HR 2669 PCS
(ii) by redesignating subclause (III) as 
subclause (IV); 
(iii) by inserting after subclause (II) 
the following: 
‘‘(III) 1 of whom is a dislocated 
worker; or’’; and 
(iv) in subclause (IV) (as redesignated 
by clause (ii)), by striking ‘‘12-month’’ and 
inserting ‘‘24-month’’; 
(2) in subsection (c)— 
(A) in paragraph (1)— 
(i) in subparagraph (A)— 
(I) in clause (ii), by striking ‘‘or’’ 
after the semicolon; 
(II) by redesignating clause (iii) 
as clause (iv); 
(III) by inserting after clause (ii) 
the following: 
‘‘(iii) 1 of whom is a dislocated work-
er; or’’; and 
(IV) in clause (iv) (as redesig-
nated by subclause (II)), by striking 
‘‘12-month’’ 
and 
inserting 
‘‘24- 
month’’; and 
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(ii) in subparagraph (B), by striking 
‘‘$20,000’’ and inserting ‘‘$30,000’’; and 
(B) in paragraph (2)— 
(i) in subparagraph (A)— 
(I) in clause (ii), by striking ‘‘or’’ 
after the semicolon; 
(II) by redesignating clause (iii) 
as clause (iv); 
(III) by inserting after clause (ii) 
the following: 
‘‘(iii) is a dislocated worker; or’’; and 
(IV) in clause (iv) (as redesig-
nated by subclause (II)), by striking 
‘‘12-month’’ 
and 
inserting 
‘‘24- 
month’’; and 
(ii) in subparagraph (B), by striking 
‘‘$20,000’’ and inserting ‘‘$30,000’’; and 
(C) in the flush matter following para-
graph (2)(B), by adding at the end the fol-
lowing: ‘‘The Secretary shall annually adjust 
the income level necessary to qualify an appli-
cant for the zero expected family contribution. 
The income level shall be adjusted according to 
increases in the Consumer Price Index, as de-
fined in section 478(f).’’; and 
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(3) in subsection (d)— 
(A) 
by 
redesignating 
paragraphs 
(1) 
through (6) as subparagraphs (A) through (F), 
respectively and moving the margins of such 
subparagraphs 2 ems to the right; 
(B) by striking ‘‘(d) DEFINITION’’ and all 
that follows through ‘‘the term’’ and inserting 
the following: 
‘‘(d) DEFINITIONS.—In this section: 
‘‘(1) DISLOCATED
WORKER.—The term ‘dis-
located worker’ has the meaning given the term in 
section 101 of the Workforce Investment Act of 
1998 (29 U.S.C. 2801). 
‘‘(2) MEANS-TESTED FEDERAL BENEFIT PRO-
GRAM.—The term’’. 
(b) DISCRETION OF STUDENT FINANCIAL AID AD-
MINISTRATORS.—Section 479A(a) (20 U.S.C. 1087tt(a)) 
is amended in the third sentence by inserting ‘‘a family 
member who is a dislocated worker (as defined in section 
101 of the Workforce Investment Act of 1998 (29 U.S.C. 
2801)),’’ after ‘‘recent unemployment of a family mem-
ber,’’. 
(c) EFFECTIVE DATE.—The amendments made by 
this section shall be effective on July 1, 2009. 
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SEC. 104. DEFINITIONS. 
(a) TOTAL INCOME.—Section 480(a)(2) (20 U.S.C. 
1087vv(a)(2)) is amended— 
(1) by striking ‘‘and no portion’’ and inserting 
‘‘no portion’’; and 
(2) by inserting ‘‘and no distribution from any 
qualified education benefit described in subsection 
(f)(3) that is not subject to Federal income tax,’’ 
after ‘‘1986,’’. 
(b) UNTAXED INCOME
AND BENEFITS.—Section 
480(b) (20 U.S.C. 1087vv(b)) is amended to read as fol-
lows: 
‘‘(b) UNTAXED INCOME AND BENEFITS.— 
‘‘(1) The term ‘untaxed income and benefits’ 
means— 
‘‘(A) child support received; 
‘‘(B) workman’s compensation; 
‘‘(C) veteran’s benefits such as death pen-
sion, dependency, and indemnity compensation, 
but excluding veterans’ education benefits as 
defined in subsection (c); 
‘‘(D) interest on tax-free bonds; 
‘‘(E) housing, food, and other allowances 
(excluding rent subsidies for low-income hous-
ing) for military, clergy, and others (including 
cash payments and cash value of benefits); 
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‘‘(F) cash support or any money paid on 
the student‘s behalf, except, for dependent stu-
dents, funds provided by the student’s parents; 
‘‘(G) untaxed portion of pensions; 
‘‘(H) payments to individual retirement ac-
counts and Keogh accounts excluded from in-
come for Federal income tax purposes; and 
‘‘(I) any other untaxed income and bene-
fits, such as Black Lung Benefits, Refugee As-
sistance, railroad retirement benefits, or Job 
Training Partnership Act noneducational bene-
fits or benefits received through participation in 
employment and training activities under title I 
of the Workforce Investment Act of 1998 (29 
U.S.C. 2801 et seq.). 
‘‘(2) The term ‘untaxed income and benefits’ 
shall not include the amount of additional child tax 
credit claimed for Federal income tax purposes.’’. 
(c) ASSETS.—Section 480(f) (20 U.S.C. 1087vv(f)) 
is amended— 
(1) in paragraph (3), by striking ‘‘shall not be 
considered an asset of a student for purposes of sec-
tion 475’’ and inserting ‘‘shall be considered an 
asset of the parent for purposes of section 475’’; 
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