In the Senate of the United States, 
December 5, 2019. 
Resolved, That the bill from the House of Representa-
tives (H.R. 2486) entitled ‘‘An Act to reauthorize mandatory 
funding programs for historically Black colleges and univer-
sities and other minority-serving institutions.’’, do pass with 
the following 
AMENDMENT: 
Strike all after the enacting clause and insert the 
following: 
SECTION 1. SHORT TITLE; REFERENCES. 
(a) SHORT TITLE.—This Act may be cited as the ‘‘Fos-
tering Undergraduate Talent by Unlocking Resources for 
Education Act’’ or the ‘‘FUTURE Act’’. 
(b) REFERENCES.—Except as otherwise expressly pro-
vided, whenever in this Act an amendment or repeal is ex-
pressed in terms of an amendment to, or repeal of, a section 
or other provision, the reference shall be considered to be
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made to a section or other provision of the Higher Edu-
cation Act of 1965 (20 U.S.C. 1001 et seq.). 
SEC. 2. CONTINUED SUPPORT FOR MINORITY-SERVING IN-
STITUTIONS. 
Section 371(b)(1)(A) (20 U.S.C. 1067q(b)(1)(A)) is 
amended by striking ‘‘for each of the fiscal years 2008 
through 2019.’’ and all that follows through the end of the 
subparagraph and inserting ‘‘for fiscal year 2020 and each 
fiscal year thereafter.’’. 
SEC. 3. SECURE DISCLOSURE OF TAX-RETURN INFORMA-
TION TO CARRY OUT THE HIGHER EDU-
CATION ACT OF 1965. 
(a) AMENDMENTS TO THE INTERNAL REVENUE CODE 
OF 1986.— 
(1) IN
GENERAL.—Paragraph (13) of section 
6103(l) of the Internal Revenue Code of 1986 is 
amended to read as follows: 
‘‘(13) DISCLOSURE OF RETURN INFORMATION TO 
CARRY OUT THE HIGHER EDUCATION ACT OF 1965.— 
‘‘(A) 
INCOME-CONTINGENT
OR
INCOME- 
BASED REPAYMENT AND TOTAL AND PERMANENT 
DISABILITY
DISCHARGE.—The Secretary shall, 
upon written request from the Secretary of Edu-
cation, disclose to officers, employees, and con-
tractors of the Department of Education, as spe-
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cifically authorized and designated by the Sec-
retary of Education, only for the purpose of (and 
to the extent necessary in) establishing enroll-
ment, renewing enrollment, administering, and 
conducting analyses and forecasts for estimating 
costs related to income-contingent or income- 
based repayment programs, and the discharge of 
loans based on a total and permanent disability 
(within the meaning of section 437(a) of the 
Higher Education Act of 1965), under title IV of 
the Higher Education Act of 1965, the following 
return information (as defined in subsection 
(b)(2)) with respect to taxpayers identified by 
the Secretary of Education as participating in 
the loan programs under title IV of such Act, for 
taxable years specified by such Secretary: 
‘‘(i) Taxpayer identity information 
with respect to such taxpayer. 
‘‘(ii) The filing status of such tax-
payer. 
‘‘(iii) The adjusted gross income of 
such taxpayer. 
‘‘(iv) Total number of exemptions 
claimed, or total number of individuals and
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dependents claimed, as applicable, on the 
return. 
‘‘(v) Number of children with respect to 
which tax credits under section 24 are 
claimed on the return. 
‘‘(B) FEDERAL STUDENT FINANCIAL AID.— 
The Secretary shall, upon written request from 
the Secretary of Education, disclose to officers, 
employees, and contractors of the Department of 
Education, as specifically authorized and des-
ignated by the Secretary of Education, only for 
the purpose of (and to the extent necessary in) 
determining eligibility for, and amount of, Fed-
eral student financial aid under programs au-
thorized by parts A, C, and D of title IV of the 
Higher Education Act of 1965 (as in effect on 
the date of the enactment of the Fostering Under-
graduate Talent by Unlocking Resources for 
Education Act) and conducting analyses and 
forecasts for estimating costs related to such pro-
grams, the following return information (as de-
fined in subsection (b)(2)) with respect to tax-
payers identified by the Secretary of Education 
as applicants for Federal student financial aid
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under such parts of title IV of such Act, for tax-
able years specified by such Secretary: 
‘‘(i) Taxpayer identity information 
with respect to such taxpayer. 
