Bills · S 469
IN COMMITTEE· 119TH CONGRESS
Senate BillS 469Rural conditions and developmentStudent aid and college costs
Family Farm and Small Business Exemption Act
INTRO FEB 6· LAST ACTION FEB 6
READING
2MIN
COSPONSORS
13
READER REACTIONS0 TOTAL
NO VOTES YET · BE THE FIRST
- Introduced only
LEGISLATIVE PROGRESS
STEP 2 / 8Introduced
In Committee
Reported
Passed Senate
Passed House
Conference
To President
Became Law
WHAT THE BILL DOES
AI-writtenThis bill matters because it addresses college affordability for a specific segment of the population: families who derive their livelihood from farms and small businesses. Often, the value of these assets doesn't reflect a family's ability to pay cash for college tuition, as the wealth is not easily accessible. Counting these assets can significantly reduce a student's eligibility for federal financial aid, forcing families to take on more debt or even deterring students from pursuing higher education.
If this bill becomes law, it could alleviate financial pressure on these families, making it easier for their children to attend college without selling off parts of their farm or business. If it doesn't pass, these families would continue to have the value of their farms and businesses factored into financial aid calculations, potentially limiting their access to federal assistance and increasing their overall college costs.
KEY PROVISIONS
3AI-extractedPROVISION 01
Exempts family farms from being counted as assets for federal financial aid calculations.
This provision helps students from farming families qualify for more financial aid by not penalizing them for wealth tied up in their primary residence and livelihood.
PROVISION 02
Exempts family-owned and controlled small businesses (up to 100 employees) from being counted as assets.
This provision supports small business owners by ensuring their business assets do not reduce their children's eligibility for federal college funding.
PROVISION 03
Applies these exemptions to financial need analysis for federal student aid.
This ensures that the changes directly impact how much federal grants, loans, and other aid students from these families can receive.
SPONSORSHIP
1 + 13
R· Iowa
YRS IN OFFICE
11
BILLS LED
99
COSPONSOR BREAKDOWNBIPARTISAN · 30%
DEM 2 REP 11 IND 0
ACTION TIMELINE
2 EVENTSFEB 6
Introduced in Senate
FEB 6
Read twice and referred to the Committee on Health, Education, Labor, and Pensions.
BILL INFO
TypeSenate Bill
NumberS 469
Congress119th
StatusIn Committee
IntroducedFeb 6, 2025
Last actionFeb 6, 2025
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IN COMMITTEE· 119TH CONGRESS · HEALTH, EDUCATION, LABOR, AND PENSIONS COMMITTEE · INTRODUCED FEB 6, 2025
Senate BillS 469Rural conditions and developmentStudent aid and college costs
Family Farm and Small Business Exemption Act
INTRODUCED FEB 6, 2025· LAST ACTION FEB 6, 2025
PASSAGE CHANCES
—%
READING
2 min
COSPONSORS
13
COMPLEXITY
Moderate
