Signed by President Joe Biden, Jr.

Vote Smart's Synopsis:

Vote to pass a bill that appropriates emergency funding for federal agencies, modifies the requirements for determining eligibility for federal student aid, and provides additional funding for Federal Pell Grants, and specifies that this bill is a continuing resolution (CR) and prevents a government shutdown that would otherwise occur if the FY2024 appropriations bills have not been enacted when the existing CR expires.

Highlights:

• Appropriates emergency funding for federal agencies, modifies the requirements for determining eligibility for federal student aid, and provide additional funding for Federal Pell Grants (Div. B, Sec. 3).

• Specifies that this bill is known as a continuing resolution (CR) and prevents a government shutdown that would otherwise occur if the FY2024 appropriations bills have not been enacted when the existing CR expires (Div. B, Sec. 3).

• Authorizes that this CR shall provide funding through March 8, 2024, for agencies and programs that were funded in the following 4 Fiscal Year 2023 appropriation acts, including (Div. B, Sec. 3):

• The Agriculture, Rural Development, Food and Drug Adminstration, and Related Agencies Appropriations Act, 2023;

• The Energy and Water Development and Related Agencies Appropriatins Act, 2023;

• The Military Construction, Veterans Affairs, and Related Appropriations Act, 2023; and

• The Transportation, Housing and Urban Development, and Related Agencies Approprations Act, 2023.

• Specifies that for most other federal agecies and programs the CR shall provide funding through March 22, 2024 (Div. B, Sec. 3).

• Establishes that the CR generally provides funding for most programs at the Fiscal Year 2023 levels but authrorizes several exceptions that provide funding flexibility and additional appropriations for various programs (Div. B, Sec. 3).

• Amends and revises the computation of the student aid index (SAI) for dependent students, which is used to determine eligibility for federal student aid (Div. B, Sec. 3).

• Specifies that the SAI for a dependent student shall be calculated using the Free Application for Federal Student Aid (FAFSA) data for students and their parents (Div. B, Sec. 3).

• Specifies that the FAFSA processing system calculates the parents contribution from income and assets, the students contribution from income, and the student’s contribution from assets, and that the SAI is a combination of these 3 assets (Div. B, Sec. 3).

• Specifies that a students available income shall not be less than -$1,500 for award year 2024-2025 and not less than $0 for an award year 2025-2026 and each succeeding award year (Div. B, Sec. 3).

• Authorizes additional funds for Federal Pell Grants for Fiscal Year 2025 and each succeeding year (Div. B, Sec. 3).

Full Bill Text

Vote Smart's Synopsis:

Vote to pass a bill that appropriates emergency funding for federal agencies, modifies the requirements for determining eligibility for federal student aid, and provides additional funding for Federal Pell Grants, and specifies that this bill is a continuing resolution (CR) and prevents a government shutdown that would otherwise occur if the FY2024 appropriations bills have not been enacted when the existing CR expires.

Highlights:

• Appropriates emergency funding for federal agencies, modifies the requirements for determining eligibility for federal student aid, and provide additional funding for Federal Pell Grants (Div. B, Sec. 3).

• Specifies that this bill is known as a continuing resolution (CR) and prevents a government shutdown that would otherwise occur if the FY2024 appropriations bills have not been enacted when the existing CR expires (Div. B, Sec. 3).

• Authorizes that this CR shall provide funding through March 8, 2024, for agencies and programs that were funded in the following 4 Fiscal Year 2023 appropriation acts, including (Div. B, Sec. 3):

• The Agriculture, Rural Development, Food and Drug Adminstration, and Related Agencies Appropriations Act, 2023;

• The Energy and Water Development and Related Agencies Appropriatins Act, 2023;

• The Military Construction, Veterans Affairs, and Related Appropriations Act, 2023; and

• The Transportation, Housing and Urban Development, and Related Agencies Approprations Act, 2023.

• Specifies that for most other federal agecies and programs the CR shall provide funding through March 22, 2024 (Div. B, Sec. 3).

• Establishes that the CR generally provides funding for most programs at the Fiscal Year 2023 levels but authrorizes several exceptions that provide funding flexibility and additional appropriations for various programs (Div. B, Sec. 3).

• Amends and revises the computation of the student aid index (SAI) for dependent students, which is used to determine eligibility for federal student aid (Div. B, Sec. 3).

• Specifies that the SAI for a dependent student shall be calculated using the Free Application for Federal Student Aid (FAFSA) data for students and their parents (Div. B, Sec. 3).

• Specifies that the FAFSA processing system calculates the parents contribution from income and assets, the students contribution from income, and the student’s contribution from assets, and that the SAI is a combination of these 3 assets (Div. B, Sec. 3).

• Specifies that a students available income shall not be less than -$1,500 for award year 2024-2025 and not less than $0 for an award year 2025-2026 and each succeeding award year (Div. B, Sec. 3).

• Authorizes additional funds for Federal Pell Grants for Fiscal Year 2025 and each succeeding year (Div. B, Sec. 3).

Full Bill Text

Full Bill Text