Faster Access to Federal Student Aid Act of 2018
Latest action · Dec 20, 2018 Held at the desk.
Progress
Where this bill reached, and when. A stage with no date was not reached; one that failed a vote and later carried shows the date it carried.
- IntroducedNov 13, 2018
- Passed SenateDec 20, 2018
- Passed HouseNot reached
- To the PresidentNot reached
- Became lawNot reached
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.
Cosponsors 9
Members who signed on, in the order they did. Signatures ran from Nov 13, 2018 to Dec 11, 2018; 3 are original cosponsors, there from the day it was introduced.
| Seat | Cosponsor | Signed on | |
|---|---|---|---|
| R-CO | Cory Gardner | Original | Nov 13, 2018 |
| D-WA | Patty Murray | Original | Nov 13, 2018 |
| D-RI | Sheldon Whitehouse | Original | Nov 13, 2018 |
| I-ME | Angus S. King Jr. | Dec 6, 2018 | |
| R-ME | Susan M. Collins | Dec 6, 2018 | |
| D-MI | Debbie Stabenow | Dec 11, 2018 | |
| R-TX | John Cornyn | Dec 11, 2018 | |
| D-NH | Margaret Wood Hassan | Dec 11, 2018 | |
| R-NC | Thom Tillis | Dec 11, 2018 |
Committees 1
Where it was sent and what each committee and subcommittee did with it, in order.
| Chamber | Committee | What it did |
|---|---|---|
| Senate | Finance Committee | Referred Nov 13, 2018Discharged Dec 20, 2018 |
Actions 7
Everything that happened, newest first.
- Dec 20, 2018Senate Committee on Finance discharged by Unanimous Consent.
- Dec 20, 2018Passed/agreed to in Senate: Passed Senate without amendment by Unanimous Consent.
- Dec 20, 2018Received in the House.
- Dec 20, 2018Message on Senate action sent to the House.
- Dec 20, 2018Held at the desk.
- Nov 13, 2018Introduced in Senate
- Nov 13, 2018Read twice and referred to the Committee on Finance.
In the Congressional Record 1
Days the Record’s own index lists this bill, newest first, with the pages and the members it names. Pages starting H are the House, S the Senate, E Extensions of Remarks.
| Where | In the Record | Members | Date |
|---|---|---|---|
| Senate | Debate and remarks S7946Text printed S7946 | Steve Daines R-MT | Dec 19, 2018 |
Related bills 1
Companion bills and other measures the record links to this one.
| Bill | Title | Relationship | Latest action |
|---|---|---|---|
| HR 7386 | Faster Access to Federal Student Aid Act of 2018 | Identical bill | Dec 20, 2018 |
Titles 3
Every title it has carried, official and short, at each stage.
- Official Title as Introduced
- A bill to amend the Internal Revenue Code of 1986 and the Higher Education Act of 1965 to facilitate the disclosure of tax return information to carry out the Higher Education Act of 1965, and for other purposes.
- Short Titles as Introduced
- Faster Access to Federal Student Aid Act of 2018
- Short Titles as Passed Senate
- Faster Access to Federal Student Aid Act of 2018
Subjects
Assigned by the Library of Congress. Policy area: Taxation.
Text 2
Each version as it was printed, newest first.
- Dec 20, 2018Engrossed in Senate
- Nov 13, 2018Introduced in Senate
Everything here is as published by Congress: the summary is the Congressional Research Service's, the action wording is the clerks', and the subjects are the Library of Congress's. How far it got is read from the actions themselves, taking the most recent one of each kind, so a bill that failed a vote and later passed is shown as having passed. Records come from this bill on Congress.gov and govinfo.gov; cost estimates are the Congressional Budget Office's, and the hearings are the printed hearings GovInfo publishes, which can appear months after the hearing.
