Need-Based Educational Aid Act of 2015

Bill: 114-hr-2604
Sponsor: full_name: Rep. Smith, Lamar [R-TX-21]
Introduced: 2015-06-02
Policy area: Commerce
Subjects: Competition and antitrust

Higher education

Student aid and college costs

Student records
Latest action: action_date: 2015-07-23
text: Placed on the Union Calendar, Calendar No. 169.

Summaries:
action_date: 2015-06-02
action_desc: Introduced in House
text: <p><b>Need</b>-<b>Based</b> <b>Educational</b> <b>Aid Act of 2015</b></p> <p>This bill amends the Improving America's Schools Act of 1994 to extend through FY2022 the antitrust exemption that allows institutions of higher education that admit all students on a need-blind basis to enter or attempt to enter into agreements among themselves regarding the administration of need-based financial aid.</p> <p>The bill also, however, repeals the permission for these institutions to exchange through an independent third party, before awarding financial aid to any of the students, data submitted by the student, his or her family, or a financial institution on their behalf relating to assets, liabilities, income, expenses, the number of family members, and the number of the student's siblings in college, if each of the institutions is permitted to retrieve the data only once with respect to the student.</p>

action_date: 2015-07-23
action_desc: Reported to House without amendment
text: <p>(This measure has not been amended since it was introduced. The summary has been expanded because action occurred on the measure.)</p> <p><b>Need</b>-<b>Based</b> <b>Educational</b> <b>Aid Act of 2015</b></p> <p>(Sec. 2)This bill amends the Improving America's Schools Act of 1994 to extend through FY2022 the antitrust exemption that allows institutions of higher education that admit all students on a need-blind basis to enter or attempt to enter into agreements among themselves regarding the administration of need-based financial aid.</p> <p>The bill also, however, repeals the permission for these institutions to exchange through an independent third party, before awarding financial aid to any of the students, data submitted by the student, his or her family, or a financial institution on their behalf relating to assets, liabilities, income, expenses, the number of family members, and the number of the student's siblings in college, if each of the institutions is permitted to retrieve the data only once with respect to the student.</p>

tv_txt: I 114th CONGRESS 1st Session H. R. 2604 IN THE HOUSE OF REPRESENTATIVES June 2, 2015 Mr. Smith of Texas (for himself and Mr. Johnson of Georgia ) introduced the following bill; which was referred to the Committee on the Judiciary A BILL To improve and reauthorize provisions relating to the application of the antitrust laws to the award of need-based educational aid.

1. Short title This Act may be cited as the Need-Based Educational Aid Act of 2015 . 2. Extension Relating to the application of the antritrust laws to the award of need-based educational aid Section 568 of the Improving America’s Schools Act of 1994 ( 15 U.S.C. 1 note) is amended— (1) in subsection (a)— (A) in paragraph (2), by inserting or after the semicolon; (B) in paragraph (3), by striking ; or and inserting a period at the end; and (C) by striking paragraph (4); and (2) in subsection (d), by striking 2015 and inserting 2022 .

tv_txt: IB Union Calendar No. 169 114th CONGRESS 1st Session H. R. 2604 [Report No. 114–224] IN THE HOUSE OF REPRESENTATIVES June 2, 2015 Mr. Smith of Texas (for himself and Mr. Johnson of Georgia ) introduced the following bill; which was referred to the Committee on the Judiciary July 23, 2015 Additional sponsor: Mr. Cicilline July 23, 2015 Committed to the Committee of the Whole House on the State of the Union and ordered to be printed A BILL To improve and reauthorize provisions relating to the application of the antitrust laws to the award of need-based educational aid.

1. Short title This Act may be cited as the Need-Based Educational Aid Act of 2015 . 2. Extension Relating to the application of the antritrust laws to the award of need-based educational aid Section 568 of the Improving America’s Schools Act of 1994 ( 15 U.S.C. 1 note) is amended— (1) in subsection (a)— (A) in paragraph (2), by inserting or after the semicolon; (B) in paragraph (3), by striking ; or and inserting a period at the end; and (C) by striking paragraph (4); and (2) in subsection (d), by striking 2015 and inserting 2022 .

July 23, 2015 Committed to the Committee of the Whole House on the State of the Union and ordered to be printed