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.
Analysis under review: This bill has generated analysis that may be too generic or incomplete. Clause-level evidence remains available below.
Summary
What This Bill Does
The bill exempts short title This Act may be cited as the Family Farm and Small Business Exemption Act and requires exempting family farms and small businesses from assets under the Higher Education Act of 1965 Section 480(f)(2) of the Higher Education Act of 1965 (20 U.S.C. It relies on exemptions, definition changes, and compliance mandates. The main policy areas are Education, Agriculture, and Finance.
Who Benefits and How
Educational institutions and students affected by the bill could face lower compliance burdens, Businesses and employers affected by the bill could face lower compliance burdens, and Agricultural producers and rural communities affected by the bill could face lower compliance burdens.
Who Bears the Burden and How
Federal, state, or local agencies responsible for implementing the clause would take on compliance duties and Public beneficiaries or protected communities affected by the clause could face increased risk.
Key Provisions
- Exempts short title This Act may be cited as the Family Farm and Small Business Exemption Act.
- Requires exempting family farms and small businesses from assets under the Higher Education Act of 1965 Section 480(f)(2) of the Higher Education Act of 1965 (20 U.S.C.
Evidence Chain:
This summary is generated from the full bill text using AI analysis. Expand "Detailed Analysis" below for identified beneficiaries/burden bearers with clause-level evidence links.
At a Glance
What This Bill Does
The bill exempts short title This Act may be cited as the Family Farm and Small Business Exemption Act and requires exempting family farms and small businesses from assets under the Higher Education Act of 1965 Section 480(f)(2) of the Higher Education Act of 1965 (20 U.S.C.
Key Policy Areas
Education, Agriculture, Finance
Primary Purpose
The bill exempts short title This Act may be cited as the Family Farm and Small Business Exemption Act and requires exempting family farms and small businesses from assets under the Higher Education Act of 1965 Section 480(f)(2) of the Higher Education Act of 1965 (20 U.S.C.
Policy Domains
Whole bill
Identified Gains
- Educational institutions and students affected by the bill
- Businesses and employers affected by the bill
- Agricultural producers and rural communities affected by the bill
Identified Costs
- Federal, state, or local agencies responsible for implementing the clause
- Public beneficiaries or protected communities affected by the clause
Sponsors
Legislative Progress
IntroducedMr. Mann (for himself, Mr. Panetta, Mr. Davis of North …
Impact analysis is available but no clear stakeholder effects identified. View clause-level analysis →
Bill Structure & Actor Mappings
Who is "The Secretary" in each section?
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