PlainBillCongress, translated.Legislation. Context. Public interest.Placed on the Union Calendar, Calendar No. 169.
Congressional Research Service
Version 79 · Reported to House without amendment · Jul 23, 2015
(This measure has not been amended since it was introduced. The summary has been expanded because action occurred on the measure.)
Need-Based Educational Aid Act of 2015
(Sec. 2)This bill amends the Improving America's Schools Act of 1994 to extend through FY2022 the antitrust exemption that allows institutions of higher education that admit all students on a need-blind basis to enter or attempt to enter into agreements among themselves regarding the administration of need-based financial aid.
The bill also, however, repeals the permission for these institutions to exchange through an independent third party, before awarding financial aid to any of the students, data submitted by the student, his or her family, or a financial institution on their behalf relating to assets, liabilities, income, expenses, the number of family members, and the number of the student's siblings in college, if each of the institutions is permitted to retrieve the data only once with respect to the student.
People & committees
Rep. Smith, Lamar [R-TX-21] · R–TX
Legislative record
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Placed on the Union Calendar, Calendar No. 169.
Reported by the Committee on Judiciary. H. Rept. 114-224.
Reported by the Committee on Judiciary. H. Rept. 114-224.
Ordered to be Reported by Voice Vote.
Committee Consideration and Mark-up Session Held.
Subcommittee on Regulatory Reform, Commercial And Antitrust Law Discharged.
Referred to the Subcommittee on Regulatory Reform, Commercial And Antitrust Law.
Referred to the House Committee on the Judiciary.
Introduced in House
Introduced in House
Primary sources
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Source last updated: Dec 5, 2025. Consult Congress.gov for the current record.
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