,i  #aai? ,,congress  #a/ ,session  ,h4 
,r4 #efge  ,,9 ,,! ,,h\se ,,(           
,,repres5tatives  ,octob] #c1 #bjbe,mr4 
,c>bajal introduc$ ! foll[+ bill2 :i* 0 
ref]r$ to ! ,committee on ,education &  
,work=ce  ,a ,,bill  ,to increase !     
total maximum ,f$]al ,pell ,grant1 & =  
o!r purposes4  #a4 ,%ort title ,?is ,act
 may be cit$ z ! ,degrees ,n ,debt ,act 
( #bjbe4  #b4 ,increase 9 ! maximum     
am\nt ( a ,f$]al ,pell ,grant  7a7 ,aw>d
 ye> #bjbf-bjbg & subsequ5t aw>d ye>s   
7#a7 ,am5dm5t to aw>d am\nt ,section    
#dja7;b77#e77;,a7 ( ! ,high] ,education 
,act ( #aife 7#bj ,u4,s4,c4             
#ajgj;a7b77#e77;,a771 is am5d$ to read z
 foll[s3  7,a7  7i7 ,aw>d ye>s          
#bjbf-bjbg & #bjbg-bjbh ,= aw>d ye>s    
#bjbf-bjbg & #bjbg-bjbh1 ! total maximum
 ,f$]al ,pell ,grant aw>d p] /ud5t %all 
be equal to #ad1hjj1 r$uc$ by ! am\nt   
specifi$ z ! maximum ,f$]al ,pell ,grant
 9 ! la/ enact$ appropriation ,act      
applicable to t aw>d ye>4  7ii7         
,subsequ5t aw>d ye>s ,= aw>d ye>        

#bjbh-bjbi1 & ea* subsequ5t aw>d ye>1 ! 
total maximum ,f$]al ,pell ,grant aw>d  
p] /ud5t %all be equal to ! am\nt t is  
equal to #ad1hjj1 increas$ 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$1 !n r$uc$ by 
! am\nt specifi$ z ! maximum ,f$]al     
,pell ,grant 9 ! la/ enact$             
appropriation ,act applicable to t aw>d 
ye>4  4  7#b7 ,def9ition ,section       
#dja7;a77#b7 ( ! ,high] ,education ,act 
( #aife 7#bj ,u4,s4,c4 #ajgj;a7a77#b77  
is am5d$-- 7,a7 9 subp>agraph 7,e71 by  
/rik+ & aft] ! semicolon2  7,b7 9       
subp>agraph 7,f71 by /rik+ ! p]iod &    
ins]t+ 2 &2 &  7,c7 by add+ at ! end !  
foll[+3  7,g7 ! t]m annual adju/m5t     
p]c5tage z appli$ 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;f771 = ! mo/ rec5t cal5d> ye> end+
 prior to ! beg9n+ ( t aw>d ye>4  4  7b7
 ,effective date ,! am5dm5ts made by    

subsection 7a7 %all take effect on ,july
 #a1 #bjbf1 & %all apply ) respect to   
ea* aw>d ye> 7z def9$ 9 section #dha ( !
 ,high] ,education ,act ( #aife 7#bj    
,u4,s4,c4 #ajhh77 beg9n+ on or aft] su* 
date4