‘‘(ii) The filing status of such tax-
payer. 
‘‘(iii) The adjusted gross income of 
such taxpayer. 
‘‘(iv) The amount of any net earnings 
from self-employment (as defined in section 
1402), wages (as defined in section 3121(a) 
or 3401(a)), taxable income from a farming 
business (as defined in section 236A(e)(4)), 
and investment income for the period re-
ported on the return. 
‘‘(v) The total income tax of such tax-
payer. 
‘‘(vi) Total number of exemptions 
claimed, or total number of individuals and 
dependents claimed, as applicable, on the 
return. 
‘‘(vii) Number of children with respect 
to which tax credits under section 24 are 
claimed on the return.
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‘‘(viii) Amount of any credit claimed 
under section 25A for the taxable year. 
‘‘(ix) Amount of individual retirement 
account distributions not included in ad-
justed gross income for the taxable year. 
‘‘(x) Amount of individual retirement 
account contributions and payments to self- 
employed SEP, Keogh, and other qualified 
plans which were deducted from income for 
the taxable year. 
‘‘(xi) The amount of tax-exempt inter-
est. 
‘‘(xii) Amounts from retirement pen-
sions and annuities not included in ad-
justed gross income for the taxable year. 
‘‘(xiii) If applicable, the fact that any 
of the following schedules (or equivalent suc-
cessor schedules) were filed with the return: 
‘‘(I) Schedule A. 
‘‘(II) Schedule B. 
‘‘(III) Schedule D. 
‘‘(IV) Schedule E. 
‘‘(V) Schedule F. 
‘‘(VI) Schedule H.
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‘‘(xiv) If applicable, the fact that 
Schedule C (or an equivalent successor 
schedule) was filed with the return showing 
a gain or loss greater than $10,000. 
‘‘(xv) If applicable, the fact that there 
is no return filed for such taxpayer for the 
applicable year. 
‘‘(C) RESTRICTION ON USE OF DISCLOSED 
INFORMATION.— 
‘‘(i) IN
GENERAL.—Return informa-
tion disclosed under subparagraphs (A) and 
(B) may be used by officers, employees, and 
contractors of the Department of Education, 
as specifically authorized and designated by 
the Secretary of Education, only for the 
purposes and to the extent necessary de-
scribed in such subparagraphs and for miti-
gating risks (as defined in clause (ii)) relat-
ing to the programs described in such sub-
paragraphs. 
‘‘(ii) MITIGATING
RISKS.—For pur-
poses of this subparagraph, the term ‘miti-
gating risks’ means, with respect to the pro-
grams described in subparagraphs (A) and 
(B),
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‘‘(I) oversight activities by the Of-
fice of Inspector General of the Depart-
ment of Education as authorized by 
the Inspector General Act of 1978, as 
amended, and 
‘‘(II) reducing the net cost of im-
proper payments to Federal financial 
aid recipients. 
Such term does not include the conduct of 
criminal investigations or prosecutions. 
‘‘(iii) REDISCLOSURE TO INSTITUTIONS 
OF
HIGHER
EDUCATION, STATE
HIGHER 
EDUCATION
AGENCIES, AND
DESIGNATED 
SCHOLARSHIP
ORGANIZATIONS.—The Sec-
retary of Education, and officers, employees, 
and contractors of the Department of Edu-
cation, may disclose return information re-
ceived under subparagraph (B), solely for 
the use in the application, award, and ad-
ministration of student financial aid or aid 
awarded by such entities as the Secretary of 
Education may designate, to the following 
persons: 
‘‘(I) An institution of higher edu-
cation with which the Secretary of
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Education has an agreement under 
subpart 1 of part A, part C, or part D 
of title IV of the Higher Education Act 
of 1965. 
‘‘(II) A State higher education 
agency. 
‘‘(III) A scholarship organization 
which is designated by the Secretary of 
Education as of the date of the enact-
ment of the Fostering Undergraduate 
Talent by Unlocking Resources for 
Education Act as an organization eli-
gible to receive the information pro-
vided under this clause. 
The preceding sentence shall only apply to 
the extent that the taxpayer with respect to 
whom the return information relates pro-
vides consent for such disclosure to the Sec-
retary of Education as part of the applica-
tion for Federal student financial aid under 
title IV of the Higher Education Act of 
1965. 
