,,ii  #aaith ,,congress  #ast ,session  
,s4 #afaj  ,,in ,,the ,,senate ,,of     
,,the ,,united ,,states  ,may #f1       
#bjbe,mr4 ,whitehouse 7for himself1 ,mr4
 ,grassley1 ,mr4 ,tillis1 and ,mr4      
,wyden7 introduced the following bill2  
which was read twice and referred to the
 ,committee on ,finance  ,a ,,bill  ,to 
amend the ,internal ,revenue ,code of   
#aihf to expand the exclusion of ,pell  
,grants from gross income4  #a4 ,short  
title ,this ,act may be cited as the    
,tax-,free ,pell ,grant ,act4  #b4      
,expansion of ,pell ,grant exclusion    
from gross income  7a7 ,in general      
,section #aag7;b77#a7 of the ,internal  
,revenue ,code of #aihf is amended by   
striking received by an individual and  
all that follows and inserting received 
by an individual-- 7,a7 as a scholarship
 or fellowship grant to the extent the  
individual establishes that1 in         
accordance with the conditions of the   
grant1 such amount was used for         
qualified tuition and related expenses1 

or  7,b7 as a ,federal ,pell ,grant     
under section #dja of the ,higher       
,education ,act of #aife 7as in effect  
on the date of the enactment of the     
,tax-,free ,pell ,grant ,act74  4  7b7  
,no adjustment under ,american          
,opportunity and ,lifetime ,learning    
,credits ,section #be;,a7g77#b77;,a7 of 
such ,code is amended by inserting      
7other than a ,federal ,pell ,grant     
under section #dja of the ,higher       
,education ,act of #aife 7as in effect  
on the date of the enactment of the     
,tax-,free ,pell ,grant ,act77 after    
section #aag4  7c7 ,effective date ,the 
amendments made by this section shall   
apply to taxable years beginning after  
,december #ca1 #bjbe4