Senate Bill 3611
115th Congress(2017-2018)
Faster Access to Federal Student Aid Act of 2018
Active
Active
Passed Senate on Dec 20, 2018
Overview
Text
Introduced
Nov 13, 2018
Latest Action
Dec 20, 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
3611
Congress
115
Policy Area
Taxation
Taxation
Primary focus of measure is all aspects of income, excise, property, inheritance, and employment taxes; tax administration and collection. Measures concerning state and local finance may fall under Economics and Public Finance policy area.
Sponsorship by Party
Tennessee
Colorado
New Hampshire
North Carolina
Rhode Island
Washington
Passed
December 20, 2018
Type
Unanimous Consent
Unanimous Consent
A senator may request unanimous consent on the floor to set aside a specified rule of procedure so as to expedite proceedings. If no Senator objects, the Senate permits the action, but if any one senator objects, the request is rejected. Unanimous consent requests with only immediate effects are routinely granted, but ones affecting the floor schedule, the conditions of considering a bill or other business, or the rights of other senators, are normally not offered, or a floor leader will object to it, until all senators concerned have had an opportunity to inform the leaders that they find it acceptable.
Passed/agreed to in Senate: Passed Senate without amendment by Unanimous Consent.
Summary

Faster Access to Federal Student Aid Act of 2018

This bill requires the Internal Revenue Service (IRS) to disclose certain tax return information to the Department of Education (ED) for the purpose of administering financial aid and loan programs under the Higher Education Act of 1965. (Under current law, students must obtain their own tax return information from the IRS and submit it to ED.)

Upon receiving a request from ED, the IRS must disclose specified tax return information to ED for the purposes of

  • establishing, renewing, administering, and conducting analyses and forecasts for estimating costs related to income-contingent or income-based repayment programs;
  • the discharge of loans based on a total and permanent disability;
  • determining the eligibility for, and the amount of, federal student financial aid; and
  • conducting analyses and forecasts for estimating costs related to federal student financial aid programs.

ED may only use the disclosed information for the purposes above and for mitigating risks related to the programs. Mitigating risks includes activities related to analyzing or estimating costs, conducting oversight, developing statistics, and reducing improper payments. It does not include conducting criminal investigations or prosecutions.

With the consent of the taxpayer, ED may disclose the return information to certain institutions of higher education, state higher education agencies, and scholarship organizations solely for the use in financial aid programs.

The bill also specifies notification and reporting requirements related to the disclosures and the implementation of this bill.

Text (2)
December 20, 2018
November 13, 2018
Actions (8)
12/20/2018
Held at the desk.
12/20/2018
Message on Senate action sent to the House.
12/20/2018
Received in the House.
12/20/2018
Passed Senate without amendment by Unanimous Consent.
12/20/2018
Passed/agreed to in Senate: Passed Senate without amendment by Unanimous Consent.
12/20/2018
Senate Committee on Finance discharged by Unanimous Consent.
11/13/2018
Read twice and referred to the Committee on Finance.
11/13/2018
Introduced in Senate
Public Record
Created
Nov 14, 2018 5:26:32 AM
Updated
Dec 5, 2020 9:59:47 AM