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Bill · HR

H.R. 1131 (119th)

Family Farm and Small Business Exemption Act

Original

referredUnited States· United States Congress· EN

Introduced

7 February 2025

Last action

7 February 2025 · Introduced

Status

Referred to the House Committee on Education and Workforce.

Sponsors

Rep. Mann, Tracey [R-KS-1], Jimmy Panetta, Glenn Thompson, Angie Craig, Donald Davis, Rep. Meuser, Daniel [R-PA-9], Rep. Ellzey, Jake [R-TX-6], Rep. Hageman, Harriet M. [R-WY-At Large], Eric Sorensen, Rep. Finstad, Brad [R-MN-1], Rep. Fleischmann, Charles J. "Chuck" [R-TN-3], Sam Graves, Rep. Cline, Ben [R-VA-6], Ashley Hinson, Rep. Bost, Mike [R-IL-12], Jim Costa, Rep. Tenney, Claudia [R-NY-24], Rep. Scott, Austin [R-GA-8], Scott DesJarlais, Rep. Edwards, Chuck [R-NC-11], Rep. Grothman, Glenn [R-WI-6], Celeste Maloy, Jill Tokuda, Jack Bergman, Rep. Van Orden, Derrick [R-WI-3], Rep. Franklin, Scott [R-FL-18], Rep. Zinke, Ryan K. [R-MT-1], Adrian Smith, Rep. Schmidt, Derek [R-KS-2], John Moolenaar, Rep. Smith, Jason [R-MO-8], Marie Perez, David Rouzer, Rep. Miller, Mary E. [R-IL-15], Darin LaHood, Rep. Messmer, Mark [R-IN-8], Pat Fallon, Rep. Bacon, Don [R-NE-2], Rep. Webster, Daniel [R-FL-11], Rep. Nunn, Zachary [R-IA-3], Rep. Fitzgerald, Scott [R-WI-5], Rep. Newhouse, Dan [R-WA-4], David Valadao, Rep. Guest, Michael [R-MS-3], Rep. Self, Keith [R-TX-3], Rep. Hudson, Richard [R-NC-9], Vince Fong, Rep. Downing, Troy [R-MT-2], Mariannette Miller-Meeks, Barry Moore, Gabe Evans, Rep. Feenstra, Randy [R-IA-4], Kristen McDonald Rivet, Mike Flood, Rep. Lawler, Michael [R-NY-17], Rep. Fitzpatrick, Brian K. [R-PA-1], Hillary Scholten, John Joyce, Frank Lucas, Rep. McCaul, Michael T. [R-TX-10], Mike Kelly, Andrea Salinas, Doug LaMalfa, Gilbert Cisneros, Rep. Kelly, Trent [R-MS-1], Rep. Ezell, Mike [R-MS-4], Rep. Wittman, Robert J. [R-VA-1], Christopher Deluzio, Tom Cole, Rep. Kustoff, David [R-TN-8], James Baird, Ronny Jackson, Rep. LaLota, Nick [R-NY-1], Troy Carter, Mike Collins, Troy Balderson, Rep. Bilirakis, Gus M. [R-FL-12], Rep. Fischbach, Michelle [R-MN-7], Rep. Ciscomani, Juan [R-AZ-6], Rep. Owens, Burgess [R-UT-4], Rep. Rose, John W. [R-TN-6], Sharice Davids, Julie Fedorchak, Tom Barrett, Tim Moore, Salud Carbajal, Julia Letlow, Josh Harder, Rep. Vindman, Eugene Simon [D-VA-7], Nikki Budzinski

Subjects

Education

Source updated

3 August 2026

Education

Official sourceDownload fileView documentsShare

Summary

Family Farm and Small Business Exemption Act This bill restores an exemption for certain family farms and small businesses on the Free Application for Federal Student Aid (FAFSA) form. The bill applies to the net worth of (1) a family farm on which the family resides, or (2) a small business with not more than 100 full-time or full-time equivalent employees that is owned and controlled by the family. Prior to recent changes made to the FAFSA, the net worth of these family farms and small businesses were excluded as assets when calculating a student's financial need to determine federal student aid eligibility. Beginning with the 2024-2025 academic year, the net worth of these farms and businesses are treated as an asset and therefore included in the calculation. This bill restores the exemption to exclude such net worth from the calculation.

This text is taken from the official record. PoliticalRepo does not editorialize.

Timeline

  1. 7 February 2025

    Introduced

    Referred to the House Committee on Education and Workforce.

    Source: IntroReferral

  2. 7 February 2025

    Introduced

    Introduced in House

    Source: IntroReferral

  3. 7 February 2025

    Introduced

    Introduced in House

    Source: IntroReferral

Votes

No vote records are attached yet.

Versions

No version snapshots stored. Document URLs remain at the source.

Documents

2 official files

Sponsors

Related records

Sources

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Family Farm and Small Business Exemption Act — United States — PoliticalRepo