,i #aacth ,,congress #ast ,session ,h4 ,r4 #cefh ,,in ,,the ,,house ,,of ,,representatives ,november #bj1 #bjac,ms4 ,titus introduced the following bill2 which was referred to the ,committee on ,education and the ,workforce1 and in addition to the ,committees on the ,judiciary and ,science1 ,space1 and ,technology1 for a period to be subsequently determined by the ,speaker1 in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned ,a ,,bill ,to amend the ,immigration and ,nationality ,act to establish the ,,stem ,education and ,training ,account in order to enhance the economic competitiveness of the ,united ,states by providing funding for ,,stem education and training1 and for other purposes4 #a4 ,short title ,this ,act may be cited as the ,training ,highly ,skilled ,americans ,act of #bjac4 #b4 ,,stem education and training 7a7 ,fee ,section #bab7;a77#e77;,a7 of the ,immigration and ,nationality ,act 7#h ,u4,s4,c4 #aahb7;a77#e77;,a77 is amended by adding at the end the following3 7v7 ,fee ,an employer shall submit1 along with an application for a certification under this subparagraph1 a fee of #a1jjj1 which shall be deposited in the ,,stem ,education and ,training ,account established under section #bhf7w74 4 7b7 ,h-#a;,b nonimmigrant petitioner account ,section #bhf7s7 of the ,immigration and ,nationality ,act 7#h ,u4,s4,c4 #acef7s77 is amended by striking paragraphs 7#c7 and 7#d7 and inserting the following3 7#c7 ,low-income stem scholarship program 7,a7 ,in general ,thirty percent of the amounts deposited into the ,h-#a;,b ,nonimmigrant ,petitioner ,account shall remain available to the ,director of the ,national ,science ,foundation until expended for scholarships described in section #dad7;d7 of the ,american ,competitiveness and ,workforce ,improvement ,act of #aiih 7#db ,u4,s4,c4 #ahfi;c7 for low-income students enrolled in a program of study leading to a degree in science1 technology1 engineering1 or mathematics4 7,b7 ,stem education for underrepresented ,the ,director shall work in consultation with1 or direct scholarship funds through1 national nonprofit organizations that primarily focus on science1 technology1 engineering1 or mathematics education for underrepresented groups1 such as women and minorities4 7,c7 ,loan forgiveness ,the ,director may expend funds from the ,account for purposes of loan forgiveness or repayment of student loans which led to a low-income student obtaining a degree in science1 technology1 engineering1 mathematics1 or other high demand fields4 7#d7 ,national science foundation grant program for k-#ab science1 technology1 engineering1 and mathematics education 7,a7 ,in general ,ten percent of the amounts deposited into the ,h-#a;,b ,nonimmigrant ,petitioner ,account shall remain available to the ,director of the ,national ,science ,foundation until expended to carry out a direct or matching grant program to support improvement in ,k-#ab education1 including through private-public partnerships4 ,grants awarded pursuant to this paragraph shall include formula-based grants that target lower income populations with a focus on reaching women and minorities4 7,b7 ,types of programs covered ,the ,director shall award grants to programs that-- 7i7 support the development and implementation of standards-based instructional materials models and related student assessments that enable ,k-#ab students to acquire an understanding of science1 technology1 engineering1 and mathematics1 and to develop critical thinking skills2 7ii7 provide systemic improvement in training ,k-#ab teachers and education for students in science1 technology1 engineering1 and mathematics1 including by supporting efforts to promote gender-equality among students receiving such instruction2 7iii7 support the professional development of ,k-#ab science1 technology1 engineering1 and mathematics teachers in the use of technology in the classroom2 7iv7 stimulate systemwide ,k-#ab reform of science1 technology1 engineering1 and mathematics in urban1 rural1 and economically disadvantaged regions of the ,united ,states2 7v7 provide externships and other opportunities for students to increase their appreciation and understanding of science1 technology1 engineering1 and mathematics 7including summer institutes sponsored by an institution of higher education for students in grades #g through #ab that provide instruction in such fields72 7vi7 involve partnerships of industry1 educational