Senate Bill 3018
115th Congress(2017-2018)
Degrees Not Debt Act of 2018
Introduced
Introduced in Senate on Jun 6, 2018
Origin Chamber
Senate
Type
Bill
Bill
The primary form of legislative measure used to propose law. Depending on the chamber of origin, bills begin with a designation of either H.R. or S. Joint resolution is another form of legislative measure used to propose law.
Bill Number
3018
Congress
115
Policy Area
Education
Education
Primary focus of measure is elementary, secondary, or higher education including special education and matters of academic performance, school administration, teaching, educational costs, and student aid.
No Senate votes have been held for this bill.
Summary
Degrees Not Debt Act of 2018
This bill repeals the alternative minimum tax exemption and the increased estate and gift tax exemption provided in 2017, uses the tax revenue to increase need-based federal student aid provided to students of institutions of higher education (IHEs), eliminates Pell Grant funding for institutions of higher education in states that do not maintain their funding levels for IHEs, and requires IHEs to disclose performance indicators (e.g., graduation rates and employments outcomes).
June 6, 2018
06/06/2018
Read twice and referred to the Committee on Finance.
06/06/2018
Introduced in Senate
Public Record
Record Updated
Jan 11, 2023 1:42:11 PM