Family Farm and Small Business Exemption ActThis bill restores an exemption for certain family farms and small businesses on the Free Application for Federal Student Aid (FAFSA) form. 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.Prior to recent changes made to the FAFSA, the net worth of these family farms and small businesses were excluded as assets when calculating a student's financial need to determine federal student aid eligibility. Beginning with the 2024-2025 academic year, the net worth of these farms and businesses are treated as an asset and therefore included in the calculation. This bill restores the exemption to exclude such net worth from the calculation.
Full-Year Continuing Appropriations and Extensions Act, 2025This bill provides continuing FY2025 appropriations for federal agencies and extends various expiring programs and authorities. Specifically, the bill provides continuing FY2025 appropriations to federal agencies for the remainder of FY2025. It is known as a continuing resolution (CR) and prevents a government shutdown that would otherwise occur if the FY2025 appropriations bills have not been enacted when the existing CR expires on March 14, 2025. The CR funds most programs and activities at the FY2024 levels. It also includes several additional provisions that increase or decrease funding for various programs compared to FY2024 levels. In addition, the bill extends several expiring programs and authorities, includingseveral public health, Medicare, and Medicaid authorities and programs;the National Flood Insurance Program;authorities related to the Commodity Futures Trading Commission whistleblower program;the Department of Homeland Security (DHS) National Cybersecurity Protection System;authorities for DHS and the Department of Justice to take certain actions to mitigate a credible threat from an unmanned aircraft system;the Temporary Assistance for Needy Families (TANF) program;several immigration-related programs and authorities; the special assessment on nonindigent persons or entities convicted of certain offenses involving sexual abuse or human trafficking;the temporary scheduling order issued by the Drug Enforcement Administration to place fentanyl-related substances in Schedule I of the Controlled Substances Act;the authorization for the U.S. Parole Commission; andthe Department of Agriculture livestock mandatory price reporting program.