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Bill114th CongressFiled Jun 2, 2015Commerce
H.R. 2604

Need-Based Educational Aid Act of 2015

Bill journey · stage 2 of 5

Under committee review

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What it doesSummary reported to house without amendment (Jul 23, 2015)

(This measure has not been amended since it was introduced. The summary has been expanded because action occurred on the measure.)

Need-Based Educational Aid Act of 2015

(Sec. 2)This bill amends the Improving America's Schools Act of 1994 to extend through FY2022 the antitrust exemption that allows institutions of higher education that admit all students on a need-blind basis to enter or attempt to enter into agreements among themselves regarding the administration of need-based financial aid.

The bill also, however, repeals the permission for these institutions to exchange through an independent third party, before awarding financial aid to any of the students, data submitted by the student, his or her family, or a financial institution on their behalf relating to assets, liabilities, income, expenses, the number of family members, and the number of the student's siblings in college, if each of the institutions is permitted to retrieve the data only once with respect to the student.

What just happenedJul 23, 2015

Placed on the Union Calendar, Calendar No. 169.

Who’s behind it

Rep. Smith, Lamar [R-TX-21](R-TX)Sponsor
2 cosponsors2 D
Read on Congress.gov
2cosponsors1committees10actions1related bills4subjects
  1. Jul 23, 2015CalendarsH12410

    Placed on the Union Calendar, Calendar No. 169.

  2. Jul 23, 2015CommitteeH12200

    Reported by the Committee on Judiciary. H. Rept. 114-224.

    Judiciary Committee
  3. Jul 23, 2015Committee5000

    Reported by the Committee on Judiciary. H. Rept. 114-224.

    Judiciary Committee
  4. Jul 8, 2015Committee

    Ordered to be Reported by Voice Vote.

    Judiciary Committee
  5. Jul 8, 2015Committee

    Committee Consideration and Mark-up Session Held.

    Judiciary Committee
  6. Jul 7, 2015Committee

    Subcommittee on Regulatory Reform, Commercial And Antitrust Law Discharged.

    Judiciary Committee
  7. Jun 16, 2015Committee

    Referred to the Subcommittee on Regulatory Reform, Commercial And Antitrust Law.

    Administrative State, Regulatory Reform, and Antitrust Subcommittee
  8. Jun 2, 2015IntroReferralH11100

    Referred to the House Committee on the Judiciary.

    Judiciary Committee
  9. Jun 2, 2015IntroReferralIntro-H

    Introduced in House

  10. Jun 2, 2015IntroReferral1000

    Introduced in House

Reported to House without amendmentJul 23, 201579

(This measure has not been amended since it was introduced. The summary has been expanded because action occurred on the measure.)

Need-Based Educational Aid Act of 2015

(Sec. 2)This bill amends the Improving America's Schools Act of 1994 to extend through FY2022 the antitrust exemption that allows institutions of higher education that admit all students on a need-blind basis to enter or attempt to enter into agreements among themselves regarding the administration of need-based financial aid.

The bill also, however, repeals the permission for these institutions to exchange through an independent third party, before awarding financial aid to any of the students, data submitted by the student, his or her family, or a financial institution on their behalf relating to assets, liabilities, income, expenses, the number of family members, and the number of the student's siblings in college, if each of the institutions is permitted to retrieve the data only once with respect to the student.

Introduced in HouseJun 2, 2015

Need-Based Educational Aid Act of 2015

This bill amends the Improving America's Schools Act of 1994 to extend through FY2022 the antitrust exemption that allows institutions of higher education that admit all students on a need-blind basis to enter or attempt to enter into agreements among themselves regarding the administration of need-based financial aid.

The bill also, however, repeals the permission for these institutions to exchange through an independent third party, before awarding financial aid to any of the students, data submitted by the student, his or her family, or a financial institution on their behalf relating to assets, liabilities, income, expenses, the number of family members, and the number of the student's siblings in college, if each of the institutions is permitted to retrieve the data only once with respect to the student.

Need-Based Educational Aid Act of 2015 — Informed