Faster Access to Federal Student Aid Act of 2018

Summary

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.

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Timeline

1. 13 November 2018

   Introduced

   Read twice and referred to the Committee on Finance.

   Source: IntroReferral

2. 13 November 2018

   Introduced

   Introduced in Senate

   Source: IntroReferral

3. 20 December 2018

   Floor

   Held at the desk.

   Source: Floor

4. 20 December 2018

   Passed

   Passed Senate without amendment by Unanimous Consent.

   Source: Floor

5. 20 December 2018

   Floor

   Received in the House.

   Source: Floor

6. 20 December 2018

   Passed

   Passed/agreed to in Senate: Passed Senate without amendment by Unanimous Consent.

   Source: Floor

7. 20 December 2018

   Discharge

   Senate Committee on Finance discharged by Unanimous Consent.

   Source: Discharge

8. 20 December 2018

   Committee

   Senate Committee on Finance discharged by Unanimous Consent.

   Source: Committee

Votes

No vote records are attached yet.

Versions

• Engrossed in Senate · 20 December 2018 · Download file
• Introduced in Senate · 13 November 2018 · Download file

Documents

5 official files

• Engrossed in Senate (text)

  Engrossed in Senate · EN · 20 December 2018

  ViewDownloadOpen at official source

• Engrossed in Senate (PDF)

  Engrossed in Senate · EN · 20 December 2018

  ViewDownloadOpen at official source

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• Introduced in Senate (text)

  Introduced in Senate · EN · 13 November 2018

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• Introduced in Senate (PDF)

  Introduced in Senate · EN · 13 November 2018

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  Vertaal document

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• Introduced in Senate

  summary · EN · 13 November 2018

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  Vertaal document

  Documentvertaling op verzoek met downloadbare PDF (logo + link naar de officiële bron). Het bronbestand blijft leidend.

Sponsors

• Sen. Alexander, Lamar [R-TN] · R · Sponsor
• Sen. Whitehouse, Sheldon [D-RI] · D · Sponsor
• Sen. Murray, Patty [D-WA] · D · Sponsor
• Sen. Gardner, Cory [R-CO] · R · Sponsor
• Sen. Collins, Susan M. [R-ME] · R · Cosponsor
• Sen. King, Angus S., Jr. [I-ME] · I · Cosponsor
• Sen. Cornyn, John [R-TX] · R · Cosponsor
• Sen. Stabenow, Debbie [D-MI] · D · Cosponsor
• Sen. Tillis, Thomas [R-NC] · R · Cosponsor
• Sen. Hassan, Margaret Wood [D-NH] · D · Cosponsor
• · ssfi00 · Standing

Related records

• related to ← Faster Access to Federal Student Aid Act of 2018