,i #aac? ,,congress #a/ ,session ,h4 ,r4 #baee ,,9 ,,! ,,h\se ,,( ,,repres5tatives ,may #bc1 #bjac ,mr4 ,fattah 7= himself & ,mr4 ,h9ojosa7 introduc$ ! foll[+ bill2 :i* 0 ref]r$ to ! ,committee on ,education & ! ,work=ce ,a ,,bill ,to aw>d grants 9 ord] to e/abli% longitud9al p]sonal college read9ess & sav+s onl9e plat=ms = l[-income /ud5ts4 #a4 ,%ort title ,?is ,act may be cit$ z ! ,am]ican ,dream ,acc\nts ,act ( #bjac4 #b4 ,f9d+s ,congress f9ds ! foll[+3 7#a7 ,only #i4h out ( e #ajj individuals f l[-income families w graduate f an in/itution ( high] education be=e rea*+ ! age ( #bd4 7#b7 ,lack ( k ab\t h[ to apply to1 & pay =1 an in/itution ( high] education is a b>ri] = _m l[-income /ud5ts & /ud5ts :o w\ld be 9 ! fir/ g5]ation 9 _! families to att5d an in/itution ( high] education4 7#c7 ,accord+ to ,public ,ag5da1 mo/ "y adults give second>y s*ool c\nselors fair or poor rat+s = advice ab\t att5d+ an in/itution ( high] education1 includ+ advice ab\t h[ to decide :at in/itution ( high] education to att5d1 h[ to pay = high] education1 :at c>e]s to pursue1 & h[ to apply to an in/itution ( high] education4 7#d7 ,m ?an #a1gjj1jjj /ud5ts fail to file ! ,free ,application = ,f$]al ,/ud5t ,aid 7,,fafsa71 & ab\t "o-?ird ( su* /ud5ts w\ld qualify = a ,f$]al ,pell ,grant4 7#e7 ,dur+ ! la/ #b decades1 co/s ( att5d+ in/itutions ( high] education h increas$ dramatically1 b ne$-bas$ f9ancial aid has n kept pace ) su* increas+ co/s4 7#f7 ,9 ! #aiij-aiia s*ool ye>1 ! maximum ,f$]al ,pell ,grant cov]$ #de p]c5t ( ! av]age co/ ( att5dance at a public #d-ye> in/itution ( high] education 7includ+ tuition1 fees1 room1 & bo>d71 b 9 ! #bjaj-bjaa s*ool ye>1 ! maximum ,f$]al ,pell ,grant cov]$ only #cd p]c5t ( su* co/4 7#g7 ,p>5tal & y\? college sav+s are /rong pr$ictors ( a y\?'s expectations ab\t att5dance at an in/itution ( high] education4 7#h7 ,only #cb p]c5t ( p>5ts :o e>n less ?an #ce1jjj a ye> are sav+ = _! *ild's education at an in/itution ( high] education4 7#i7 ,accord+ to ! ,c5t] = ,social ,developm5t1 8wilt0 occurs :5 a "y p]son :o expects to graduate f a #d-ye> in/itution ( high] education has n yet att5d$ su* in/itution by ! ages ( #ai to #bb4 7#aj7 ,*ildr5 :o h sav+s d$icat$ = att5dance at an in/itution ( high] education are #d times m likely to att5d a #d-ye> in/itution ( high] education & avoid wilt4 #c4 ,def9itions ,9 ?is ,act3 7#a7 ,,esea ,def9itions ,! t]ms local educational ag5cy1 p>5t1 ,/ate educational ag5cy1 & ,secret>y %all h ! mean+s giv5 ! t]ms 9 section #iaja ( ! ,elem5t>y & ,second>y ,education ,act ( #aife 7#bj ,u4,s4,c4 #ghja7 & ! t]m *>t] s*ool %all h ! mean+ giv5 ! t]m 9 section #ebaj ( su* ,act4 7#b7 ,am]ican ,dream ,acc\nt ,! t]m ,am]ican ,dream ,acc\nt means a p]sonal onl9e acc\nt = l[-income /ud5ts t monitors high] education read9ess & includes a college sav+s acc\nt4 7#c7 ,appropriate ,committees ( ,congress ,! t]m appropriate committees ( ,congress means ! ,committee on ,heal?1 ,education1 ,labor1 & ,p5sions1 ! ,committee on ,appropriations1 & ! ,committee on ,f9ance ( ! ,s5ate1 & ! ,committee on ,education & ! ,work=ce1 ! ,committee on ,appropriations1 & ! ,committee on ,ways & ,means ( ! ,h\se ( ,repres5tatives1 z well