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I
116TH CONGRESS
2D SESSION
H. R. 6743
To amend the CARES Act to exclude from gross income emergency financial
aid grants to students, and for other purposes.
IN THE HOUSE OF REPRESENTATIVES
MAY 8, 2020
Mr. DANNY K. DAVIS of Illinois introduced the following bill; which was
referred to the Committee on Ways and Means
A BILL
To amend the CARES Act to exclude from gross income
emergency financial aid grants to students, and for other
purposes.
Be it enacted by the Senate and House of Representa-
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tives of the United States of America in Congress assembled,
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SECTION 1. SHORT TITLE.
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This Act may be cited as the ‘‘Protect Vulnerable
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Students from Surprise Tax Bills Act’’.
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SEC.
2.
EXCLUSION
OF
EMERGENCY
FINANCIAL
AID
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GRANTS FROM GROSS INCOME.
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(a) IN GENERAL.—
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(1) EXCLUSION
FROM
GROSS
INCOME.—For
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purposes of the Internal Revenue Code of 1986,
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•HR 6743 IH
gross income shall not include any qualified emer-
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gency financial aid grant.
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(2) QUALIFIED
EMERGENCY
FINANCIAL
AID
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GRANT.—The term ‘‘qualified emergency financial
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aid grant’’ means any amount received by an indi-
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vidual who—
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(A) is a candidate for a degree at an eligi-
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ble educational institution described in section
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25A(f)(2) of the Internal Revenue Code of
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1986, and—
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(B) received an emergency financial aid
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grant—
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(i) pursuant to section 18004 of the
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CARES Act for expenses related to the
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disruption of campus operations due to
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COVID–19 (including eligible expenses
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under a student’s cost of attendance, such
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as food, housing, course materials, tech-
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nology, health care, and child care);
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(ii) pursuant to section 3504(a) of
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such Act, or pursuant to a grant use modi-
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fication under section 3518(a) of such Act,
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for unexpected expenses and unmet finan-
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cial need as the result of a qualifying
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emergency as defined in section 3502(a)(4)
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of such Act; or
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(iii) pursuant to section 18008 of
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such Act for expenses directly related to
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coronavirus and the disruption of univer-
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sity operations.
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(b) EFFECTIVE DATE.—This section shall apply to
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emergency financial aid grants made after March 26,
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2020.
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