institutions1 and national or regional community-based organizations with demonstrated experience addressing the educational needs of disadvantaged communities2 7vii7 provide college preparatory support to expose and prepare students for careers in science1 technology1 engineering1 and mathematics2 or 7viii7 provide for carrying out systemic reform activities under section #c7;a77#a7 of the ,national ,science ,foundation ,act of #aiej 7#db ,u4,s4,c4 #ahfb7;a77#a774 4 7c7 ,use of fee ,section #bhf of the ,immigration and ,nationality ,act 7#h ,u4,s4,c4 #acef7 is amended by adding at the end the following3 7w7 ,stem education and training account 7#a7 ,in general ,there is established in the general fund of the ,treasury a separate account1 which shall be known as the ,,stem ,education and ,training ,account4 ,notwithstanding any other section of this title1 there shall be deposited as offsetting receipts into the ,account all of the fees collected under section #bab7;a77#e77;,a77v74 7#b7 ,purposes 7,a7 ,in general ,the purposes of the ,,stem ,education and ,training ,account are to enhance the economic competitiveness of the ,united ,states by-- 7i7 strengthening ,,stem education1 including in computer science1 at all levels2 7ii7 ensuring that schools have access to well-trained and effective ,,stem teachers2 7iii7 supporting efforts to strengthen the elementary and secondary curriculum1 including efforts to make courses in computer science more broadly available2 and 7iv7 helping colleges and universities produce more graduates in fields needed by ,american employers4 7,b7 ,defined term ,in this paragraph1 the term ,,stem education means instruction in a field of science1 technology1 engineering1 or math included in the ,department of ,education's ,classification of ,instructional ,programs taxonomy within the summary groups of computer and information sciences and support services1 engineering1 mathematics and statistics1 biological and biomedical sciences1 and physical sciences4 7#c7 ,allocations to ,states and territories 7,a7 ,in general ,subject to subparagraph 7,b71 the ,secretary of ,education shall proportionately allocate #gj percent of the amounts deposited into the ,,stem ,education and ,training ,account each fiscal year to the #ej ,states1 the ,district of ,columbia1 the ,commonwealth of ,puerto ,rico1 ,guam1 the ,united ,states ,virgin ,islands1 ,american ,samoa1 and the ,northern ,mariana ,islands in an amount that bears the same relationship as the proportion the ,state1 district1 or territory received under subpart #b of part ,a of title ,i of the ,elementary and ,secondary ,education ,act of #aife 7#bj ,u4,s4,c4 #fcca et seq47 for the preceding fiscal year bears to the amount all ,states and territories received under that subpart for the preceding fiscal year4 7,b7 ,minimum allocations ,no ,state or territory shall receive less than an amount equal to #j4e percent of the total amount made available to all ,states from the ,,stem ,education and ,training ,account4 ,if a ,state or territory does not request an allocation from the ,account for a fiscal year1 the ,secretary shall reallocate the ,state's allocation to the remaining ,states and territories in accordance with this paragraph4 7,c7 ,use of funds ,amounts allocated pursuant to this paragraph may be used for the activities described in section #b7;d7 of the ,training ,highly ,skilled ,americans ,act of #bjac4 7#d7 ,,stem capacity building at minority-serving institutions 7,a7 ,in general ,the ,secretary of ,education shall allocate #bj percent of the amounts deposited into the ,,stem ,education and ,training ,account to establish or expand programs to award grants to institutions described in subparagraph 7,c7-- 7i7 to enhance the quality of undergraduate science1 technology1 engineering1 and mathematics education at such institutions2 and 7ii7 to increase the retention and graduation rates of students pursuing degrees in such fields at such institutions4 7,b7 ,types of programs covered ,grants awarded under this paragraph shall be awarded to-- 7i7 minority-serving institutions of higher education for-- 7,i7 activities to improve courses and curriculum in science1 technology1 engineering1 and mathematics2 7,,ii7 efforts to promote gender equality among students enrolled in such courses2 7,,iii7 faculty development2 7,,iv7 stipends for undergraduate students participating in research2 and 7,v7 other activities