A SMART Act
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
This bill, A SMART Act, changes federal law or congressional policy affecting financial institutions, investors, and borrowers. The main policy domain is Finance, Government Operations, Education.
Who Benefits and How
financial institutions, investors, and borrowers may benefit from new authority, funding, eligibility, regulatory clarity, or reduced risk created by the bill.
Who Bears the Burden and How
federal implementing agencies, financial institutions, investors, and borrowers may take on implementation duties, reporting obligations, compliance costs, or oversight responsibilities.
Key Provisions
- Section S1: 1. Short title This Act may be cited as the AmeriCorps Service Modernization and Accountability Reform for Trust Act or the A SMART Act.
- Section id871e7b8ff28a47008fa17141b87d2afc: 2. Table of contents The table of contents for this Act is as follows:
- Section ida44298ed7bf049988b491fc8604dee37: 101. Expansion of national service positions with shorter periods of service Section 139(b) of the National and Community Service Act of 1990 (42 U.S.C....
- Section idbf3a373e4e7e40289b8871bab2f441c3: 102. National Civilian Community Corps term extension authority Section 139(b)(4)(A) of the National and Community Service Act of 1990 (42 U.S.C....
- Section idd8409c041dc646848cb81cf480207bc7: 103. Increased age eligibility range for the National Civilian Community Corps Section 153(b)(1) of the National and Community Service Act of 1990 (42 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.
At a Glance
What This Bill Does
This bill, A SMART Act, changes federal law or congressional policy affecting financial institutions, investors, and borrowers.
Key Policy Areas
Finance, Government Operations, Education
Primary Purpose
This bill, A SMART Act, changes federal law or congressional policy affecting financial institutions, investors, and borrowers.
Policy Domains
Whole bill
Identified Gains
Contextual inference, no direct clause citation- financial institutions, investors, and borrowers
Contextual inference, no direct clause citation
Identified Costs
Contextual inference, no direct clause citation- federal implementing agencies
- financial institutions, investors, and borrowers
Contextual inference, no direct clause citation
Sponsors
Legislative Progress
In CommitteeRead twice and referred to the Committee on Health, Education, …
Introduced in Senate
Mr. Cassidy (for himself and Mr. Tuberville) introduced the following …
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?
- "the_commission"
- → The commission identified in the operative section
Key Definitions
Terms defined in this bill
a program that— meets the requirements of section 484(d)(2) of the Higher Education Act of 1965 (20 U.S.C. 1091(d)(2))
We use a combination of our own taxonomy and classification in addition to large language models to assess meaning and potential beneficiaries. High confidence means strong textual evidence. Always verify with the original bill text.
Learn more about our methodology