,,ii  #aahth ,,congress  #ast ,session  
,s4 #abcg  ,,in ,,the ,,senate ,,of     
,,the ,,united ,,states  ,april #bj1    
#bjbc,ms4 ,ernst 7for herself1 ,mr4     
,tester1 ,mr4 ,grassley1 ,ms4 ,lummis1  
,mr4 ,ricketts1 ,mr4 ,moran1 and ,mr4   
,braun7 introduced the following bill2  
which was read twice and referred to the
 ,committee on ,health1 ,education1     
,labor1 and ,pensions  ,a ,,bill  ,to   
restore the exemption of family farms   
and small businesses from the definition
 of assets under title ,,iv of the      
,higher ,education ,act of #aife4  #a4  
,short title ,this ,act may be cited as 
the ,family ,farm and ,small ,business  
,exemption ,act4  #b4 ,exempting family 
farms and small businesses from assets  
under the ,higher ,education ,act of    
#aife  7a7 ,in general ,section         
#dhj7;f77#b7 of the ,higher ,education  
,act of #aife 7#bj ,u4,s4,c4 #ajhgvv71  
as amended by section #gjb7l77#b7 of the
 ,,fafsa ,simplification ,act 7title    
,,vii of division ,,ff of ,public ,law  

#aaf-bfj2 #acd ,stat4 #cafc71 is further
 amended-- 7#a7 by striking net value of
 the and inserting the following3 net   
value of-- 7,a7 the  2  7#b7 by striking
 the period at the end and inserting a  
semicolon2 and  7#c7 by adding at the   
end the following3  7,b7 a family farm  
on which the family resides2 or  7,c7 a 
small business with not more than #ajj  
full-time or full-time equivalent       
employees 7or any part of such a small  
business7 that is owned and controlled  
by the family4  4  7b7 ,effective date  
,the amendments made by subsection 7a7  
shall take effect as if included in the 
,,fafsa ,simplification ,act 7title     
,,vii of division ,,ff of ,public ,law  
#aaf-bfj7 and subject to the effective  
date of 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