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HR 7386 115th Congress House

Faster Access to Federal Student Aid Act of 2018

Official title: To amend the Internal Revenue Code of 1986 and the Higher Education Act of 1965 to facilitate the disclosure of tax return information to carry out the Higher … Show full official titleShow less

Official title: To amend the Internal Revenue Code of 1986 and the Higher Education Act of 1965 to facilitate the disclosure of tax return information to carry out the Higher Education Act of 1965, and for other purposes.

Introduced: December 20, 2018 Introduced by: Walberg, Tim Republican · Michigan See on congress.gov
Taxation Census and government statisticsCongressional oversightGovernment information and archivesGovernment lending and loan guarantees
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Higher educationStudent aid and college costsStudent recordsTax administration and collection, taxpayers
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This bill died when the 115th Congress ended
It never became law before the 115th Congress (2017–2018) adjourned, and bills don't carry over to the next Congress. It would have to be reintroduced. You can still save it for reference, but it won't receive updates.
 Everywhere this bill has been 2 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Dec 20, 2018
Referred to the Committee on Ways and Means, and in addition to the Committee on Education and the Workforce, 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.
Dec 20, 2018
Introduced in House
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 Latest action December 20, 2018

Referred to the Committee on Ways and Means, and in addition to the Committee on Education and the Workforce, 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.

 Plain-English summary Congressional Research Service

Faster Access to Federal Student Aid Act of 2018

This bill requires the Internal Revenue Service (IRS) to disclose certain tax return information to the Department of Education (ED) for the purpose of administering financial aid and loan programs under the Higher Education Act of 1965. (Under current law, students must obtain their own tax return information from the IRS and submit it to ED.)

Upon receiving a request from ED, the IRS must disclose specified tax return information to ED for the purposes of

  • establishing, renewing, administering, and conducting analyses and forecasts for estimating costs related to income-contingent or income-based repayment programs;
  • the discharge of loans based on a total and permanent disability;
  • determining the eligibility for, and the amount of, federal student financial aid; and
  • conducting analyses and forecasts for estimating costs related to federal student financial aid programs.

ED may only use the disclosed information for the purposes above and for mitigating risks related to the programs. Mitigating risks includes activities related to analyzing or estimating costs, conducting oversight, developing statistics, and reducing improper payments. It does not include conducting criminal investigations or prosecutions.

With the consent of the taxpayer, ED may disclose the return information to certain institutions of higher education, state higher education agencies, and scholarship organizations solely for the use in financial aid programs.

The bill also specifies notification and reporting requirements related to the disclosures and the implementation of this bill.

 Related & companion bills 1
  • S 3611 Identical bill Faster Access to Federal Student Aid Act of 2018
 Bill text 1 version

Source documents hosted by congress.gov.

 Committees of jurisdiction 2
 Cosponsors 1
All 1 Democratic 1
D
DelBene, Suzan K.
Washington · Dec 20, 2018
Cite this page click to expand
APA
U.S. Congress. (2026). H.R. 7386: Faster Access to Federal Student Aid Act of 2018. 115th Congress. Open America. https://openamerica.io/bill/115-HR-7386/
MLA
"H.R. 7386: Faster Access to Federal Student Aid Act of 2018." 115th Congress, 2026, Open America, https://openamerica.io/bill/115-HR-7386/.
Bluebook (legal)
H.R. 7386, 115th Cong. (2026), https://openamerica.io/bill/115-HR-7386/.
Markdown link
[H.R. 7386: Faster Access to Federal Student Aid Act of 2018](https://openamerica.io/bill/115-HR-7386/)
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