,9 ! ,s5ate ( ! ,unit$ ,/ates1  ,decemb]
 #e1 #bjai4  ,am5dm5t3  ,t ! bill f !   
,h\se ( ,repres5tatives 7,h4,r4 #bdhf7  
entitl$ ,an ,act to reau?orize m&atory  
fund+ programs = hi/orically ,black     
colleges & univ]sities & o!r            
m9ority-s]v+ in/itutions41 d pass ) !   
foll[+ ,/rike all aft] ! enact+ clause &
 ins]t ! foll[+3 #a4 ,%ort title2       
ref]5ces  7a7 ,%ort title ,?is ,act may 
be cit$ z ! ,fo/]+ ,und]graduate ,tal5t 
by ,unlock+ ,res\rces = ,education ,act 
or ! ,,future ,act4  7b7 ,ref]5ces      
,except z o!rwise expressly provid$1    
:5ev] 9 ?is ,act an am5dm5t or repeal is
 express$ 9 t]ms ( an am5dm5t to1 or    
repeal (1 a section or o!r provision1 ! 
ref]5ce %all be consid]$ to be made to a
 section or o!r provision ( ! ,high]    
,education ,act ( #aife 7#bj ,u4,s4,c4  
#ajja et seq474  #b4 ,cont9u$ support = 
m9ority-s]v+ in/itutions ,section       
#cga7;b77#a77;,a7 7#bj ,u4,s4,c4        
#ajfgq7b77#a77;,a77 is am5d$ by /rik+ = 
ea* ( ! fiscal ye>s #bjjh ?r\gh #bjai4 &

 all t foll[s ?r\gh ! end ( !           
subp>agraph & ins]t+ = fiscal ye> #bjbj 
& ea* fiscal ye> !reaft]44  #c4 ,secure 
disclosure ( tax-return in=mation to    
c>ry out ! ,high] ,education ,act (     
#aife  7a7 ,am5dm5ts to ! ,int]nal      
,rev5ue ,code ( #aihf  7#a7 ,9 g5]al    
,p>agraph 7#ac7 ( section #fajc7l7 ( !  
,int]nal ,rev5ue ,code ( #aihf is am5d$ 
to read z foll[s3  7#ac7 ,disclosure (  
return in=mation to c>ry out ! ,high]   
,education ,act ( #aife  7,a7           
,income-cont+5t or income-bas$ repaym5t 
& total & p]man5t disability dis*>ge ,! 
,secret>y %all1 ^u writt5 reque/ f !    
,secret>y ( ,education1 disclose to     
(fic]s1 employees1 & contractors ( !    
,dep>tm5t ( ,education1 z specifically  
au?oriz$ & designat$ by ! ,secret>y (   
,education1 only = ! purpose ( 7& to !  
ext5t necess>y 97 e/abli%+ enrollm5t1   
r5ew+ enrollm5t1 adm9i/]+1 & conduct+   
analyses & =eca/s = e/imat+ co/s relat$ 
to income-cont+5t or income-bas$        
repaym5t programs1 & ! dis*>ge ( loans  

bas$ on a total & p]man5t disability 7)9
 ! mean+ ( section #dcg7;a7 ( ! ,high]  
,education ,act ( #aife71 "u title ,,iv 
( ! ,high] ,education ,act ( #aife1 !   
foll[+ return in=mation 7z def9$ 9      
subsection 7b77#b77 ) respect to        
taxpay]s id5tifi$ by ! ,secret>y (      
,education z p>ticipat+ 9 ! loan        
programs "u title ,,iv ( su* ,act1 =    
taxable ye>s specifi$ by su* ,secret>y3 
7i7 ,taxpay] id5tity in=mation ) respect
 to su* taxpay]4  7ii7 ,! fil+ /atus (  
su* taxpay]4  7iii7 ,! adju/$ gross     
income ( su* taxpay]4  7iv7 ,total numb]
 ( exemptions claim$1 or total numb] (  
individuals & dep5d5ts claim$1 z        
applicable1 on ! return4  7v7 ,numb] (  
*ildr5 ) respect to :i* tax cr$its "u   
section #bd are claim$ on ! return4     
7,b7 ,f$]al /ud5t f9ancial aid ,!       
,secret>y %all1 ^u writt5 reque/ f !    
,secret>y ( ,education1 disclose to     
(fic]s1 employees1 & contractors ( !    
,dep>tm5t ( ,education1 z specifically  
au?oriz$ & designat$ by ! ,secret>y (   

