,i  #aahth ,,congress  #b;d ,session    
,h4 ,r4 #gdhh  ,,in ,,the ,,house ,,of  
,,representatives  ,february #bi1       
#bjbd,mr4 ,carbajal 7for himself and    
,mr4 ,schiff7 introduced the following  
bill2 which was referred to the         
,committee on ,education and the        
,workforce  ,a ,,bill  ,to increase the 
total maximum ,federal ,pell ,grant1 and
 for other purposes4  #a4 ,short title  
,this ,act may be cited as the ,degrees 
,not ,debt ,act of #bjbd4  #b4 ,increase
 in the maximum amount of a ,federal    
,pell ,grant  7a7 ,award year #bjbd-bjbe
 ,section #dja7;b77#g77;,c7 of the      
,higher ,education ,act of #aife 7#bj   
,u4,s4,c4 #ajgj;a7b77#g77;,c77 is       
amended-- 7#a7 in clause 7i77,i71 by    
striking clause 7iv77,,ii7 and inserting
 clause 7v77,,ii72  7#b7 in clause      
7ii77,i71 by striking clause 7iv77,,ii7 
and inserting clause 7v77,,ii72  7#c7 in
 clause 7iii7-- 7,a7 in the header1 by  
inserting through award year #bjbc-bjbd 
before the period2 and  7,b7 by         

inserting through award year #bjbc-bjbd 
after subsequent award year2  7#d7 by   
redesignating clause 7iv7 as clause 7v72
 and  7#e7 by inserting after clause    
7iii7 the following3  7iv7 ,award year  
#bjbd-bjbe ,for award year #bjbd-bjbe1  
the amount determined under this        
subparagraph for purposes of            
subparagraph 7,b77iii7 shall be equal   
to-- 7,i7 #ad1hjj2 reduced by  7,,ii7   
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 year2 and  7,,iii7   
rounded to the nearest #e4  4  7b7      
,award year #bjbe-bjbf and subsequent   
award years  7#a7 ,amendment to award   
amount ,section #dja7;b77#e77;,a7 of the
 ,higher ,education ,act of #aife 7#bj  
,u4,s4,c4 #ajgj;a7b77#e77;,a771 as      
amended by section #gjc of the ,,fafsa  
,simplification ,act 7title ,,vii of    
division ,,ff of ,public ,law #aaf-bfj7 
and section #ajb7;b77#a77;,a7 of the    

,,fafsa ,simplification ,act ,technical 
,corrections ,act 7division ,r of       
,public ,law #aag-ajc71 is amended to   
read as follows3  7,a7 7i7 ,award years 
#bjbd-bjbe and #bjbe-bjbf ,for award    
years #bjbd-bjbe and #bjbe-bjbf1 the    
total maximum ,federal ,pell ,grant     
award per student shall be equal to     
#ad1hjj1 reduced by the amount specified
 as the maximum ,federal ,pell ,grant in
 the last enacted appropriation ,act    
applicable to that award year4  7ii7    
,subsequent award years ,for award year 
#bjbf-bjbg1 and each subsequent award   
year1 the total maximum ,federal ,pell  
,grant award per student shall be equal 
to the amount that is equal to #ad1hjj1 
increased by a percentage equal to the  
annual adjustment percentage for the    
award year for which the amount under   
this subparagraph is being determined1  
then reduced by the amount specified as 
the maximum ,federal ,pell ,grant in the
 last enacted appropriation ,act        
applicable to that award year4  4  7#b7 

,definition ,section #dja7;a77#b7 of the
 ,higher ,education ,act of #aife 7#bj  
,u4,s4,c4 #ajgj;a7a77#b771 as amended by
 section #gjc of the ,,fafsa            
,simplification ,act 7title ,,vii of    
division ,,ff of ,public ,law #aaf-bfj71
 is amended-- 7,a7 in subparagraph 7,e71
 by striking and after the semicolon2   
7,b7 in subparagraph 7,f71 by striking  
the period and inserting 2 and2 and     
7,c7 by adding at the end the following3
  7,g7 the term annual adjustment       
percentage as applied to an award year1 
is equal to the estimated percentage    
change in the ,consumer ,price ,index   
7as determined by the ,secretary1 using 
the definition in section #dgh7;f77 for 
the most recent calendar year ending    
prior to the beginning of that award    
year4  4  7#c7 ,effective date ,the     
amendments made by this subsection shall
 take effect as if included in section  
#gjc of the ,,fafsa ,simplification ,act
 7title ,,vii of division ,,ff of       
,public ,law #aaf-bfj7 and in accordance

 with section #gja7;b7 of such ,act1 as 
amended by section #ajb7;a7 of the      
,,fafsa ,simplification ,act ,technical 
,corrections ,act 7division ,r of       
,public ,law #aag-ajc7 7including the   
authorization provided under section    
#ajb7;c77#a77;,a7 of such ,act74