US Congress Senate Bill 2471 (Prior Session Legislation)

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Spectrum: Partisan Bill (Democrat 1-0)
Status: Introduced on September 12 2019 - 25% progression, died in committee
Action: 2019-09-12 - Read twice and referred to the Committee on Finance.
Pending: Senate Finance Committee
Text: Latest bill text (Introduced) [PDF]

Sets forth provisions to increase the availability of need-based federal student aid and require an institution of higher education (IHE) to disclose performance indicators. The bill repeals the alternative minimum tax exemption and the increased estate and gift tax exemption and uses the tax revenue to increase need-based federal student aid. Specifically, the bill increases (1) the maximum amount of the federal Pell Grant, and (2) the income threshold that triggers an automatic zero for an expected family contribution. In addition, the bill eliminates Pell Grant funding for an institution of higher education in a state that does not maintain its funding levels for IHEs. Finally, an IHE must disclose performance indicators (e.g., graduation rates and employment outcomes).

Degrees Not Debt Act of 2019

Sen. Martin Heinrich [D-NM]

Date	Chamber	Action
2019-09-12	Senate	Read twice and referred to the Committee on Finance.

HB4638 (Same As) 2019-10-11 - Referred to the Committee on Education and Labor, and in addition to the Committee on Ways and Means, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.

Type	Source
Summary	https://www.congress.gov/bill/116th-congress/senate-bill/2471/all-info
Text	https://www.congress.gov/116/bills/s2471/BILLS-116s2471is.pdf