,education1 only = ! purpose ( 7& to !  
ext5t necess>y 97 det]m9+ eligibility =1
 & am\nt (1 ,f$]al /ud5t f9ancial aid "u
 programs au?oriz$ by p>ts ,a1 ,c1 & ,d 
( title ,,iv ( ! ,high] ,education ,act 
( #aife 7z 9 effect on ! date ( !       
enactm5t ( ! ,fo/]+ ,und]graduate ,tal5t
 by ,unlock+ ,res\rces = ,education     
,act7 & conduct+ analyses & =eca/s =    
e/imat+ co/s relat$ to su* programs1 !  
foll[+ return in=mation 7z def9$ 9      
subsection 7b77#b77 ) respect to        
taxpay]s id5tifi$ by ! ,secret>y (      
,education z applicants = ,f$]al /ud5t  
f9ancial aid "u su* p>ts ( title ,,iv ( 
su* ,act1 = taxable ye>s specifi$ by su*
 ,secret>y3 7i7 ,taxpay] id5tity        
in=mation ) respect to su* taxpay]4     
7ii7 ,! fil+ /atus ( su* taxpay]4  7iii7
 ,! adju/$ gross income ( su* taxpay]4  
7iv7 ,! am\nt ( any net e>n+s f         
self-employm5t 7z def9$ 9 section       
#adjb71 wages 7z def9$ 9 section        
#caba7;a7 or #cdja7;a771 taxable income 
f a f>m+ bus9ess 7z def9$ 9 section     

#bcf;,a7e77#d771 & inve/m5t income = !  
p]iod report$ on ! return4  7v7 ,! total
 income tax ( su* taxpay]4  7vi7 ,total 
numb] ( exemptions claim$1 or total     
numb] ( individuals & dep5d5ts claim$1 z
 applicable1 on ! return4  7vii7 ,numb] 
( *ildr5 ) respect to :i* tax cr$its "u 
section #bd are claim$ on ! return4     
7viii7 ,am\nt ( any cr$it claim$ "u     
section #be;,a = ! taxable ye>4  7ix7   
,am\nt ( individual retirem5t acc\nt    
di/ributions n includ$ 9 adju/$ gross   
income = ! taxable ye>4  7x7 ,am\nt (   
individual retirem5t acc\nt             
contributions & paym5ts to self-employ$ 
,,sep1 ,keogh1 & o!r qualifi$ plans :i* 
7 d$uct$ f income = ! taxable ye>4  7xi7
 ,! am\nt ( tax-exempt int]e/4  7xii7   
,am\nts f retirem5t p5sions & annuities 
n includ$ 9 adju/$ gross income = !     
taxable ye>4  7xiii7 ,if applicable1 !  
fact t any ( ! foll[+ s*$ules 7or       
equival5t successor s*$ules7 7 fil$ ) ! 
return3 7,i7 ,s*$ule ,a4  7,,ii7 ,s*$ule
 ,b4  7,,iii7 ,s*$ule ,d4  7,,iv7       

,s*$ule ,e4  7,v7 ,s*$ule ,f4  7,,vi7   
,s*$ule ,h4  7xiv7 ,if applicable1 !    
fact t ,s*$ule ,c 7or an equival5t      
successor s*$ule7 0 fil$ ) ! return %[+ 
a ga9 or loss great] ?an #aj1jjj4  7xv7 
,if applicable1 ! fact t !re is no      
return fil$ = su* taxpay] = ! applicable
 ye>4  7,c7 ,re/riction on use (        
disclos$ in=mation  7i7 ,9 g5]al ,return
 in=mation disclos$ "u subp>agraphs 7,a7
 & 7,b7 may be us$ by (fic]s1 employees1
 & contractors ( ! ,dep>tm5t (          
,education1 z specifically au?oriz$ &   
designat$ by ! ,secret>y ( ,education1  
only = ! purposes & to ! ext5t necess>y 
describ$ 9 su* subp>agraphs & = mitigat+
 risks 7z def9$ 9 clause 7ii77 relat+ to
 ! programs describ$ 9 su* subp>agraphs4
  7ii7 ,mitigat+ risks ,= purposes ( ?is
 subp>agraph1 ! t]m mitigat+ risks      
means1 ) respect to ! programs describ$ 
9 subp>agraphs 7,a7 & 7,b71 7,i7        
ov]sight activities by ! ,(fice (       
,inspector ,g5]al ( ! ,dep>tm5t (       
,education z au?oriz$ by ! ,inspector   

