Both sides have signed this (Bill Ranking)
H.R. 1131 · 119th Congress (2025-2026)
90 members · Left 11 · Center 9 · Right 70 (Bill Ranking)
| Sponsor | Rep. Mann, Tracey (R-KS) (Introduced 02/07/2025) |
|---|---|
| Sponsor Voting Record | Right · DW-NOMINATE +0.61 · measured from every roll-call vote this member has cast (voteview.com) (Sponsor Ranking) |
| Support |
LLLCLRR support across the spectrum: 90 members signed on (Bill Ranking) this bill: sponsor + current cosponsors, each once |
| Committees | House - Education and Workforce Committee |
| Latest Action | 02/07/2025 Referred to the House Committee on Education and Workforce. |
| Roll Call Votes | There have been no roll call votes |
| Source | view on congress.gov → |
Introduced in House (02/07/2025)
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 businesses are treated as an asset and therefore included in the calculation. This bill restores the exemption to exclude such net worth from the calculation.
119 HR 1131 IH: Family Farm and Small Business Exemption Act U.S. House of Representatives 2025-02-07 text/xml EN Pursuant to Title 17 Section 105 of the United States Code, this file is not subject to copyright protection and is in the public domain. I119th CONGRESS1st SessionH. R. 1131IN THE HOUSE OF REPRESENTATIVESFebruary 7, 2025Mr. Mann (for himself, Mr. Panetta, Mr. Thompson of Pennsylvania, Ms. Craig, Mr. Davis of North Carolina, Mr. Meuser, Mr. Ellzey, Ms. Hageman, Mr. Sorensen, Mr. Finstad, Mr. Fleischmann, Mr. Graves, Mr. Cline, Mrs. Hinson, Mr. Bost, Mr. Costa, Ms. Tenney, Mr. Austin Scott of Georgia, Mr. DesJarlais, Mr. Edwards, Mr. Grothman, Ms. Maloy, Ms. Tokuda, Mr. Bergman, Mr. Van Orden, Mr. Scott Franklin of Florida, Mr. Zinke, Mr. Smith of Nebraska, Mr. Schmidt, Mr. Moolenaar, Mr. Smith of Missouri, Ms. Perez, Mr. Rouzer, Mrs. Miller of Illinois, Mr. LaHood, Mr. Messmer, Mr. Fallon, Mr. Bacon, Mr. Webster of Florida, Mr. Nunn of Iowa, Mr. Fitzgerald, Mr. Newhouse, Mr. Valadao, Mr. Guest, Mr. Self, Mr. Hudson, Mr. Fong, Mr. Downing, Mrs. Miller-Meeks, Mr. Moore of Alabama, Mr. Evans of Colorado, Mr. Feenstra, Ms. McDonald Rivet, Mr. Flood, Mr. Lawler, Mr. Fitzpatrick, Ms. Scholten, Mr. Joyce of Pennsylvania, Mr. Lucas, Mr. McCaul, Mr. Kelly of Pennsylvania, Ms. Salinas, Mr. LaMalfa, Mr. Cisneros, Mr. Kelly of Mississippi, Mr. Ezell, Mr. Wittman, Mr. Deluzio, Mr. Cole, Mr. Kustoff, Mr. Baird, Mr. Jackson of Texas, Mr. LaLota, Mr. Carter of Louisiana, Mr. Collins, Mr. Balderson, Mr. Bilirakis, Mrs. Fischbach, Mr. Ciscomani, and Mr. Owens) introduced the following bill; which was referred to the Committee on Education and WorkforceA BILLTo restore the exemption of family farms and small businesses from the definition of assets under title IV of the Higher Education Act of 1965.1.Short titleThis Act may be cited as the Family Farm and Small Business Exemption Act.2.Exempting family farms and small businesses from assets under the Higher Education Act of 1965(a)In generalSection 480(f)(2) of the Higher Education Act of 1965 (20 U.S.C. 1087vv) is amended—(1)by striking net value of the and inserting the following: net value of—(A)the;(2)by striking the period at the end and inserting a semicolon; and(3)by adding at the end the following:(B)a family farm on which the family resides; or(C)a small business with not more than 100 full-time or full-time equivalent employees (or any part of such a small business) that is owned and controlled by the family..(b)ApplicabilityThe amendments made by subsection (a) shall apply to need analysis conducted under part F of title IV of the Higher Education Act of 1965 (20 U.S.C. 1087kk et seq.) for award years beginning on or after the date of the enactment of this Act.
The bill's own words, from our database (synced from the GPO BILLS XML); paragraph breaks added at the bill's section boundaries, nothing else changed.
| Date | Chamber | All Actions |
|---|---|---|
| 02/07/2025 | Library of Congress | Introduced in House |
| 02/07/2025 | Library of Congress | Introduced in House |
| 02/07/2025 | House floor actions | Referred to the House Committee on Education and Workforce. |
| Title Type | Title |
|---|---|
| Display Title | Family Farm and Small Business Exemption Act |
| Short Title(s) as Introduced | Family Farm and Small Business Exemption Act |
| Official Title as Introduced | To restore the exemption of family farms and small businesses from the definition of assets under title IV of the Higher Education Act of 1965. |
There are no amendments to this bill.
* = Original cosponsor
| Committee | Activity |
|---|---|
| House - Education and Workforce Committee | 02/07/2025 Referred To |
Policy Area: Education
All data on this page comes from our own database (legislation.congress_* tables), synced daily from the GPO govinfo BILLSTATUS and BILLS collections. Formatted after congress.gov; nothing is generated. Member placement is their DW-NOMINATE score (voteview.com, Lewis et al.) - a measurement of roll-call voting behavior, not our judgement. Buckets: Left below −0.50 · Lean Left to −0.25 · Center to +0.25 · Lean Right to +0.50 · Right above +0.50. The bill's Support meter aggregates the people who signed the bill - sponsor and current cosponsors, each counted once - nothing else.