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H.R. 1250 · 118th Congress · 2023–2024

Family Farm and Small Business Exemption Act

H.R. 1250 in the 118th Congress (2023–2024) was introduced on Feb 28, 2023, sponsored by Tracey Mann with 59 co-sponsors.

During the 118th Congress (2023–2024), Joe Biden was president, and Republicans held the House majority and Democrats the Senate majority.

Status
Introduced
Introduced
Feb 28, 2023
Co-sponsors
59
Policy area
Education

What it does

Family Farm and Small Business Exemption Act This bill restores an exemption for certain family farms and small businesses under the Free Application for Federal Student Aid (FAFSA). The bill applies to the net worth of (1) a family farm on which the family resides, or (2) a small business with not more than 100 full-time or full-time equivalent employees that is owned and controlled by the family.

Summary by the nonpartisan Congressional Research Service.

Sponsor

Tracey Mann (R-KS). Co-sponsors: 11 Democrats, 48 Republicans.

Where it stands

  • IntroducedFeb 28, 2023
  • Passed the House—
  • Passed the Senate—
  • Sent to the President—
  • Became law—

Latest action: Referred to the House Committee on Education and the Workforce. (Feb 28, 2023)

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From GovInfo bill records, Congressional Research Service summaries, Voteview roll calls and lobbying reports.

Cite or embed this page

Capitol Receipts, “H.R. 1250 (118th Congress): Family Farm and Small Business Exemption…,” https://www.capitolreceipts.com/bill/118-hr-1250/family-farm-and-small-business-exemption-act (accessed 2026-10-17).

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