S. 1482: Need-Based Educational Aid Act of 2015

114th Congress · introduced 2015-06-02 · Commerce · Latest: Became Public Law No: 114-44.

federal

Follow this bill, step by step

Where it came from: introduced 2015-06-02 · official record
Who proposed it: Sen. Grassley, Chuck [R-IA] · what a sponsor is
What happened next: 1 recorded vote in our records. Latest: House roll call 467 (2015): On Motion to Suspend the Rules and Pass, S1482 (2015-07-27), Passed. See all
Where it stands now: Became Public Law No: 114-44. (final step reached)
If it becomes law and spends money: follow the money to money laws, then agencies and contracts and grants.

What does this mean?

Official title

Need-Based Educational Aid Act of 2015

Plain summary

(This measure has not been amended since it was introduced. The expanded summary of the Senate reported version is repeated here.) 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.

Congressional Research Service summary (Public Law), quoted unchanged (nonpartisan). Read the source.

What a vote does

A “Yea” vote

If it passes both chambers and is signed, it becomes law.

A “Nay” vote

If it is not passed, current law stays as it is.

PSI Sci description of the legislative step (not an opinion).

What does this mean? (plain words)

Official text

Need-Based Educational Aid Act of 2015

Source: Congressional Research Service summary (Public Law)

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The strongest published arguments

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How did my representative vote? · This bill's floor votes

Officials and money

Sponsor: Sen. Grassley, Chuck [R-IA] · 2 cosponsors

Cost estimate: CBO cost estimate: S. 1482, Need-Based Educational Aid Act of 2015 (2015-07-17)

Cosponsors on this site

Mike Lee (R-UT)

Sponsor's campaign money: Sen. Grassley, Chuck [R-IA] reported raising $527,998 (2025–2026). Details. Shown for context only; it does not mean any donor supported this bill.

Recorded votes

House roll call 467 (2015): On Motion to Suspend the Rules and Pass, S1482 (2015-07-27): Passed

Words on this page, explained (2)

Bill: A proposed law. It becomes law only if it passes the legislature and is signed by the president or governor (or a veto is overridden).
Exemption: A rule that removes certain people, property or activities from a tax or requirement.

Plain meanings written from linked sources. All words.

Sources

Congressional Research Service summary (Public Law)
Congress.gov
Data: GovInfo BILLSTATUS bulk data (Library of Congress), BILLSTATUS-114s1482.xml <https://www.govinfo.gov/bulkdata/BILLSTATUS/114/s>

Record fed-us-cong114-s1482 · catalog fed-us-congress-bills-cong114 · updated 2026-11-15 by psicol fed-bills-cong114