z any o!r ,committee ( ! ,s5ate or ,h\se ( ,repres5tatives t ! ,secret>y det]m9es appropriate4 7#d7 ,college ,sav+s ,acc\nt ,! t]m college sav+s acc\nt means a sav+s acc\nt t-- 7,a7 provides "s tax-pref]r$ accumulation2 7,b7 is widely available 7su* z ,qualifi$ ,tuition ,programs "u section #ebi ( ! ,int]nal ,rev5ue ,code ( #aihf or ,cov]dell ,education ,sav+s ,acc\nts "u section #ecj ( ! ,int]nal ,rev5ue ,code ( #aihf72 & 7,c7 conta9s funds t may be us$ only = ! co/s associat$ ) att5d+ an in/itution ( high] education1 includ+-- 7i7 tuition & fees2 7ii7 room & bo>d2 7iii7 textbooks2 7iv7 supplies & equipm5t2 & 7v7 ,int]net access4 7#e7 ,dual ,enrollm5t ,program ,! t]m dual enrollm5t program means an academic program ?r\gh :i* a second>y s*ool /ud5t is able simultane\sly to e>n cr$it t[>d a second>y s*ool diploma & a po/second>y degree or cr$5tial4 7#f7 ,eligible ,entity ,! t]m eligible entity means-- 7,a7 a ,/ate educational ag5cy2 7,b7 a local educational ag5cy2 7,c7 a *>t] s*ool2 7,d7 a *>t] managem5t organization2 7,e7 an in/itution ( high] education2 7,f7 a nonpr(it organization2 7,g7 an entity ) demon/rat$ exp]i5ce 9 educational sav+s or 9 assi/+ l[-income /ud5ts to prep>e =1 & att5d1 an in/itution ( high] education2 or 7,h7 a consortium ( #b or m ( ! entities describ$ 9 subp>agraphs 7,a7 ?r\gh 7,g74 7#g7 ,in/itution ( ,high] ,education ,! t]m in/itution ( high] education has ! mean+ giv5 ! t]m 9 section #aja7;a7 ( ! ,high] ,education ,act ( #aife 7#bj ,u4,s4,c4 #ajja7;a774 7#h7 ,l[-income /ud5t ,! t]m l[-income /ud5t means a /ud5t :o is eligible to receive a free or r$uc$ price lun* "u ! ,ri*>d ,b4 ,russell ,national ,s*ool ,lun* ,act 7#db ,u4,s4,c4 #agea et seq474 #d4 ,grant ,program 7a7 ,program ,au?oriz$ ,! ,secret>y is au?oriz$ to aw>d grants1 on a competitive basis1 to eligible entities to enable su* eligible entities to e/abli% & adm9i/] ,am]ican ,dream ,acc\nts = a gr\p ( l[-income /ud5ts4 7b7 ,res]vation ,f ! am\nt appropriat$ ea* fiscal ye> to c>ry out ?is ,act1 ! ,secret>y %all res]ve n m ?an #e p]c5t ( su* am\nt to c>ry out ! evaluation activities describ$ 9 section #g7;a74 7c7 ,duration ,a grant aw>d$ "u ?is ,act %all be = a p]iod ( n m ?an #c ye>s4 ,! ,secret>y may ext5d su* grant = an additional #b-ye> p]iod if ! ,secret>y det]m9es t ! eligible entity has demon/rat$ significant progress1 bas$ on ! factors describ$ 9 section #e7;b77#aa74 #e4 ,applications2 ,priority 7a7 ,9 ,g5]al ,ea* eligible entity desir+ a grant "u ?is ,act %all submit an application to ! ,secret>y at su* "t1 9 su* mann]1 & conta9+ su* in=mation z ! ,secret>y may require4 7b7 ,cont5ts ,at a m9imum1 ! application describ$ 9 subsection 7a7 %all include ! foll[+3 7#a7 ,a description ( ! *>act]i/ics ( a gr\p ( n less ?an #cj l[-income public s*ool /ud5ts :o-- 7,a7 are1 at ! "t ( ! application1 att5d+ a grade n high] ?an grade #i2 & 7,b7 w1 "u ! grant1 receive an ,am]ican ,dream ,acc\nt4 7#b7 ,a description ( h[ ! eligible entity w engage1 & provide support 7su* z tutor+ & m5tor+ = /ud5ts1 & tra9+ = tea*]s & o!r /akehold]s7 ei!r onl9e or 9 p]son1 to-- 7,a7 ! /ud5ts 9 ! gr\p describ$ 9 p>agraph 7#a72 7,b7 ! family memb]s & tea*]s ( su* /ud5ts2 & 7,c7 