Family Farm and Small Business Exemption Act
Sponsored By: Representative Mann
Introduced
Summary
Exempts family farms and small family-owned businesses from federal student aid asset calculations. The bill would change the Title IV "net value" test so a family farm where the family lives and a family-owned small business with up to 100 full-time or full-time-equivalent employees would not be counted as assets in need analysis for award years beginning after enactment. That change would increase calculated financial need for students from those families.
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Bill Overview
Analyzed Economic Effects
1 provisions identified: 1 benefits, 0 costs, 0 mixed.
College aid: exclude family farm and business
If enacted, federal student aid asset tests would not count the net value of a family farm you live on. They would also not count the net value of a small business you own and control, if it has 100 or fewer full-time or full-time-equivalent employees. This would apply to need analysis for award years beginning on or after the date of enactment. For eligible families, this could increase need-based aid.
Sponsors & CoSponsors
Sponsor
Mann
KS • R
Cosponsors
Panetta
CA • D
Sponsored 2/7/2025
Thompson (PA)
PA • R
Sponsored 2/7/2025
Craig
MN • D
Sponsored 2/7/2025
Davis (NC)
NC • D
Sponsored 2/7/2025
Meuser
PA • R
Sponsored 2/7/2025
Ellzey
TX • R
Sponsored 2/7/2025
Hageman
WY • R
Sponsored 2/7/2025
Sorensen
IL • D
Sponsored 2/7/2025
Finstad
MN • R
Sponsored 2/7/2025
Fleischmann
TN • R
Sponsored 2/7/2025
Graves
MO • R
Sponsored 2/7/2025
Cline
VA • R
Sponsored 2/7/2025
Hinson
IA • R
Sponsored 2/7/2025
Bost
IL • R
Sponsored 2/7/2025
Costa
CA • D
Sponsored 2/7/2025
Tenney
NY • R
Sponsored 2/7/2025
Scott, Austin
GA • R
Sponsored 2/7/2025
DesJarlais
TN • R
Sponsored 2/7/2025
Edwards
NC • R
Sponsored 2/7/2025
Grothman
WI • R
Sponsored 2/7/2025
Maloy
UT • R
Sponsored 2/7/2025
Tokuda
HI • D
Sponsored 2/7/2025
Bergman
MI • R
Sponsored 2/7/2025
Van Orden
WI • R
Sponsored 2/7/2025
Franklin, Scott
FL • R
Sponsored 2/7/2025
Zinke
MT • R
Sponsored 2/7/2025
Smith (NE)
NE • R
Sponsored 2/7/2025
Schmidt
KS • R
Sponsored 2/7/2025
Moolenaar
MI • R
Sponsored 2/7/2025
Smith (MO)
MO • R
Sponsored 2/7/2025
Perez
WA • D
Sponsored 2/7/2025
Rouzer
NC • R
Sponsored 2/7/2025
Miller (IL)
IL • R
Sponsored 2/7/2025
LaHood
IL • R
Sponsored 2/7/2025
Messmer
IN • R
Sponsored 2/7/2025
Fallon
TX • R
Sponsored 2/7/2025
Bacon
NE • R
Sponsored 2/7/2025
Webster (FL)
FL • R
Sponsored 2/7/2025
Nunn (IA)
IA • R
Sponsored 2/7/2025
Fitzgerald
WI • R
Sponsored 2/7/2025
Newhouse
WA • R
Sponsored 2/7/2025
Valadao
CA • R
Sponsored 2/7/2025
Guest
MS • R
Sponsored 2/7/2025
Self
TX • R
Sponsored 2/7/2025
Hudson
NC • R
Sponsored 2/7/2025
Fong
CA • R
Sponsored 2/7/2025
Downing
MT • R
Sponsored 2/7/2025
Miller-Meeks
IA • R
Sponsored 2/7/2025
Moore (AL)
AL • R
Sponsored 2/7/2025
Evans (CO)
CO • R
Sponsored 2/7/2025
Feenstra
IA • R
Sponsored 2/7/2025
McDonald Rivet
MI • D
Sponsored 2/7/2025
Flood
NE • R
Sponsored 2/7/2025
Lawler
NY • R
Sponsored 2/7/2025
Fitzpatrick
PA • R
Sponsored 2/7/2025
Scholten
MI • D
Sponsored 2/7/2025
Joyce (PA)
PA • R
Sponsored 2/7/2025
Lucas
OK • R
Sponsored 2/7/2025
McCaul
TX • R
Sponsored 2/7/2025
Kelly (PA)
PA • R
Sponsored 2/7/2025
Salinas
OR • D
Sponsored 2/7/2025
LaMalfa
CA • R
Sponsored 2/7/2025
Cisneros
CA • D
Sponsored 2/7/2025
Kelly (MS)
MS • R
Sponsored 2/7/2025
Ezell
MS • R
Sponsored 2/7/2025
Wittman
VA • R
Sponsored 2/7/2025
Deluzio
PA • D
Sponsored 2/7/2025
Cole
OK • R
Sponsored 2/7/2025
Kustoff
TN • R
Sponsored 2/7/2025
Baird
IN • R
Sponsored 2/7/2025
Jackson (TX)
TX • R
Sponsored 2/7/2025
LaLota
NY • R
Sponsored 2/7/2025
Carter (LA)
LA • D
Sponsored 2/7/2025
Collins
GA • R
Sponsored 2/7/2025
Balderson
OH • R
Sponsored 2/7/2025
Bilirakis
FL • R
Sponsored 2/7/2025
Fischbach
MN • R
Sponsored 2/7/2025
Ciscomani
AZ • R
Sponsored 2/7/2025
Owens
UT • R
Sponsored 2/7/2025
Rose
TN • R
Sponsored 2/10/2025
Davids (KS)
KS • D
Sponsored 2/11/2025
Fedorchak
ND • R
Sponsored 2/11/2025
Barrett
MI • R
Sponsored 2/13/2025
Moore (NC)
NC • R
Sponsored 2/26/2025
Carbajal
CA • D
Sponsored 3/18/2025
Letlow
LA • R
Sponsored 3/31/2025
Harder (CA)
CA • D
Sponsored 7/10/2025
Vindman
VA • D
Sponsored 9/9/2025
Roll Call Votes
No roll call votes available for this bill.
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