S.Amdt. 2530

SA 2530. Mr. GRASSLEY submitted an amendment intended to be proposed
by him to the bill H.R. 1, to provide for reconciliation pursuant to
title II of H. Con. Res. 14; which was ordered to lie on the table; as
follows:

At the appropriate place, insert the following:

SEC. _____. EXPANSION OF PELL GRANT EXCLUSION FROM GROSS
INCOME.

(a) In General.--Section 117(b)(1) is amended by striking
``received by an individual'' and all that follows and
inserting ``received by an individual--
``(A) as a scholarship or fellowship grant to the extent
the individual establishes that, in accordance with the
conditions of the grant, such amount was used for qualified
tuition and related expenses, or
``(B) as a Federal Pell Grant under section 401 of the
Higher Education Act of 1965 (as in effect on the date of the
enactment of the One Big Beautiful Bill Act).''.
(b) No Adjustment Under American Opportunity and Lifetime
Learning Credits.--Section 25A(g)(2)(A) is amended by
inserting ``(other than a Federal Pell Grant under section
401 of the Higher Education Act of 1965 (as in effect on the
date of the enactment of the One Big Beautiful Bill Act))''
after ``section 117''.
(c) Effective Date.--The amendments made by this section
shall apply to taxable years beginning after December 31,
2025.
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