[Congressional Bills 110th Congress]
[From the U.S. Government Publishing Office]
[S. 899 Introduced in Senate (IS)]

  1st Session
                                 S. 899

    To amend section 401(b)(2) of the Higher Education Act of 1965 
            regarding the Federal Pell Grant maximum amount.


_______________________________________________________________________


                   IN THE SENATE OF THE UNITED STATES

                             March 15, 2007

  Mr. Dodd (for himself, Ms. Mikulski, Mrs. Murray, Mr. Sanders, Mr. 
    Durbin, Mr. Lieberman, Ms. Cantwell, Mr. Akaka, and Mr. Levin) 
introduced the following bill; which was read twice and referred to the 
          Committee on Health, Education, Labor, and Pensions

_______________________________________________________________________

                                 A BILL


 
    To amend section 401(b)(2) of the Higher Education Act of 1965 
            regarding the Federal Pell Grant maximum amount.

    Be it enacted by the Senate and House of Representatives of the 
United States of America in Congress assembled,

SECTION 1. FEDERAL PELL GRANT MAXIMUM AMOUNT.

    Section 401(b)(2) of the Higher Education Act of 1965 (20 U.S.C. 
1070a(b)(2)) is amended--
            (1) by redesignating subparagraph (B) as subparagraph (C);
            (2) by striking subparagraph (A) and inserting the 
        following:
            ``(A) Except as provided in subparagraph (B), the amount of 
        the Federal Pell Grant for a student eligible under this part 
        shall be--
                    ``(i) $7,600 for academic year 2007-2008;
                    ``(ii) $8,600 for academic year 2008-2009;
                    ``(iii) $9,600 for academic year 2009-2010;
                    ``(iv) $10,600 for academic year 2010-2011; and
                    ``(v) $11,600 for academic year 2011-2012,
                        less an amount equal to the amount determined 
                        to be the expected family contribution with 
                        respect to that student for that year.''; and
            (3) by inserting after subparagraph (A) (as amended by 
        paragraph (2)) the following:
            ``(B) If the Secretary determines that the increase from 
        one academic year to the next in the amount of the maximum 
        Federal Pell Grant authorized under subparagraph (A) does not 
        increase students' purchasing power (relative to the cost of 
        attendance at an institution of higher education) by not less 
        than 5 percentage points, then the amount of the maximum 
        Federal Pell Grant authorized under subparagraph (A) for the 
        academic year for which the determination is made shall be 
        increased by an amount sufficient to achieve such a 5 
        percentage point increase.''.
                                 <all>