Higher Education Affordability and Fairness Act

Summary

Higher Education Affordability and Fairness Act - Amends the Internal Revenue Code to allow a limited tax deduction for qualified higher education tuition and related expenses. Provides that the increase in the Lifetime Learning Credit to 20 percent of $10,000 of tuition from $5,000 of tuition shall be effective starting in 2002 rather than 2003. Directs the Comptroller General of the United States to conduct an annual study to examine whether the Federal income tax incentives to provide education assistance affect higher education tuition rates in order to identify if institutions of higher education are absorbing the intended savings by raising tuition rates. Expresses the sense of the House of Representatives that the maximum Pell Grant should be increased to $4,700 to pay approximately: (1) 20 percent of the tuition, fees, room and board, and other expenses of the average college; or (2) the tuition and fees of the average public college.

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Timeline

1. 9 May 2001

   Introduced

   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.

   Source: IntroReferral

2. 9 May 2001

   Introduced

   Introduced in House

   Source: IntroReferral

3. 9 May 2001

   Introduced

   Introduced in House

   Source: IntroReferral

4. 9 May 2001

   Introduced

   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.

   Source: IntroReferral

5. 10 May 2001

   Introduced

   Sponsor introductory remarks on measure. (CR E766)

   Source: IntroReferral

6. 16 July 2001

   Referred

   Referred to the Subcommittee on 21st Century Competitiveness.

   Source: Committee

Votes

No vote records are attached yet.

Versions

• Introduced in House · 9 May 2001 · Official file

Documents

3 official files

• Introduced in House (text)

  Introduced in House · EN · 9 May 2001

  ViewDownloadOpen at official source

• Introduced in House (PDF)

  Introduced in House · EN · 9 May 2001

  ViewDownloadOpen at official source

• Introduced in House

  summary · EN · 9 May 2001

  Open at official source

Sponsors

• Rep. Holt, Rush [D-NJ-12] · D · Sponsor
• · hsed00 · Standing
• · hswm00 · Standing

Related records

• related to ← Higher Education Affordability and Fairness Act