,i  #aah? ,,congress  #a/ ,session  ,h4 
,r4 #agdb  ,,9 ,,! ,,h\se ,,(           
,,repres5tatives  ,m>* #bc1 #bjbc,mr4   
,ca/5 7= himself1 ,mrs4 ,lee ( ,nevada1 
,mr4 ,m\lton1 ,mr4 ,allr$1 ,mr4 ,?ompson
 ( ,mississippi1 ,ms4 ,g>cia ( ,texas1  
,mr4 ,pet]s1 ,ms4 ,lee ( ,cali=nia1 ,mr4
 ,g>ca ( ,ill9ois1 ,mr4 ,kildee1 ,ms4   
,tlaib1 ,ms4 ,tokuda1 ,mr4 ,de,saulnier1
 ,mr4 ,trone1 ,mr4 ,cicill9e1 ,ms4      
,adams1 ,ms4 ,bonamici1 ,ms4 ,sewell1   
,mr4 ,kri%namoor?i1 ,ms4 ,jacobs1 & ,ms4
 ,s*ri]7 introduc$ ! foll[+ bill2 :i* 0 
ref]r$ to ! ,committee on ,education & !
 ,work=ce  ,a ,,bill  ,to index !       
maximum value ( ,f$]al ,pell ,grants to 
inflation4  #a4 ,%ort title ,?is ,act   
may be cit$ z ! ,pell ,grant            
,su/a9ability ,act4  #b4 ,f9d+s         
,congress f9ds ! foll[+3  7#a7 ,!       
pur*as+ p[] ( ! ,f$]al ,pell ,grant has 
decl9$ rapidly s9ce ! #aigjs4 ,9        
academic ye> #aigd-aige1 ! total maximum
 ,f$]al ,pell ,grant cov]$ #hj p]c5t (  
base educational co/s at public #d-ye>  

in/itutions ( high] education4 ,by      
academic ye> #bjbj-bjba1 ! maximum      
,f$]al ,pell ,grant cov]$ j #cj p]c5t ( 
^? base co/s4  7#b7 ,! value ( ,f$]al   
,pell ,grants mu/ keep pace ) /ud5ts'   
co/s 9 ord] to fulfill _! mission (     
enabl+ l[]-income /ud5ts to att5d       
college4  #c4 ,index+ ,f$]al ,pell      
,grants to inflation  7a7 ,aw>d ye>     
#bjbc-bjbd ,section #dja ( ! ,high]     
,education ,act ( #aife 7#bj ,u4,s4,c4  
#ajgj;a7 is am5d$-- 7#a7 9 subsection   
7a77#a71 by /rik+ ?r\gh fiscal ye> #bjag
 & ins]t+ ?r\gh fiscal ye> #bjbc2 &     
7#b7 9 subsection 7b77#g77;,c71 by am5d+
 clause 7iii7 to read z foll[s3  7iii7  
,subsequ5t aw>d ye>s  7,i7 ,aw>d ye>s   
#bjah-bjai ?r\gh #bjbb-bjbc ,= ea* ( !  
aw>d ye>s #bjah-bjai ?r\gh #bjbb-bjbc1 !
 am\nt det]m9$ "u ?is subp>agraph =     
purposes ( subp>agraph 7,b77iii7 %all be
 equal to ! am\nt det]m9$ "u clause 7ii7
 = aw>d ye> #bjag-bjah4  7,,ii7 ,aw>d   
ye> #bjbc-bjbd ,= aw>d ye> #bjbc-bjbd & 
ea* subsequ5t aw>d ye>1 ! am\nt det]m9$ 

"u ?is subp>agraph = purposes (         
subp>agraph 7,b77iii7 %all be equal to--
 7aa7 7,,aa7 #f1hie or ! total maximum  
,f$]al ,pell ,grant = ! prec$+ aw>d ye> 
7z det]m9$ "u clause 7iv77,,ii771 :i*ev]
 is great]1 increas$ by a p]c5tage equal
 to ! annual adju/m5t p]c5tage = ! aw>d 
ye> = :i* ! am\nt "u ?is subp>agraph is 
be+ det]m9$2 r$uc$ by 7,,bb7 #f1die or !
 maximum ,f$]al ,pell ,grant = :i* a    
/ud5t 0 eligible = ! prec$+ aw>d ye>1 z 
specifi$ 9 ! la/ enact$ appropriation   
,act applicable to t ye>1 :i*ev] is     
great]2 &  7bb7 r\nd$ to ! ne>e/ #e4  4 
7b7 ,aw>d ye> #bjbd-bjbe1 & ea*         
subsequ5t aw>d ye>  7#a7 ,9 g5]al       
,section #dja7;b7 ( ! ,high] ,education 
,act ( #aife 7#bj ,u4,s4,c4 #ajgj;a7b771
 z am5d$ by section #gjc ( ! ,,fafsa    
,simplification ,act 7title ,,vii (     
division ,,ff ( ,public ,law #aaf-bfj71 
is fur!r am5d$-- 7,a7 by am5d+ p>agraph 
7#e7 to read z foll[s3  7#e7 ,total     
maximum ,f$]al ,pell ,grant  7,a7 ,aw>d 
ye> #bjbd-bjbe & ea* subsequ5t aw>d ye> 

,= aw>d ye> #bjbd-bjbe1 & ea* subsequ5t 
aw>d ye>1 ! total maximum ,f$]al ,pell  
,grant aw>d p] /ud5t %all be equal to ! 
sum (-- 7i7 7,i7 9 ! case ( aw>d ye>    
#bjbd-bjbe1 #a1jfj2 or  7,,ii7 9 ! case 
( aw>d ye> #bjbe-bjbf & ea* subsequ5t   
aw>d ye>1 ! am\nt det]m9$ "u ?is clause 
= ! prec$+ aw>d ye>1 increas$ by a      
p]c5tage equal to ! annual adju/m5t     
p]c5tage = ! aw>d ye> = :i* ! am\nt "u  
?is clause is be+ det]m9$2 &  7ii7 !    
am\nt specifi$ z ! maximum ,f$]al ,pell 
,grant 9 ! la/ enact$ appropriation ,act
 applicable to t aw>d ye>4  7,b7 ,r\nd+ 
,! total maximum ,f$]al ,pell ,grant =  
any aw>d ye> %all be r\nd$ to ! ne>e/   
#e4  7,c7 ,annual adju/m5t p]c5tage     
def9$ ,9 ?is p>agraph1 ! t]m annual     
adju/m5t p]c5tage1 z appli$ to an aw>d  
ye>1 is equal to ! e/imat$ p]c5tage     
*ange 9 ! ,consum] ,price ,index 7z     
det]m9$ by ! ,secret>y1 us+ ! def9ition 
9 section #dgh7;f77 = ! mo/ rec5t cal5d>
 ye> end+ prior to ! beg9n+ ( t aw>d    
ye>4  2  7,b7 9 p>agraph 7#f77;,a77ii71 

by /rik+ ea* ( ! fiscal ye>s #bjbd ?r\gh
 #bjcd & ins]t+ fiscal ye> #bjbd & ea*  
subsequ5t fiscal ye>2 &  7,c7 9 p>agraph
 7#h77;,a71 by /rik+ ?r\gh fiscal ye>   
#bjcd4  7#b7 ,effective date ,! am5dm5ts
 made by p>agraph 7#a7 %all take effect 
z if includ$ 9 section #gjc ( ! ,,fafsa 
,simplification ,act 7title ,,vii (     
division ,,ff ( ,public ,law #aaf-bfj7 &
 subject to ! effective date ( section  
#gja7;b7 ( su* ,act4