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[Congressional Bills 116th Congress]
[From the U.S. Government Publishing Office]
[H.R. 2486 Engrossed in House (EH)]

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116th CONGRESS
  1st Session
                                H. R. 2486

_______________________________________________________________________

                                 AN ACT

 
   To reauthorize mandatory funding programs for historically Black 
   colleges and universities and other minority-serving institutions.

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

SECTION 1. SHORT TITLE.

    This Act may be cited as the ``Fostering Undergraduate Talent by 
Unlocking Resources for Education Act'' or the ``FUTURE Act''.

SEC. 2. STRENGTHENING HISTORICALLY BLACK COLLEGES AND UNIVERSITIES AND 
              OTHER MINORITY-SERVING INSTITUTIONS.

    Section 371(b)(1)(A) of the Higher Education Act of 1965 (20 U.S.C. 
1067q(b)(1)(A)) is amended--
            (1) in the first sentence, by striking ``through 2019'' and 
        inserting ``through 2021''; and
            (2) in the second sentence, by striking ``2019'' and 
        inserting ``2021''.

SEC. 3. ELIMINATION OF ACCOUNT MAINTENANCE FEES.

    (a) In General.--Section 458 of the Higher Education Act of 1965 
(20 U.S.C. 1087h) is amended--
            (1) in subsection (a)--
                    (A) by striking paragraphs (1), (4), and (5); and
                    (B) by redesignating paragraphs (3), (6), (7), and 
                (8) as paragraphs (1), (2), (3), and (4), respectively;
            (2) by striking subsection (b); and
            (3) by redesignating subsection (c) as subsection (b).
    (b) Conforming Amendments.--Section 422B(c) of the Higher Education 
Act of 1965 (20 U.S.C. 1072b(c)) is amended--
            (1) by striking paragraph (3); and
            (2) by redesignating paragraphs (4) through (6) as 
        paragraphs (3) through (5), respectively.
    (c) Effective Date.--The amendments made by this section shall take 
effect on October 1, 2019.

SEC. 4. TRANSFER OF FEDERAL PELL GRANT FUNDS.

    Section 401(b)(7)(A)(iv) of the Higher Education Act of 1965 (20 
U.S.C. 1070a(b)(7)(A)(iv)) is amended by striking subclauses (X) and 
(XI) and inserting the following:
                                    ``(X) $1,267,000,000 for fiscal 
                                year 2020;
                                    ``(XI) $1,145,000,000 for fiscal 
                                year 2021;
                                    ``(XII) $1,145,000,000 for fiscal 
                                year 2022;
                                    ``(XIII) $1,145,000,000 for fiscal 
                                year 2023;
                                    ``(XIV) $1,145,000,000 for fiscal 
                                year 2024;
                                    ``(XV) $1,394,000,000 for fiscal 
                                year 2025; and
                                    ``(XVI) $1,145,000,000 for fiscal 
                                year 2026 and each succeeding fiscal 
                                year.''.

SEC. 5. DETERMINATION OF BUDGETARY EFFECTS.

    The budgetary effects of this Act, for the purpose of complying 
with the Statutory Pay-As-You-Go Act of 2010, shall be determined by 
reference to the latest statement titled ``Budgetary Effects of PAYGO 
Legislation'' for this Act, submitted for printing in the Congressional 
Record by the Chairman of the Committee on the Budget of the House of 
Representatives, provided that such statement has been submitted prior 
to the vote on passage.

            Passed the House of Representatives September 17, 2019.

            Attest:

                                                                 Clerk.
116th CONGRESS

  1st Session

                               H. R. 2486

_______________________________________________________________________

                                 AN ACT

   To reauthorize mandatory funding programs for historically Black 
   colleges and universities and other minority-serving institutions.
```