consistent with subparagraph 7,a71 as determined by the ,secretary of ,education2 and 7ii7 to other institutions of higher education to partner with the institutions described in clause 7i7 for-- 7,i7 faculty and student development and exchange2 7,,ii7 research infrastructure development2 7,,iii7 joint research projects2 and 7,,iv7 identification and development of minority and low-income candidates for graduate studies in science1 technology1 engineering1 and mathematics degree programs4 7,c7 ,institutions included ,in this paragraph1 the term institutions shall include-- 7i7 colleges eligible to receive funds under the ,act of ,august #cj1 #ahij 7#g ,u4,s4,c4 #cba-cbf;a and #cbh71 including ,tuskegee ,university2 7ii7 #aiid ,institutions1 as defined in section #ecb of the ,equity in ,educational ,land-,grant ,status ,act of #aiid 7#g ,u4,s4,c4 #cja note72 7iii7 part ,b institutions 7as defined in section #cbb of the ,higher ,education ,act of #aife 7#bj ,u4,s4,c4 #ajfa772 and 7iv7 ,hispanic-serving institutions1 as defined in section #ejb7;a77#e7 of the ,higher ,education ,act of #aife 7#bj ,u4,s4,c4 #aaja;a7a77#e774 7,d7 ,granting of bonding authority ,a recipient of a grant awarded under this paragraph is authorized to utilize such funds for the issuance of bonds to fund research infrastructure development4 7,e7 ,loan forgiveness ,the ,director may expend funds from the allocation under this paragraph for purposes of loan forgiveness or repayment of student loans which led to a low-income student obtaining a degree in science1 technology1 engineering1 mathematics1 or other high demand fields4 7#e7 ,workforce investment ,the ,secretary of ,education shall allocate #e percent of the amounts deposited into the ,,stem ,education and ,training ,account to the ,secretary of ,labor until expended for statewide workforce investment activities that may also benefit veterans and their spouses1 including youth activities and statewide employment and training and activities for adults and dislocated workers described in section #abh7;a7 of the ,workforce ,investment ,act of #aiih 7#bi ,u4,s4,c4 #bhec7;a771 and the development of licensing and credentialing programs4 7#f7 ,american dream accounts ,the ,secretary of ,education shall allocate #c percent of the amounts deposited into the ,,stem ,education and ,training ,account to award grants1 on a competitive basis1 to eligible entities to enable such eligible entities to establish and administer ,american ,dream ,accounts under section #b7;e7 of the ,training ,highly ,skilled ,americans ,act of #bjac4 7#g7 ,administration expenses ,the ,secretary of ,education may expend up to #b percent of the amounts deposited into the ,,stem ,education and ,training ,account for administrative expenses1 including conducting an annual evaluation of the implementation and impact of the activities funded by the ,,stem ,education and ,training ,account as required under section #b7;d77#c7 of the ,training ,highly ,skilled ,americans ,act of #bjac4 4 7d7 ,stem education grants 7#a7 ,application process 7,a7 ,in general ,each ,governor and ,chief ,state ,school ,officer desiring an allocation from the ,,stem ,education and ,training ,account under section #bhf7w77#c7 of the ,immigration and ,nationality ,act1 as added by subsection 7c71 shall jointly submit a plan1 including a proposed budget1 signed by the ,governor and ,chief ,state ,school ,officer1 to the ,secretary of ,education at such time1 in such form1 and including such information as the ,secretary of ,education may prescribe pursuant to subparagraph 7,b74 ,the plan shall describe how the ,state plans to improve ,,stem education to meet the needs of students and employers in the ,state4 7,b7 ,rulemaking ,the ,secretary of ,education shall issue a rule1 through a rulemaking procedure that complies with section #eec of title #e1 ,united ,states ,code1 prescribing the information that should be included in the ,state plans submitted under subparagraph 7,a74 7#b7 ,allowable activities ,a ,state1 district1 or territory that receives funding from the ,,stem ,education and ,training ,account may use such funding to develop and implement science1 technology1 engineering1 and mathematics 7,,stem7 activities to serve students1 including students of underrepresented groups such as minorities1 economically disadvantaged1 and females by-- 7,a7 strengthening the ,state's ,,stem academic achievement standards2 