S 3018
115th Congress
Senate
Education
Administrative remedies
Government lending and loan guarantees
Higher education
Performance measurement
Student aid and college costs
Degrees Not Debt Act of 2018
Introduced: June 6, 2018
Introduced by:
Heinrich, Martin
Democratic
· New Mexico
See on congress.gov
Everywhere this bill has been
2 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Jun 6, 2018
Read twice and referred to the Committee on Finance.
Jun 6, 2018
Introduced in Senate
Plain-English summary
Degrees Not Debt Act of 2018
This bill repeals the alternative minimum tax exemption and the increased estate and gift tax exemption provided in 2017, uses the tax revenue to increase need-based federal student aid provided to students of institutions of higher education (IHEs), eliminates Pell Grant funding for institutions of higher education in states that do not maintain their funding levels for IHEs, and requires IHEs to disclose performance indicators (e.g., graduation rates and employments outcomes).
What's happening now
Read twice and referred to the Committee on Finance.
Committees of jurisdiction
1