,i #aafth ,,congress #ast ,session ,h4 ,r4 #chjc ,,in ,,the ,,house ,,of ,,representatives ,july #ag1 #bjai,mr4 ,de,saulnier 7for himself1 ,mr4 ,zeldin1 and ,mr4 ,king of ,new ,york7 introduced the following bill2 which was referred to the ,committee on ,ways and ,means ,a ,,bill ,to amend the ,internal ,revenue ,code of #aihf to exclude ,federal ,pell ,grants from gross income4 #a4 ,short title ,this ,act may be cited as the ,pell ,grant ,flexibility ,act of #bjai4 #b4 ,exclusion of ,federal ,pell ,grants from gross income 7a7 ,in general ,section #aag of the ,internal ,revenue ,code of #aihf is amended by adding at the end the following new subsection3 7e7 ,federal ,pell ,grants ,gross income does not include any amount received as a ,federal ,pell ,grant awarded under subpart #a of part ,a of title ,,iv of the ,higher ,education ,act of #aife 7#bj ,u4,s4,c4 #ajgj;a74 4 7b7 ,effective date ,the amendment made by this section shall apply to amounts received in taxable years beginning after ,december #ca1 #bjah4