Bill Sponsor
Senate Bill 2471
116th Congress(2019-2020)
Degrees Not Debt Act of 2019
Introduced
Introduced
Introduced in Senate on Sep 12, 2019
Overview
Text
Introduced
Sep 12, 2019
Latest Action
Sep 12, 2019
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
2471
Congress
116
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.
Sponsorship by Party
Democrat
New Mexico
Senate Votes (0)
House Votes (0)
No Senate votes have been held for this bill.
Summary

Degrees Not Debt Act of 2019

This bill sets forth provisions to increase the availability of need-based federal student aid and require an institution of higher education (IHE) to disclose performance indicators.

The bill repeals the alternative minimum tax exemption and the increased estate and gift tax exemption and uses the tax revenue to increase need-based federal student aid. Specifically, the bill increases (1) the maximum amount of the federal Pell Grant, and (2) the income threshold that triggers an automatic zero for an expected family contribution.

In addition, the bill eliminates Pell Grant funding for an institution of higher education in a state that does not maintain its funding levels for IHEs.

Finally, an IHE must disclose performance indicators (e.g., graduation rates and employment outcomes).

Text (1)
September 12, 2019
Actions (2)
09/12/2019
Read twice and referred to the Committee on Finance.
09/12/2019
Introduced in Senate
Public Record
Record Updated
Nov 1, 2022 1:50:02 PM