,g5]al ,act ( #aigh1 z am5d$1 &  7,,ii7 
r$uc+ ! net co/ ( improp] paym5ts to    
,f$]al f9ancial aid recipi5ts4  ,su* t]m
 does n include ! conduct ( crim9al     
inve/igations or prosecutions4  7iii7   
,r$isclosure to in/itutions ( high]     
education1 ,/ate high] education        
ag5cies1 & designat$ s*ol>%ip           
organizations ,! ,secret>y ( ,education1
 & (fic]s1 employees1 & contractors ( ! 
,dep>tm5t ( ,education1 may disclose    
return in=mation receiv$ "u subp>agraph 
7,b71 solely = ! use 9 ! application1   
aw>d1 & adm9i/ration ( /ud5t f9ancial   
aid or aid aw>d$ by su* entities z !    
,secret>y ( ,education may designate1 to
 ! foll[+ p]sons3 7,i7 ,an in/itution ( 
high] education ) :i* ! ,secret>y (     
,education has an agreem5t "u subp>t #a 
( "p ,a1 "p ,c1 or "p ,d ( title ,,iv ( 
! ,high] ,education ,act ( #aife4       
7,,ii7 ,a ,/ate high] education ag5cy4  
7,,iii7 ,a s*ol>%ip organization :i* is 
designat$ by ! ,secret>y ( ,education z 
( ! date ( ! enactm5t ( ! ,fo/]+        

,und]graduate ,tal5t by ,unlock+        
,res\rces = ,education ,act z an        
organization eligible to receive !      
in=mation provid$ "u ?is clause4  ,!    
prec$+ s5t5ce %all only apply to ! ext5t
 t ! taxpay] ) respect to :om ! return  
in=mation relates provides cons5t = su* 
disclosure to ! ,secret>y ( ,education z
 "p ( ! application = ,f$]al /ud5t      
f9ancial aid "u title ,,iv ( ! ,high]   
,education ,act ( #aife4  7,d7          
,requirem5t ( notification ( reque/ =   
tax return in=mation ,subp>agraphs 7,a7 
& 7,b7 %all apply to any disclosure (   
return in=mation ) respect to a taxpay] 
only if ! ,secret>y ( ,education has    
provid$ to su* taxpay] ! notification   
requir$ by section #did ( ! ,high]      
,education ,act ( #aife prior to su*    
disclosure4  4  7#b7 ,confid5tiality (  
return in=mation ,section #fajc7;a77#c7 
( su* ,code is am5d$ by ins]t+ 1        
7#ac77;,a71 7#ac77;,b7 aft] 7#ab74  7#c7
 ,con=m+ am5dm5ts ,section #fajc7p77#d7 
( su* ,code is am5d$-- 7,a7 by ins]t+   

7,a71 7#ac77;,b7 aft] 7#ac7 ea* place x 
occurs1 &  7,b7 by ins]t+ 1 7#ac77;,a71 
7#ac77;,b7 aft] 7l77#aj7 ea* place x    
occurs4  7b7 ,effective date ,! am5dm5ts
 made by ?is section %all apply to      
disclosures made "u section             
#fajc7l77#ac7 ( ! ,int]nal ,rev5ue ,code
 ( #aihf 7z am5d$ by ?is section7 aft] !
 date ( ! enactm5t ( ?is ,act4  #d4     
,notification ( reque/ = tax return     
in=mation  7a7 ,9 g5]al ,"p ,g ( title  
,,iv 7#bj ,u4,s4,c4 #ajhh et seq47 is   
am5d$ by add+ at ! end ! foll[+3  #did4 
,notification ( reque/ = tax return     
in=mation ,! ,secret>y %all advise      
/ud5ts & borr[]s :o submit an           
application = ,f$]al /ud5t f9ancial aid 
"u ?is title or = ! dis*>ge ( a loan    
bas$ on p]man5t & total disability1 z   
describ$ 9 section #dcg7;a71 or :o      
reque/ an income-cont+5t or income-bas$ 
repaym5t plan on _! loan 7z well z p>5ts
 & sp\ses :o sign su* an application or 
reque/ or a ,ma/] ,promissory ,note on  
behalf ( ^? /ud5ts & borr[]s7 t !       