7,b7 implementing strategies for the recruitment1 training1 placement1 and retention of teachers in ,,stem fields1 including computer science2 7,c7 carrying out initiatives designed to assist students in succeeding and graduating from postsecondary ,,stem programs2 7,d7 improving the availability and access to ,,stem-related worker training programs1 including community college courses and programs2 7,e7 forming partnerships with higher education1 economic development1 workforce1 industry1 and local educational agencies2 or 7,f7 engaging in other activities1 as determined by the ,state1 in consultation with businesses and ,state agencies1 to improve ,,stem education4 7#c7 ,national evaluation 7,a7 ,in general ,using amounts allocated under section #bhf7w77#g7 of the ,immigration and ,nationality ,act1 as added by subsection 7c71 the ,secretary of ,education shall conduct1 directly or through a grant or contract1 an annual evaluation of the implementation and impact of the activities funded by the ,,stem ,education and ,training ,account4 7,b7 ,annual report ,the ,secretary shall submit a report describing the results of each evaluation conducted under subparagraph 7,a7 to-- 7i7 the ,president2 7ii7 the ,committee on the ,judiciary of the ,senate2 7iii7 the ,committee on the ,judiciary of the ,house of ,representatives2 7iv7 the ,committee on ,health1 ,education1 ,labor1 and ,pensions of the ,senate2 and 7v7 the ,committee on ,education and the ,workforce of the ,house of ,representatives4 7,c7 ,dissemination ,the ,secretary shall make the findings of the evaluation widely available to educators1 the business community1 and the public4 7#d7 ,rule of construction ,nothing in this subsection may be construed to permit the ,secretary of ,education or any other ,federal official to approve the content or academic achievement standards of a ,state4 7e7 ,american dream accounts 7#a7 ,definitions ,in this subsection3 7,a7 ,american dream account ,the term ,american ,dream ,account means a personal online account for low-income students that monitors higher education readiness and includes a college savings account4 7,b7 ,appropriate committees of congress ,the term appropriate committees of ,congress means-- 7i7 the ,committee on ,health1 ,education1 ,labor1 and ,pensions of the ,senate2 7ii7 the ,committee on ,appropriations of the ,senate2 7iii7 the ,committee on ,finance of the ,senate2 7iv7 the ,committee on ,education and the ,workforce of the ,house of ,representatives2 7v7 the ,committee on ,appropriations of the ,house of ,representatives2 7vi7 the ,committee on ,ways and ,means of the ,house of ,representatives2 and 7vii7 any other committee of the ,senate or ,house of ,representatives that the ,secretary determines appropriate4 7,c7 ,college savings account ,the term college savings account means a savings account that-- 7i7 provides some tax-preferred accumulation2 7ii7 is widely available 7such as ,qualified ,tuition ,programs under section #ebi of the ,internal ,revenue ,code of #aihf or ,coverdell ,education ,savings ,accounts under section #ecj of the ,internal ,revenue ,code of #aihf72 and 7iii7 contains funds that may be used only for the costs associated with attending an institution of higher education1 including-- 7,i7 tuition and fees2 7,,ii7 room and board2 7,,iii7 textbooks2 7,,iv7 supplies and equipment2 and 7,v7 ,internet access4 7,d7 ,dual enrollment program ,the term dual enrollment program means an academic program through which a secondary school student is able simultaneously to earn credit toward a secondary school diploma and a postsecondary degree or credential4 7,e7 ,eligible entity ,the term eligible entity means-- 7i7 a ,state educational agency2 7ii7 a local educational agency2 7iii7 a charter school or charter management organization2 7iv7 an institution of higher education2 7v7 a nonprofit organization2 7vi7 an entity with demonstrated experience in educational savings or in assisting low-income students to prepare for1 and attend1 an institution of higher education2 or 7vii7 a consortium of #b or more of the entities described in clauses 7i7 through 7vi74 7,f7 ,,esea definitions ,the terms local educational agency1 parent1 and ,state educational agency have the meanings given the terms in section #iaja of the ,elementary and ,secondary ,education ,act of #aife 7#bj ,u4,s4,c4 #ghja7 and the term charter school has the meaning given the term in