[Congressional Bills 117th Congress]
[From the U.S. Government Publishing Office]
[H.R. 8549 Introduced in House (IH)]
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117th CONGRESS
2d Session
H. R. 8549
To amend the Higher Education Act of 1965 to include certain
individuals who work on farms or ranches as individuals who are
employed in public service jobs for purposes of eligibility for loan
forgiveness under the Federal Direct Loan program.
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IN THE HOUSE OF REPRESENTATIVES
July 28, 2022
Mr. Courtney (for himself, Mr. Thompson of Pennsylvania, Mrs. Hayes,
Ms. Blunt Rochester, Ms. Lofgren, Ms. Pingree, Ms. Kelly of Illinois,
and Mr. Welch) introduced the following bill; which was referred to the
Committee on Education and Labor
_______________________________________________________________________
A BILL
To amend the Higher Education Act of 1965 to include certain
individuals who work on farms or ranches as individuals who are
employed in public service jobs for purposes of eligibility for loan
forgiveness under the Federal Direct Loan program.
Be it enacted by the Senate and House of Representatives of the
United States of America in Congress assembled,
SECTION 1. SHORT TITLE.
This Act may be cited as the ``Young Farmer Success Act''.
SEC. 2. ELIGIBILITY OF CERTAIN FARM AND RANCH WORKERS FOR STUDENT LOAN
FORGIVENESS.
(a) Eligibility.--Section 455(m)(3)(B) of the Higher Education Act
of 1965 (20 U.S.C. 1087e(m)(3)(B)) is amended--
(1) by striking ``or'' at the end of clause (i);
(2) by striking the period at the end of clause (ii) and
inserting ``; or''; and
(3) by adding at the end the following new clause:
``(iii) a full-time job engaged in farm
work as an employee or manager of a qualified
farm or ranch.''.
(b) Definition.--Section 455(m)(3) of such Act (20 U.S.C.
1087e(m)(3)) is amended by adding at the end the following new
subparagraph:
``(C) Qualified farm or ranch.--The term `qualified
farm or ranch' means, with respect to a year, a farm or
ranch whose earnings of gross revenue during the year
from the sale of agricultural products are equal to or
greater than--
``(i) in the case of 2022, $35,000; or
``(ii) in the case of any succeeding year,
the amount applicable under this subparagraph
for the previous year increased by the
estimated percentage change in the Consumer
Price Index (as determined by the Secretary,
using the definition in section 478(f)) for the
most recent year preceding such year.''.
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