H.R.768 - Need-Based Educational Aid Act of 2001107th Congress (2001-2002)
|Sponsor:||Rep. Smith, Lamar [R-TX-21] (Introduced 02/28/2001)|
|Committees:||House - Judiciary | Senate - Health, Education, Labor, and Pensions; Judiciary|
|Committee Reports:||H. Rept. 107-32|
|Latest Action:||11/20/2001 Became Public Law No: 107-72. (TXT | PDF) (All Actions)|
This bill has the status Became Law
Here are the steps for Status of Legislation:
- Passed House
- Passed Senate
- Resolving Differences
- To President
- Became Law
Summary: H.R.768 — 107th Congress (2001-2002)All Information (Except Text)
Need-Based Educational Aid Act of 2001 - Amends the Improving America's Schools Act of 1994 to extend through FY 2008 the antitrust exemption for the award of need-based educational aid.
Passed Senate amended (10/03/2001)
Directs the Comptroller General to conduct a study of the effect of the exemption, including by examining the needs analysis methodologies used by participating institutions and identifying trends in undergraduate costs of attendance and institutional undergraduate grant aid among participating institutions. Requires that such study assess what effect the exemption has had on institutional undergraduate grant aid and parental contribution to undergraduate costs of attendance, including consideration of any changes in institutional undergraduate grant aid and parental contribution to undergraduate costs of attendance over time for institutions of higher education.
Directs: (1) the Comptroller General to report to the House and Senate Judiciary Committees on its findings and conclusions without identifying an individual institution of higher education unless the information on the institution is publicly available; and (2) participating institutions to collect and maintain specified data and information (but does not require non-participating institutions of higher education to collect and maintain data).