section #ebaj of such ,act4 7,g7 ,institution of higher education ,the term institution of higher education has the meaning given the term in section #aja7;a7 of the ,higher ,education ,act of #aife 7#bj ,u4,s4,c4 #ajja7;a774 7,h7 ,low-income student ,the term low-income student means a student who is eligible to receive a free or reduced price lunch under the ,richard ,b4 ,russell ,national ,school ,lunch ,act 7#db ,u4,s4,c4 #agea et seq474 7#b7 ,grant program 7,a7 ,program authorized ,the ,secretary of ,education is authorized to award grants1 on a competitive basis1 to eligible entities to enable such eligible entities to establish and administer ,american ,dream ,accounts for a group of low-income students4 7,b7 ,reservation ,from the amount made available each fiscal year to carry out this section under section #bhf7w77#f7 of the ,immigration and ,nationality ,act1 as added by subsection 7c71 the ,secretary of ,education shall reserve not more than #e percent of such amount to carry out the evaluation activities described in paragraph 7#e77;,a74 7,c7 ,duration ,a grant awarded under this subsection shall be for a period of not more than #c years4 ,the ,secretary of ,education may extend such grant for an additional #b-year period if the ,secretary of ,education determines that the eligible entity has demonstrated significant progress1 based on the factors described in paragraph 7#c77;,b77xi74 7#c7 ,applications2 priority 7,a7 ,in general ,each eligible entity desiring a grant under this subsection shall submit an application to the ,secretary of ,education at such time1 in such manner1 and containing such information as the ,secretary of ,education may require4 7,b7 ,contents ,the application described in subparagraph 7,a7 shall include-- 7i7 a description of the characteristics of a group of not less than #cj low-income public school students who-- 7,i7 are1 at the time of the application1 attending a grade not higher than grade #i2 and 7,,ii7 will1 under the grant1 receive an ,american ,dream ,account2 7ii7 a description of how the eligible entity will engage1 and provide support 7such as tutoring and mentoring for students1 and training for teachers and other stakeholders7 either online or in person1 to-- 7,i7 the students in the group described in clause 7,i72 7,,ii7 the family members and teachers of such students2 and 7,,iii7 other stakeholders such as school administrators and school counselors2 7iii7 an identification of partners who will assist the eligible entity in establishing and sustaining ,american ,dream ,accounts2 7iv7 a description of what experience the eligible entity or the eligible entity's partners have in managing college savings accounts1 preparing low-income students for postsecondary education1 managing online systems1 and teaching financial literacy2 7v7 a description of how the eligible entity will help increase the value of the college savings account portion of each ,american ,dream ,account1 such as by providing matching funds or incentives for academic achievement2 7vi7 a description of how the eligible entity will notify each participating student in the group described in subparagraph 7,a71 on a semiannual basis1 of the current balance and status of the student's college savings account portion of the student's ,american ,dream ,account2 7vii7 a plan that describes how the eligible entity will monitor participating students in the group described in clause 7i7 to ensure that each student's ,american ,dream ,account will be maintained if a student in such group changes schools before graduating from secondary school2 7viii7 a plan that describes how the ,american ,dream ,accounts will be managed for not less than #a year after a majority of the students in the group described in clause 7i7 graduate from secondary school2 7ix7 a description of how the eligible entity will encourage students in the group described in clause 7i7 who fail to graduate from secondary school to continue their education2 7x7 a description of how the eligible entity will evaluate the grant program1 including by collecting1 as applicable1 data about the students in the group described in clause 7i7 during the grant period1 and1 if sufficient grant funds are available1 after the grant period1 including-- 7,i7 attendance rates2 7,,ii7 progress reports2 7,,iii7 grades and course selections2 7,,iv7 the student graduation rate 7as defined in section #aaaa 7b77#b77;,c77vi7 