Young Farmer Success Act

I 118TH CONGRESS 1ST SESSION H. R. 2728 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. IN THE HOUSE OF REPRESENTATIVES APRIL 19, 2023 Mr. THOMPSON of Pennsylvania (for himself, Mr. COURTNEY, Ms. DE LA CRUZ, and Ms. BUDZINSKI) introduced the following bill; which was re- ferred to the Committee on Education and the Workforce 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 Fed- eral Direct Loan program. Be it enacted by the Senate and House of Representa- 1 tives of the United States of America in Congress assembled, 2 SECTION 1. SHORT TITLE. 3 This Act may be cited as the ‘‘Young Farmer Success 4 Act’’. 5 VerDate Sep 11 2014 01:01 Apr 26, 2023 Jkt 039200 PO 00000 Frm 00001 Fmt 6652 Sfmt 6201 E:\BILLS\H2728.IH H2728 pbinns on DSKJLVW7X2PROD with $$_JOB 2 •HR 2728 IH SEC. 2. ELIGIBILITY OF CERTAIN FARM AND RANCH WORK- 1 ERS FOR STUDENT LOAN FORGIVENESS. 2 (a) ELIGIBILITY.—Section 455(m)(3)(B) of the 3 Higher Education Act of 1965 (20 U.S.C. 4 1087e(m)(3)(B)) is amended— 5 (1) in clause (i), by striking ‘‘or’’ at the end; 6 (2) in clause (ii), by striking the period at the 7 end and inserting ‘‘; or’’; and 8 (3) by adding at the end the following: 9 ‘‘(iii) a full-time job engaged in farm 10 work as an employee or manager of a 11 qualified farm or ranch.’’. 12 (b) DEFINITION.—Section 455(m)(3) of such Act (20 13 U.S.C. 1087e(m)(3)) is amended by adding at the end the 14 following: 15 ‘‘(C) QUALIFIED FARM OR RANCH.—The 16 term ‘qualified farm or ranch’ means, with re- 17 spect to a year, a farm or ranch whose earnings 18 of gross revenue during the year from the sale 19 of agricultural products are equal to or greater 20 than— 21 ‘‘(i) in the case of 2023, $35,000; or 22 ‘‘(ii) in the case of any succeeding 23 year, the amount applicable under this 24 subparagraph for the previous year in- 25 creased by the estimated percentage 26 VerDate Sep 11 2014 01:01 Apr 26, 2023 Jkt 039200 PO 00000 Frm 00002 Fmt 6652 Sfmt 6201 E:\BILLS\H2728.IH H2728 pbinns on DSKJLVW7X2PROD with $$_JOB 3 •HR 2728 IH change in the Consumer Price Index (as 1 determined by the Secretary, using the def- 2 inition in section 478(f)) for the most re- 3 cent year preceding such year.’’. 4 Æ VerDate Sep 11 2014 01:01 Apr 26, 2023 Jkt 039200 PO 00000 Frm 00003 Fmt 6652 Sfmt 6301 E:\BILLS\H2728.IH H2728 pbinns on DSKJLVW7X2PROD with $$_JOB