Degrees Not Debt Act of 2019
Bill journey · stage 2 of 5
Under committee review
What it doesSummary introduced in house (Oct 11, 2019)
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).
What just happenedOct 11, 2019
Referred to the Committee on Education and Labor, and in addition to the Committee on Ways and Means, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.
Who’s behind it
- Introduced in HouseOct 11, 2019
- Oct 11, 2019IntroReferralH11100
Referred to the Committee on Education and Labor, and in addition to the Committee on Ways and Means, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.
Ways and Means Committee - Oct 11, 2019IntroReferralH11100
Referred to the Committee on Education and Labor, and in addition to the Committee on Ways and Means, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.
Education and the Workforce Committee - Oct 11, 2019IntroReferralIntro-H
Introduced in House
- Oct 11, 2019IntroReferral1000
Introduced in House