[Congressional Bills 113th Congress]
[From the U.S. Government Publishing Office]
[H.R. 3841 Introduced in House (IH)]

113th CONGRESS
  2d Session
                                H. R. 3841

   To amend the Higher Education Act of 1965 to provide that foreign 
income be considered in the determination of eligibility for grants and 
                         loans under that Act.


_______________________________________________________________________


                    IN THE HOUSE OF REPRESENTATIVES

                            January 10, 2014

 Mr. Grayson introduced the following bill; which was referred to the 
                Committee on Education and the Workforce

_______________________________________________________________________

                                 A BILL


 
   To amend the Higher Education Act of 1965 to provide that foreign 
income be considered in the determination of eligibility for grants and 
                         loans under that Act.

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

SECTION 1. INCLUSION OF FOREIGN INCOME FOR PURPOSES OF DETERMINING 
              TOTAL INCOME FOR HIGHER EDUCATION GRANT AND LOAN 
              ELIGIBILITY.

    Section 480(b) of the Higher Education Act of 1965 (20 U.S.C. 
1087vv(b)) is amended--
            (1) in paragraph (1)--
                    (A) by redesignating subparagraphs (H) and (I) as 
                subparagraphs (I) and (J), respectively; and
                    (B) by inserting after subparagraph (G) the 
                following new subparagraph:
                    ``(H) foreign income excluded for purposes of 
                Federal income taxes;''; and
            (2) in paragraph (2)--
                    (A) in subparagraph (D), by striking the semicolon 
                and inserting ``; or'';
                    (B) by striking subparagraph (E); and
                    (C) by redesignating subparagraph (F) as 
                subparagraph (E).
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