‘‘(D) REQUIREMENT
OF
NOTIFICATION
OF 
REQUEST FOR TAX RETURN INFORMATION.—Sub-
paragraphs (A) and (B) shall apply to any dis-
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closure of return information with respect to a 
taxpayer only if the Secretary of Education has 
provided to such taxpayer the notification re-
quired by section 494 of the Higher Education 
Act of 1965 prior to such disclosure.’’. 
(2) CONFIDENTIALITY
OF
RETURN
INFORMA-
TION.—Section 6103(a)(3) of such Code is amended 
by inserting ‘‘, (13)(A), (13)(B)’’ after ‘‘(12)’’. 
(3) 
CONFORMING
AMENDMENTS.—Section 
6103(p)(4) of such Code is amended— 
(A) by inserting ‘‘(A), (13)(B)’’ after ‘‘(13)’’ 
each place it occurs, and 
(B) by inserting ‘‘, (13)(A), (13)(B)’’ after 
‘‘(l)(10)’’ each place it occurs. 
(b) EFFECTIVE DATE.—The amendments made by this 
section shall apply to disclosures made under section 
6103(l)(13) of the Internal Revenue Code of 1986 (as 
amended by this section) after the date of the enactment 
of this Act. 
SEC. 4. NOTIFICATION OF REQUEST FOR TAX RETURN IN-
FORMATION. 
(a) IN GENERAL.—Part G of title IV (20 U.S.C. 1088 
et seq.) is amended by adding at the end the following:
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‘‘SEC. 494. NOTIFICATION OF REQUEST FOR TAX RETURN 
INFORMATION. 
‘‘The Secretary shall advise students and borrowers 
who submit an application for Federal student financial 
aid under this title or for the discharge of a loan based 
on permanent and total disability, as described in section 
437(a), or who request an income-contingent or income- 
based repayment plan on their loan (as well as parents and 
spouses who sign such an application or request or a Master 
Promissory Note on behalf of those students and borrowers) 
that the Secretary has the authority to request that the In-
ternal Revenue Service disclose their tax return information 
(as well as that of parents and spouses who sign such an 
application or request or a Master Promissory Note on be-
half of those students and borrowers) to officers, employees, 
and contractors of the Department of Education as author-
ized under section 6103(1)(13) of the Internal Revenue Code 
of 1986, to the extent necessary for the Secretary to carry 
out this title.’’. 
(b) CONFORMING AMENDMENT.—Section 484(q) (20 
U.S.C. 1091(q)) is amended to read as follows: 
‘‘(q) reserved’’. 
SEC. 5. INCREASED FUNDING FOR FEDERAL PELL GRANTS. 
Section 
401(b)(7)(A)(iv) 
(20 
U.S.C. 
1070a(b)(7)(A)(iv)) is amended—
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(1) 
in 
subclause 
(X), 
by 
striking 
‘‘$1,430,000,000’’ and inserting ‘‘$1,455,000,000’’; 
and 
(2) 
in 
subclause 
(XI), 
by 
striking 
‘‘$1,145,000,000’’ and insert ‘‘$1,170,000,000’’. 
SEC. 6. REPORTS ON IMPLEMENTATION. 
(a) IN GENERAL.—Not later than each specified date, 
the Secretary of Education and the Secretary of the Treas-
ury shall issue joint reports to the Committees on Health, 
Education, Labor, and Pensions and Finance of the Senate 
and the Committees on Education and Labor and Ways 
and Means of the House of Representatives regarding the 
amendments made by this Act. Each such report shall in-
clude, as applicable— 
(1) an update on the status of implementation of 
the amendments made by this Act, 
(2) an evaluation of the processing of applica-
tions for Federal student financial aid, and applica-
tions for income-based repayment and income contin-
gent repayment, under title IV of the Higher Edu-
cation Act of 1965 (20 U.S.C. 1070 et seq.), in ac-
cordance with the amendments made by this Act, and 
(3) implementation issues and suggestions for 
potential improvements.
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(b) SPECIFIED DATE.—For purposes of subsection (a), 
the term ‘‘specified date’’ means— 
(1) the date that is 90 days after the date of the 
enactment of this Act, 
(2) the date that is 120 days after the first day 
that the disclosure process established under section 
6103(l)(13) of the Internal Revenue Code of 1986, as 
amended by section 3(a) of this Act, is operational 
and accessible to officers, employees, and contractors 
of the Department of Education (as specifically au-
thorized and designated by the Secretary of Edu-
cation), and 
(3) the date that is 1 year after the report date 
described in paragraph (2). 
Attest: 
Secretary.