,secret>y has ! au?ority to reque/ t !  
,int]nal ,rev5ue ,s]vice disclose _! tax
 return in=mation 7z well z t ( p>5ts & 
sp\ses :o sign su* an application or    
reque/ or a ,ma/] ,promissory ,note on  
behalf ( ^? /ud5ts & borr[]s7 to (fic]s1
 employees1 & contractors ( ! ,dep>tm5t 
( ,education z au?oriz$ "u section      
#fajc7a77ac7 ( ! ,int]nal ,rev5ue ,code 
( #aihf1 to ! ext5t necess>y = !        
,secret>y to c>ry out ?is title4  4  7b7
 ,con=m+ am5dm5t ,section #dhd7q7 7#bj  
,u4,s4,c4 #ajia7q77 is am5d$ to read z  
foll[s3  7q7 res]v$  4  #e4 ,increas$   
fund+ = ,f$]al ,pell ,grants ,section   
#dja7;b77#g77;,a77iv7 7#bj ,u4,s4,c4    
#ajgj;a7b77#g77;,a77iv77 is am5d$-- 7#a7
 9 subclause 7,x71 by /rik+             
#a1dcj1jjj1jjj & ins]t+ #a1dee1jjj1jjj2 
&  7#b7 9 subclause 7,,xi71 by /rik+    
#a1ade1jjj1jjj & ins]t #a1agj1jjj1jjj4  
#f4 ,reports on implem5tation  7a7 ,9   
g5]al ,n lat] ?an ea* specifi$ date1 !  
,secret>y ( ,education & ! ,secret>y ( !
 ,treasury %all issue jo9t reports to ! 

,committees on ,heal?1 ,education1      
,labor1 & ,p5sions & ,f9ance ( ! ,s5ate 
& ! ,committees on ,education & ,labor &
 ,ways & ,means ( ! ,h\se (             
,repres5tatives reg>d+ ! am5dm5ts made  
by ?is ,act4 ,ea* su* report %all       
include1 z applicable-- 7#a7 an update  
on ! /atus ( implem5tation ( ! am5dm5ts 
made by ?is ,act1  7#b7 an evaluation ( 
! process+ ( applications = ,f$]al /ud5t
 f9ancial aid1 & applications =         
income-bas$ repaym5t & income cont+5t   
repaym5t1 "u title ,,iv ( ! ,high]      
,education ,act ( #aife 7#bj ,u4,s4,c4  
#ajgj et seq471 9 accordance ) !        
am5dm5ts made by ?is ,act1 &  7#c7      
implem5tation issues & sugge/ions =     
pot5tial improvem5ts4  7b7 ,specifi$    
date ,= purposes ( subsection 7a71 ! t]m
 specifi$ date means-- 7#a7 ! date t is 
#ij days aft] ! date ( ! enactm5t ( ?is 
,act1  7#b7 ! date t is #abj days aft] !
 fir/ day t ! disclosure process        
e/abli%$ "u section #fajc7l77#ac7 ( !   
,int]nal ,rev5ue ,code ( #aihf1 z am5d$ 

by section #c7;a7 ( ?is ,act1 is        
op]ational & accessible to (fic]s1      
employees1 & contractors ( ! ,dep>tm5t (
 ,education 7z specifically au?oriz$ &  
designat$ by ! ,secret>y ( ,education71 
&  7#c7 ! date t is #a ye> aft] ! report
 date describ$ 9 p>agraph 7#b74         
,secret>y