of the ,elementary and ,secondary ,education ,act of #aife 7#bj ,u4,s4,c4 #fcaa7;b77#b77;,c77vi7772 7,v7 rates of student completion of the ,free ,application for ,federal ,student ,aid described in section #dhc of the ,higher ,education ,act of #aife 7#bj ,u4,s4,c4 #ajij72 7,,vi7 rates of enrollment in an institution of higher education2 and 7,,vii7 rates of completion at an institution of higher education2 7xi7 a description of what will happen to the funds in the college savings account portion of the ,american ,dream ,accounts that are dedicated to participating students described in clause 7i7 who have not matriculated at an institution of higher education at the time of the conclusion of the period of ,american ,dream ,account management described in clause 7viii72 7xii7 a description of how the eligible entity will ensure that funds in the college savings account portion of the ,american ,dream ,accounts will not make families ineligible for public assistance2 and 7xiii7 a description of how the eligible entity will ensure that participating students described in clause 7i7 will have access to the ,internet4 7,c7 ,priority ,in awarding grants under this subsection1 the ,secretary of ,education shall give priority to applications from eligible entities that-- 7i7 are described in paragraph 7#a77;,e77vii72 7ii7 serve the largest number of low-income students2 7iii7 emphasize preparing students to pursue careers in science1 technology1 engineering1 or mathematics2 or 7iv7 in the case of an eligible entity described in clause 7i7 or 7ii7 of paragraph 7#a77;,e71 provide opportunities for participating students described in clause 7i7 to participate in a dual enrollment program at no cost to the student4 7#d7 ,authorized activities 7,a7 ,in general ,an eligible entity that receives a grant under this subsection shall use such grant funds to establish an ,american ,dream ,account for each participating student described in paragraph 7#c77;,b77i71 which will be used to-- 7i7 open a college savings account for such student2 7ii7 monitor the progress of such student online1 which-- 7,i7 shall include monitoring student data relating to-- 7aa7 grades and course selections2 7bb7 progress reports2 and 7cc7 attendance and disciplinary records2 and 7,,ii7 may also include monitoring student data relating to a broad range of information1 provided by teachers and family members1 related to postsecondary education readiness1 access1 and completion2 7iii7 provide opportunities for such students1 either online or in person1 to learn about financial literacy1 including by-- 7,i7 assisting such students in financial planning for enrollment in an institution of higher education2 and 7,,ii7 assisting such students in identifying and applying for financial aid 7such as loans1 grants1 and scholarships7 for an institution of higher education2 7iv7 provide opportunities for such students1 either online or in person1 to learn about preparing for enrollment in an institution of higher education1 including by providing instruction to students about-- 7,i7 choosing the appropriate courses to prepare for postsecondary education2 7,,ii7 applying to an institution of higher education2 7,,iii7 building a student portfolio1 which may be used when applying to an institution of higher education2 7,,iv7 selecting an institution of higher education2 7,v7 choosing a major for the student's postsecondary program of education or a career path1 including specific instruction on pursuing science1 technology1 engineering1 and mathematics majors2 and 7,,vi7 adapting to life at an institution of higher education2 and 7v7 provide opportunities for such students1 either online or in person1 to identify skills or interests1 including career interests4 7,b7 ,access to ,american dream account 7i7 ,in general ,subject to clauses 7iii7 and 7iv71 and in accordance with applicable ,federal laws and regulations relating to privacy of information and the privacy of children1 an eligible entity that receives a grant under this subsection shall allow vested stakeholders described in clause 7ii71 to have secure access1 through the ,internet1 to an ,american ,dream ,account4 7ii7 ,vested stakeholders ,the vested stakeholders that an eligible entity shall permit to access an ,american ,dream ,account are individuals 7such as the student's teachers1 school counselors1 counselors at an institution of higher education1 school administrators1 