An amendment numbered 18 printed in House Report 110-523 to encourage the prepopulation of FAFSA income and asset information, by t axpayer consent, with tax data provided directly from the IRS to the Department of Education, and allows the Secretary of Education to provide for the use of second preceding tax year information.

1. 1

   Change 1: Adds SEC. 474. USE OF MOST RECENT TAX INFORMATION IN NEED ANALYSIS on page 367, line 19

   Adds a sectionPrinted page

   Inserted: SEC. 474. USE OF MOST RECENT TAX INFORMATION IN NEED ANALYSIS.

   Inserted: Section 480(a)(1) of the Higher Education Act of 1965 (20 U.S.C. 1087vv(a)(1)), as amended by section 473 of this Act, is further amended by adding at the end the following new sentence: "Notwithstanding the preceding sentence, the Secretary shall, by regulation, provide for the use of the second preceding tax year when and to the extent necessary to carry out the simplification of applications used for the estimation and determination of financial aid eligibility through the sharing of data with the Internal Revenue Service with the consent of the taxpayer.".

   Original wording

   Page 367, after line 19, insert the following new section:

2. 2

   Change 2: Strikes “REPORT”

   StrikesPage 395, line 17Printed page

   Struck: REPORT

   Original wording

   Page 395, line 17, strike “ REPORT”;

Read automatically from the Congressional Record. Check the original before relying on it.

As printed