o!r /akehold]s su* z s*ool adm9i/rators & s*ool c\nselors4 7#c7 ,an id5tification ( p>tn]s :o w assi/ ! eligible entity 9 e/abli%+ & su/a9+ ,am]ican ,dream ,acc\nts4 7#d7 ,a description ( :at exp]i5ce ! eligible entity or ! eligible entity's p>tn]s h 9 manag+ college sav+s acc\nts1 prep>+ l[-income /ud5ts = po/second>y education1 manag+ onl9e sy/ems1 & tea*+ f9ancial lit]acy4 7#e7 ,a demon/ration t ! eligible entity has suffici5t res\rces to provide an initial deposit into ! college sav+s acc\nt portion ( ea* ,am]ican ,dream ,acc\nt4 7#f7 ,a description ( h[ ! eligible entity w help increase ! value ( ! college sav+s acc\nt portion ( ea* ,am]ican ,dream ,acc\nt1 su* z by provid+ mat*+ funds or inc5tives = academic a*ievem5t4 7#g7 ,a description ( h[ ! eligible entity w notify ea* p>ticipat+ /ud5t 9 ! gr\p describ$ 9 p>agraph 7#a71 on a semiannual basis1 ( ! curr5t balance & /atus ( ! /ud5t's college sav+s acc\nt portion ( ! /ud5t's ,am]ican ,dream ,acc\nt4 7#h7 ,a plan t describes h[ ! eligible entity w monitor p>ticipat+ /ud5ts 9 ! gr\p describ$ 9 p>agraph 7#a7 to ensure t ea* /ud5t's ,am]ican ,dream ,acc\nt w be ma9ta9$ if a /ud5t 9 su* gr\p *anges s*ools be=e graduat+ f second>y s*ool4 7#i7 ,a plan t describes h[ ! ,am]ican ,dream ,acc\nts w be manag$ = n less ?an #a ye> aft] a majority ( ! /ud5ts 9 ! gr\p describ$ 9 p>agraph 7#a7 graduate f second>y s*ool4 7#aj7 ,a description ( h[ ! eligible entity w enc\rage /ud5ts 9 ! gr\p describ$ 9 p>agraph 7#a7 :o fail to graduate f second>y s*ool to cont9ue _! education4 7#aa7 ,a description ( h[ ! eligible entity w evaluate ! grant program1 includ+ by collect+1 z applicable1 ! foll[+ data ab\t ! /ud5ts 9 ! gr\p describ$ 9 p>agraph 7#a7 dur+ ! grant p]iod1 &1 if suffici5t grant funds are available1 aft] ! grant p]iod3 7,a7 ,att5dance rates4 7,b7 ,progress reports4 7,c7 ,grades & c\rse selections4 7,d7 ,! /ud5t graduation rate1 z def9$ 9 section #aaaa7;b77#b77;,c77vi7 ( ! ,elem5t>y & ,second>y ,education ,act ( #aife 7#bj ,u4,s4,c4 #fcaa7;b77#b77;,c77vi774 7,e7 ,rates ( /ud5t completion ( ! ,free ,application = ,f$]al ,/ud5t ,aid describ$ 9 section #dhc ( ! ,high] ,education ,act ( #aife 7#bj ,u4,s4,c4 #ajij74 7,f7 ,rates ( enrollm5t 9 an in/itution ( high] education4 7,g7 ,rates ( completion at an in/itution ( high] education4 7#ab7 ,a description ( :at w happ5 to ! funds 9 ! college sav+s acc\nt portion ( ! ,am]ican ,dream ,acc\nts t are d$icat$ to p>ticipat+ /ud5ts describ$ 9 p>agraph 7#a7 :o h n matriculat$ at an in/itution ( high] education at ! "t ( ! conclusion ( ! p]iod ( ,am]ican ,dream ,acc\nt managem5t describ$ 9 p>agraph 7#i74 7#ac7 ,a description ( h[ ! eligible entity w ensure t funds 9 ! college sav+s acc\nt portion ( ! ,am]ican ,dream ,acc\nts w n make families ineligible = public assi/ance4 7#ad7 ,a description ( h[ ! eligible entity w ensure t p>ticipat+ /ud5ts describ$ 9 p>agraph 7#a7 w h access to ! ,int]net4 7c7 ,priority ,9 aw>d+ grants "u ?is ,act1 ! ,secret>y %all give priority to applications f eligible entities t-- 7#a7 are describ$ 9 section #c7f77;,h72 7#b7 s]ve ! l>ge/ numb] ( l[-income /ud5ts2 or 7#c7 9 ! case ( an eligible entity describ$ 9 subp>agraphs 7,a7 or 