118th Congress Education
H.R. 1250: Family Farm and Small Business Exemption Act
Introduced
- Introduced (completed)
- Passed House (not reached)
- Passed Senate (not reached)
- To the President (not reached)
- Became law (not reached)
Summary
This bill restores an exemption for certain family farms and small businesses under the Free Application for Federal Student Aid (FAFSA). The bill applies to the net worth of (1) a family farm on which the family resides, or (2) a small business with not more than 100 full-time or full-time equivalent employees that is owned and controlled by the family.
Prior to recent changes made to FAFSA, the net worth of these family farms and small businesses were excluded as assets when calculating a student's financial need to determine federal student aid eligibility. Beginning with the 2024-2025 academic year, the net worth of these farms and businesses will be treated as an asset and therefore included in the calculation. This bill restores the exemption to exclude such net worth from the calculation.
Written by the Congressional Research Service, Library of Congress.
Roll calls
No roll call votes have been held on this bill.
Amendments
No amendments were offered to this bill.
Cosponsors
- Don Bacon R-NEOriginal
- Jack Bergman R-MIOriginal
- Katherine Cammack R-FLOriginal
- Lori Chavez-DeRemer R-OROriginal
- Donald Davis D-NCOriginal
- Scott DesJarlais R-TNOriginal
- Jake Ellzey R-TXOriginal
- Randy Feenstra R-IAOriginal
- C. Franklin R-FLOriginal
- Brad Finstad R-MNOriginal
- Michael Guest R-MSOriginal
- Marie Gluesenkamp Perez D-WAOriginal
- Harriet Hageman R-WYOriginal
- Jacob LaTurner R-KSOriginal
- Frank Lucas R-OKOriginal
- Doug LaMalfa R-CAOriginal
- Michael McCaul R-TXOriginal
- Daniel Meuser R-PAOriginal
- Mary Miller R-ILOriginal
- Barry Moore R-ALOriginal
- Mariannette Miller-Meeks R-IAOriginal
- James (Jim) Moylan R-GUOriginal
- Zachary (Zach) Nunn R-IAOriginal
- Jimmy Panetta D-CAOriginal
- Austin Scott R-GAOriginal
- W. Steube R-FLOriginal
- Eric Sorensen D-ILOriginal
- David Valadao R-CAOriginal
- Lauren Boebert R-CO
- Charles Fleischmann R-TN
- Angie Craig D-MN
- Kathy Manning D-NC
- Hillary Scholten D-MI
- Scott Fitzgerald R-WI
- Sam Graves R-MO
- Brian Fitzpatrick R-PA
- Guy Reschenthaler R-PA
- Ben Cline R-VA
- Ashley Hinson R-IA
- Adrian Smith R-NE
- Glenn Thompson R-PA
- Mike Flood R-NE
- Mark Alford R-MO
- Mike Bost R-IL
- Nicolas LaLota R-NY
- David Rouzer R-NC
- Troy Balderson R-OH
- Yadira Caraveo D-CO
- Jim Costa D-CA
- Darin LaHood R-IL
- Blaine Luetkemeyer R-MO
- Julia Letlow R-LA
- James Baird R-IN
- Michael Lawler R-NY
- John Duarte R-CA
- Sharice Davids D-KS
- Derrick Van Orden R-WI
- John Rose R-TN
- Ann Kuster D-NH
Who scored on this bill
- 1Tracey Mann SponsorDrew cross-party cosponsors, reached a cosponsor milestone, introduced4 events+18
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Introductions and cosponsorships count toward weekly caps and show no points.
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History
- Introduced in the House by Tracey Mann.
Show the full action history (2 actions)
- Introduced in House
- Referred to the House Committee on Education and the Workforce.