Family Farm and Small Business Exemption Act
In committee: it can still change before the session ends.
- Stage
- In committee
- Started in
- House
- Sponsors
- +86
- Latest action
- Feb 7, 2025
What it does
Family Farm and Small Business Exemption Act This bill restores an exemption for certain family farms and small businesses on the Free Application for Federal Student Aid (FAFSA) form. The bill applies to the net worth of (1) a family farm on which the family resides, or (2) a small business with not more than 100 full-time or full-time equivalent employees that is owned and controlled by the family. Prior to recent changes made to the FAFSA, the net worth of these family farms and small businesses were excluded as assets when calculating a student's financial need to determine federal student aid eligibility. Beginning with the 2024-2025 academic year, the net worth of these farms and…
Official summary · Introduced in House · Feb 7, 2025
Titles and provisions can change as the bill moves.
Where it stands
Introduced (Done)
Committee (Current step)
Floor (Not started)
Law (Not started)
What moved
Who is involved
Sponsors
The lawmakers who put their names on it, lead sponsors first.
- Tracey Mann
- Adrian Smith
- Andrea Salinas
- Angie Craig
- Ashley Hinson
- Austin Scott
- Barry Moore
- Ben Cline
- Brad Finstad
- Brian Fitzpatrick
- C. Franklin
- Celeste Maloy
- Charles (Chuck) Edwards
- Charles Fleischmann
- Chris Deluzio
- Clarence Owens
- Claudia Tenney
- Dan Newhouse
- Daniel Meuser
- Daniel Webster
- Darin LaHood
- David Kustoff
- David Rouzer
- David Valadao
- Derek Schmidt
- Derrick Van Orden
- Don Bacon
- Donald Davis
- Doug LaMalfa
- Eric Sorensen
- Eugene Vindman
- Frank Lucas
- Gabe Evans
- Gilbert Cisneros
- Glenn Grothman
- Glenn Thompson
- Gus Bilirakis
- Harriet Hageman
- Hillary Scholten
- Jack Bergman
- Jake Ellzey
- James Baird
- Jason Smith
- Jill Tokuda
- Jim Costa
- Jimmy Panetta
- John Joyce
- John Moolenaar
- John Rose
- Josh Harder
In the news
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Where it goes next
While a bill can still move, the questions are about people and money.