7,b7 ( section #c7f71 provide opportunities = p>ticipat+ /ud5ts describ$ 9 p>agraph 7#a7 to p>ticipate 9 a dual enrollm5t program at no co/ to ! /ud5t4 #f4 ,au?oriz$ ,activities 7a7 ,9 g5]al ,an eligible entity t receives a grant "u ?is ,act %all use su* grant funds to e/abli% an ,am]ican ,dream ,acc\nt = ea* p>ticipat+ /ud5t describ$ 9 section #e7;b77#a71 :i* w be us$ to-- 7#a7 op5 a college sav+s acc\nt = su* /ud5t2 7#b7 monitor ! progress ( su* /ud5t onl9e1 :i*-- 7,a7 %all include monitor+ /ud5t data relat+ to-- 7i7 grades & c\rse selections2 7ii7 progress reports2 & 7iii7 att5dance & discipl9>y records2 & 7,b7 may also include monitor+ /ud5t data relat+ to a broad range ( in=mation1 provid$ by tea*]s & family memb]s1 relat$ to po/second>y education read9ess1 access1 & completion2 7#c7 provide opportunities = su* /ud5ts1 ei!r onl9e or 9 p]son1 to le>n ab\t f9ancial lit]acy1 includ+ by-- 7,a7 assi/+ su* /ud5ts 9 f9ancial plann+ = enrollm5t 9 an in/itution ( high] education2 & 7,b7 assi/+ su* /ud5ts 9 id5tify+ & apply+ = f9ancial aid 7su* z loans1 grants1 & s*ol>%ips7 = an in/itution ( high] education2 7#d7 provide opportunities = su* /ud5ts1 ei!r onl9e or 9 p]son1 to le>n ab\t prep>+ = enrollm5t 9 an in/itution ( high] education1 includ+ by provid+ in/ruction to /ud5ts ab\t-- 7,a7 *oos+ ! appropriate c\rses to prep>e = po/second>y education2 7,b7 apply+ to an in/itution ( high] education2 7,c7 build+ a /ud5t portfolio1 :i* may be us$ :5 apply+ to an in/itution ( high] education2 7,d7 select+ an in/itution ( high] education2 7,e7 *oos+ a major = ! /ud5t's po/second>y program ( education or a c>e] pa?2 & 7,f7 adapt+ to life at an in/itution ( high] education2 & 7#e7 provide opportunities = su* /ud5ts1 ei!r onl9e or 9 p]son1 to id5tify skills or int]e/s1 includ+ c>e] int]e/s4 7b7 ,access to ,am]ican ,dream ,acc\nt 7#a7 ,9 ,g5]al ,subject to p>agraphs 7#c7 & 7#d71 & 9 accordance ) applicable ,f$]al laws & regulations relat+ to privacy ( in=mation & ! privacy ( *ildr51 an eligible entity t receives a grant "u ?is ,act %all all[ ve/$ /akehold]s1 z describ$ 9 p>agraph 7#b71 to h secure access1 ?r\gh ! ,int]net1 to an ,am]ican ,dream ,acc\nt4 7#b7 ,ve/$ ,/akehold]s ,! ve/$ /akehold]s t an eligible entity %all p]mit to access an ,am]ican ,dream ,acc\nt are individuals 7su* z ! /ud5t's tea*]s1 s*ool c\nselors1 c\nselors at an in/itution ( high] education1 s*ool adm9i/rators1 or o!r individuals7 t are designat$1 9 accordance ) ! ,family ,educational ,rights & ,privacy ,act ( #aigd 7#bj ,u4,s4,c4 #abcb;g71 by ! p>5t ( a p>ticipat+ /ud5t 9 ^: "n su* ,am]ican ,dream ,acc\nt is held1 z hav+ p]mission to access ! acc\nt4 ,a /ud5t's p>5t may )draw su* designation f an individual at any "t4 7#c7 ,exception = ,college ,sav+s ,acc\nt ,an eligible entity t receives a grant "u ?is ,act %all n be requir$ to give ve/$ /akehold]s1 z describ$ 9 p>agraph 7#b71 access to ! college sav+s acc\nt portion ( a /ud5t's ,am]ican ,dream ,acc\nt4 7#d7 ,adult ,/ud5ts ,not)/&+ p>agraphs 7#a71 7#b71 & 7#c71 if a p>ticipat+ /ud5t is age #ah or old]1 an eligible entity t receives a grant "u ?is ,act %all n provide access to su* p>ticipat+ /ud5t's ,am]ican ,dream ,acc\nt )\t ! /ud5t's cons5t1 9 accordance ) ! ,family ,educational ,rights & ,privacy ,act ( #aigd 7#bj ,u4,s4,c4 #abcb;g74 7#e7 ,input ( ,/ud5t ,in=mation ,/ud5t data collect$ pursuant to subsection 7a77#b77;,a7 %all be ent]$ into an ,am]ican ,dream ,acc\nt only by a s*ool adm9i/rator or su* adm9i/rator's designee4 7c7 ,prohibition on use ( /ud5t in=mation ,an eligible entity t receives a grant "u ?is ,act %all n use any /ud5t-level in=mation or data = ! purpose ( solicit+1 adv]tis+1 or m>ket+ any f9ancial or non-f9ancial consum] product or s]vice t is (f]$ by su* eligible entity1 or on behalf ( any o!r p]son4 7d7 ,prohibition on ! use ( grant funds ,an eligible entity %all n use grant funds provid$ "u ?is ,act to provide ! initial deposit into a college sav+s acc\nt portion ( a /ud5t's ,am]ican ,dream ,acc\nt4 #g4 ,reports & ,evaluations 7a7 ,9 g5]al ,n lat] ?an #a ye> aft] ! ,secret>y has disburs$ grants "u ?is ,act1 & annually !reaft] until ea* grant disburs$ "u section #d has end$1 ! ,secret>y %all prep>e & submit a report to ! appropriate committees ( ,congress1 :i* %all include an evaluation ( ! effectiv5ess ( ! grant program e/abli%$ "u ?is ,act4 7b7 ,cont5ts ,! report describ$ 9 subsection 7a7 %all-- 7#a7 li/ ! grants t h be5 aw>d$ "u section #d7;a72 7#b7 include ! numb] ( /ud5ts :o h an ,am]ican ,dream ,acc\nt e/abli%$ ?r\gh a grant aw>d$ "u section #d7;a72 7#c7 provide data 7includ+ ! int]e/ accru$ on college sav+s acc\nts t are "p ( an ,am]ican ,dream ,acc\nt7 9 ! aggregate1 reg>d+ /ud5ts :o h an ,am]ican ,dream ,acc\nt e/abli%$ ?r\gh a grant aw>d$ "u section #d7;a71 z comp>$ to simil>ly situat$ /ud5ts :o d n h an ,am]ican ,dream ,acc\nt2 7#d7 id5tify be/ practices develop$ by ! eligible entities receiv+ grants "u ?is ,act2 7#e7 id5tify any issues relat$ to /ud5t privacy & /akehold] accessibility to ,am]ican ,dream ,acc\nts2 7#f7 provide fe$back f p>ticipat+ /ud5ts & ! p>5ts ( su* /ud5ts ab\t ! grant program1 includ+-- 7,a7 ! impact ( ! program2 7,b7 aspects ( ! program t are successful2 7,c7 aspects ( ! program t are n successful2 & 7,d7 any o!r data requir$ by ! ,secret>y2 & 7#g7 provide recomm5dations = exp&+ ! ,am]ican ,dream ,acc\nts program4 #h4 ,eligibility to receive ,f$]al /ud5t f9ancial aid ,not)/&+ any o!r provision ( law1 any funds t are 9 ! college sav+s acc\nt portion ( a /ud5t's ,am]ican ,dream ,acc\nt %all n affect su* /ud5t's eligibility to receive ,f$]al /ud5t f9ancial aid1 includ+ any ,f$]al /ud5t f9ancial aid "u ! ,high] ,education ,act ( #aife 7#bj ,u4,s4,c4 #ajja71 & %all n be consid]$ 9 det]m9+ ! am\nt ( any su* ,f$]al /ud5t aid4 #i4 ,au?orization ( ,appropriations ,!re are au?oriz$ to be appropriat$ to c>ry out ?is ,act #c1jjj1jjj = fiscal ye> #bjac1 f exi/+ ,dep>tm5t ( ,education funds1 & su* sums z may be necess>y = ea* subsequ5t fiscal ye>4 #aj4 ,con=m+ ,am5dm5t ,section #dhj7;j7 ( ! ,high] ,education ,act ( #aife 7#bj ,u4,s4,c4 #ajhgvv7j77 is am5d$ by add+ at ! end ! foll[+3 7#e7 ,not)/&+ p>agraph 7#a71 am\nts made available "u ! college sav+s acc\nt portion ( an ,am]ican ,dream ,acc\nt "u ! ,am]ican ,dream ,acc\nts ,act ( #bjac %all n be treat$ z e/imat$ f9ancial assi/ance = purposes ( section #dga7c74 4