or other individuals7 that are designated1 in accordance with the ,family ,educational ,rights and ,privacy ,act of #aigd 7#bj ,u4,s4,c4 #abcb;g71 by the parent of a participating student in whose name such ,american ,dream ,account is held1 as having permission to access the account4 ,a student's parent may withdraw such designation from an individual at any time4 7iii7 ,exception for college savings account ,an eligible entity that receives a grant under this subsection shall not be required to give vested stakeholders described in clause 7ii71 access to the college savings account portion of a student's ,american ,dream ,account4 7iv7 ,adult students ,notwithstanding clauses 7i7 through 7iii71 if a participating student is age #ah or older1 an eligible entity that receives a grant under this subsection shall not provide access to such participating student's ,american ,dream ,account without the student's consent1 in accordance with the ,family ,educational ,rights and ,privacy ,act of #aigd 7#bj ,u4,s4,c4 #abcb;g74 7v7 ,input of student information ,student data collected pursuant to subparagraph 7,a77ii77,i7 may only be entered into an ,american ,dream ,account by a school administrator or such administrator's designee4 7,c7 ,prohibition on use of student information ,an eligible entity that receives a grant under this subsection may not use any student-level information or data for the purpose of soliciting1 advertising1 or marketing any financial or nonfinancial consumer product or service that is offered by such eligible entity1 or on behalf of any other person4 7,d7 ,limitation on the use of grant funds ,an eligible entity shall not use more than #be percent of the grant funds provided under this subsection to provide the initial deposit into a college savings account portion of a student's ,american ,dream ,account4 7#e7 ,reports and evaluations 7,a7 ,in general ,not later than #a year after the ,secretary of ,education has disbursed grants under this subsection1 and annually thereafter1 the ,secretary of ,education shall prepare and submit a report to the appropriate committees of ,congress that includes an evaluation of the effectiveness of the grant program established under this subsection4 7,b7 ,contents ,the report described in subparagraph 7,a7 shall-- 7i7 list the grants that have been awarded under paragraph 7#b77;,a72 7ii7 include the number of students who have an ,american ,dream ,account established through a grant awarded under paragraph 7#b77;,a72 7iii7 provide data 7including the interest accrued on college savings accounts that are part of an ,american ,dream ,account7 in the aggregate1 regarding students who have an ,american ,dream ,account established through a grant awarded under paragraph 7#b77;,a71 as compared to similarly situated students who do not have an ,american ,dream ,account2 7iv7 identify best practices developed by the eligible entities receiving grants under this subsection2 7v7 identify any issues related to student privacy and stakeholder accessibility to ,american ,dream ,accounts2 7vi7 provide feedback from participating students and the parents of such students about the grant program1 including-- 7,i7 the impact of the program2 7,,ii7 aspects of the program that are successful2 7,,iii7 aspects of the program that are not successful2 and 7,,iv7 any other data required by the ,secretary of ,education2 and 7vii7 provide recommendations for expanding the ,american ,dream ,accounts program4 7#f7 ,eligibility to receive federal student financial aid ,notwithstanding any other provision of law1 any funds that are in the college savings account portion of a student's ,american ,dream ,account shall not affect such student's eligibility to receive ,federal student financial aid1 including any ,federal student financial aid under the ,higher ,education ,act of #aife 7#bj ,u4,s4,c4 #ajja71 and shall not be considered in determining the amount of any such ,federal student aid4 7f7 ,conforming amendment ,section #dhj7;j7 of the ,higher ,education ,act of #aife 7#bj ,u4,s4,c4 #ajhgvv7j77 is amended by adding at the end the following3 7#e7 ,notwithstanding paragraph 7#a71 amounts made available under the college savings account portion of an ,american ,dream ,account under section #b7;e77#d7 of the ,training ,highly ,skilled ,americans ,act of #bjac shall not be treated as estimated financial assistance for purposes of section #dga7c74 4