H.R. 3841 — Introduced in House

I 113th CONGRESS 2d Session H. R. 3841 IN THE HOUSE OF REPRESENTATIVES January 10, 2014Mr. Grayson introduced the following bill; which was referred to the Committee on Education and the Workforce A BILL To amend the Higher Education Act of 1965 to provide that foreign income be considered in the determination of eligibility for grants and loans under that Act. 1. Inclusion of foreign income for purposes of determining total income for higher education grant and loan eligibility Section 480(b) of the Higher Education Act of 1965 (20 U.S.C. 1087vv(b)) is amended— (1) in paragraph (1)— (A) by redesignating subparagraphs (H) and (I) as subparagraphs (I) and (J), respectively; and (B) by inserting after subparagraph (G) the following new subparagraph: (H) foreign income excluded for purposes of Federal income taxes; ; and (2) in paragraph (2)— (A) in subparagraph (D), by striking the semicolon and inserting ; or; (B) by striking subparagraph (E); and (C) by redesignating subparagraph (F) as subparagraph (E).