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S 469119th CongressIntroduced
Family Farm and Small Business Exemption Act
Introduced: Oct 29, 2025
Agriculture & FoodEconomy & TaxesEducation
Standard Summary
Comprehensive overview in 1-2 paragraphs
The Family Farm and Small Business Exemption Act amends the Higher Education Act of 1965 to exclude family farms and small businesses from asset calculations in federal student aid eligibility assessments, aiming to increase access to financial aid for affected families.
Key Points
- 1Exempts family farms where the family resides from asset considerations in student aid.
- 2Excludes small businesses with 100 or fewer employees from asset evaluations.
- 3Applies to financial aid assessments for award years starting after enactment.
Impact Areas
Students from family farm householdsFamilies owning small businessesFederal financial aid eligibility criteriaHigher Education Act implementation
Generated by legislative_analytics_v1 on Nov 10, 2025