CONGRESS FOR VOTERS

Tracey Mann (R-KS)

Family Farm and Small Business Exemption Act

H.R. 1131 · House bill Education

A Republican bill with 18 Democratic cosponsors · See all 89 cosponsors

Last activity — Referred to the House Committee on Education and Workforce.

In committee

Introduced and handed to a committee in the chamber it started in.

The committee holds it, and most bills are never heard from again. A hearing or a committee vote would be news; silence is the usual outcome, and it kills the bill without anyone voting against it.

Its path through Congress

  1. Introduced
  2. In Committee

What this bill would do

This bill, known as the "Family Farm and Small Business Exemption Act," aims to change how assets are defined under title IV of the Higher Education Act of 1965. It seeks to restore an exemption for specific types of assets. Specifically, it targets family farms where the family lives and small businesses owned and controlled by a family. The bill would exclude these from the net value used in certain financial calculations. These changes would apply to need analysis for award years beginning after the act is enacted.

Yes· 3 of 10

  • Scored +6

    Would business owners be better off under this?

    Business owners with fewer than 100 employees gain a benefit by having their business assets excluded from their family's financial aid need analysis.

  • Scored +6

    Would farmers be better off under this?

    The bill provides specific relief to farming families by exempting their primary residence and farm assets from financial aid calculations.

  • Scored +6

    Does this make it easier to run a small business?

    The bill supports small business owners by excluding the net value of their family-owned businesses from financial aid need analysis.

The opposite

No question was scored the opposite.