To amend the Higher Education Act of 1965 to provide that foreign income be considered in the determination of eligibility for grants and loans under that Act.

Bill: 113-hr-3841
Sponsor: full_name: Rep. Grayson, Alan [D-FL-9]
Introduced: 2014-01-10
Policy area: Education
Subjects: Government lending and loan guarantees

Higher education

Income tax exclusion

Student aid and college costs

Taxation of foreign income

U.S. and foreign investments
Latest action: action_date: 2014-06-13
text: Referred to the Subcommittee on Higher Education and Workforce Training.

Summaries:
action_date: 2014-01-10
action_desc: Introduced in House
text: <p>Amends title IV (Student Assistance) of the Higher Education Act of 1965 to include foreign income that is excluded for the purposes of federal income taxes in the determination of a student's need for assistance under title IV.</p>

tv_txt: I 113th CONGRESS 2d Session H. R. 3841 IN THE HOUSE OF REPRESENTATIVES January 10, 2014 Mr. Grayson introduced the following bill; which was referred to the Committee on Education and the Workforce A BILL To amend the Higher Education Act of 1965 to provide that foreign income be considered in the determination of eligibility for grants and loans under that Act.

1. Inclusion of foreign income for purposes of determining total income for higher education grant and loan eligibility Section 480(b) of the Higher Education Act of 1965 ( 20 U.S.C. 1087vv(b) ) is amended— (1) in paragraph (1)— (A) by redesignating subparagraphs (H) and (I) as subparagraphs (I) and (J), respectively; and (B) by inserting after subparagraph (G) the following new subparagraph: (H) foreign income excluded for purposes of Federal income taxes; ; and (2) in paragraph (2)— (A) in subparagraph (D), by striking the semicolon and inserting ; or ; (B) by striking subparagraph (E); and (C) by redesignating subparagraph (F) as subparagraph (E).