,i #aafth ,,congress #ast ,session ,h4 ,r4 #dfci ,,in ,,the ,,house ,,of ,,representatives ,october #aa1 #bjai,mr4 ,casten of ,illinois 7for himself and ,mrs4 ,lee of ,nevada7 introduced the following bill2 which was referred to the ,committee on ,education and ,labor ,a ,,bill ,to index the maximum value of ,federal ,pell ,grants to inflation4 #a4 ,short title ,this ,act may be cited as the ,pell ,grant ,sustainability ,act4 #b4 ,findings ,congress finds the following3 7#a7 ,from #bjji through #bjah1 the maximum discretionary ,federal ,pell ,grants under section #dja of the ,higher ,education ,act of #aife stayed flat while inflation was #ag percent4 7#b7 ,the value of ,federal ,pell ,grants must keep pace with students' costs in order to fulfill their mission of enabling lower-income students to attend college4 #c4 ,indexing ,federal ,pell ,grants to inflation ,section #dja of the ,higher ,education ,act of #aife 7#bj ,u4,s4,c4 #ajgj;a7 is amended-- 7#a7 in subsection 7a77#a71 by striking through fiscal year #bjag2 and 7#b7 in subsection 7b77#g77;,c71 by amending clause 7iii7 to read as follows3 7iii7 ,subsequent award years 7,i7 ,award years #bjah-bjai and #bjai-bjbj ,for each of the award years #bjah-bjai and #bjai-bjbj1 the amount determined under this subparagraph for purposes of subparagraph 7,b77iii7 shall be equal to the amount determined under clause 7ii7 for award year #bjag-bjah4 7,,ii7 ,award year #bjbj-bjba and each subsequent award year ,for award year #bjbj-bjba and each subsequent award year1 the amount determined under this subparagraph for purposes of subparagraph 7,b77iii7 shall be equal to-- 7aa7 7,,aa7 #f1aie or the total maximum ,federal ,pell ,grant for the preceding award year 7as determined under clause 7iv77,,ii771 whichever is greater1 increased by a percentage equal to the annual adjustment percentage for the award year for which the amount under this subparagraph is being determined2 reduced by 7,,bb7 #e1ace or the maximum ,federal ,pell ,grant for which a student was eligible for the preceding award year1 as specified in the last enacted appropriation ,act applicable to that year1 whichever is greater2 and 7bb7 rounded to the nearest #e4 4