[Congressional Record Volume 171, Number 112 (Saturday, June 28, 2025)]
[Senate]
[Page S4003]
From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]

  SA 2530. Mr. GRASSLEY submitted an amendment intended to be proposed 
by him to the bill H.R. 1, to provide for reconciliation pursuant to 
title II of H. Con. Res. 14; which was ordered to lie on the table; as 
follows:

       At the appropriate place, insert the following:

     SEC. _____. EXPANSION OF PELL GRANT EXCLUSION FROM GROSS 
                   INCOME.

       (a) In General.--Section 117(b)(1) is amended by striking 
     ``received by an individual'' and all that follows and 
     inserting ``received by an individual--
       ``(A) as a scholarship or fellowship grant to the extent 
     the individual establishes that, in accordance with the 
     conditions of the grant, such amount was used for qualified 
     tuition and related expenses, or
       ``(B) as a Federal Pell Grant under section 401 of the 
     Higher Education Act of 1965 (as in effect on the date of the 
     enactment of the One Big Beautiful Bill Act).''.
       (b) No Adjustment Under American Opportunity and Lifetime 
     Learning Credits.--Section 25A(g)(2)(A) is amended by 
     inserting ``(other than a Federal Pell Grant under section 
     401 of the Higher Education Act of 1965 (as in effect on the 
     date of the enactment of the One Big Beautiful Bill Act))'' 
     after ``section 117''.
       (c) Effective Date.--The amendments made by this section 
     shall apply to taxable years beginning after December 31, 
     2025.
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