119th Congress · introduced in the Senate · Feb 6, 2025
Family Farm and Small Business Exemption Act
Official title from Congress.gov
Latest action (Feb 6, 2025): Read twice and referred to the Committee on Health, Education, Labor, and Pensions.
View on Congress.govPolicy area: Education
Congressional Research Service summary, version: Introduced in Senate (Feb 6, 2025)
Family Farm and Small Business Exemption Act
This 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.
Includes amendment, cloture, and procedural votes. Each is labeled with its exact question; only a passage question is a vote to pass the bill.
No recorded roll calls on this bill in coverage.
Read twice and referred to the Committee on Health, Education, Labor, and Pensions.
Introduced in Senate
Actions from Congress.gov, newest first.
Government lending and loan guarantees · Rural conditions and development · Small business · Student aid and college costs
LD-2 reports whose issue descriptions explicitly cite this bill (bill type and number validated against Congress.gov records). A citation does not establish the client's position or any contact with a member.
Loading lobbying reportsCoverage: reports for 2025 onward, posted Jan 1, 2025 through Oct 24, 2026.
19 citations.
FARM CREDIT COUNCIL · lobbying firm or registrant: FARM CREDIT COUNCIL
2026 Q3 report (Jul 1, 2026 – Sep 30, 2026) · posted Oct 20, 2026 · issue area: Agriculture
$110,000
Spent on own lobbying
…S Modernization Legislation USDA Express Loan Program Act H.R. 5010, S.4655, Farm Credit Adjustment Act agriculture economic and disaster assistance Farmer Mac S.469/H.R. 1131 - Family Farm and Small Business Exemption Act preferred lender programs
Congress inferred from the report year; bill number and the title cited with it match Congress.gov records, and the bill predates the report. The amount is lobbying spending for every issue on this report, not this bill alone, and none of it is paid to any member of Congress. View filing
FARMERS EDUCATIONAL COOPERATIVE UNION OF AMERICA · lobbying firm or registrant: FARMERS EDUCATIONAL COOPERATIVE UNION OF AMERICA
2026 Q3 report (Jul 1, 2026 – Sep 30, 2026) · posted Oct 19, 2026 · issue area: Agriculture
$70,000
Spent on own lobbying
…for beef. S.1312 - Meat and Poultry Special Investigator Act; support for establishing an "Office of the Special Investigator for Competition Matters" at USDA. S.469 - Family Farm and Small Business Exemption Act; support for exempting family farms and small businesses with less than 100 full-time employees from reporting l…
Congress inferred from the report year; bill number and the title cited with it match Congress.gov records, and the bill predates the report. The amount is lobbying spending for every issue on this report, not this bill alone, and none of it is paid to any member of Congress. View filing
FARM CREDIT COUNCIL · lobbying firm or registrant: FARM CREDIT COUNCIL
2026 Q2 report (Apr 1, 2026 – Jun 30, 2026) · amended · posted Aug 4, 2026 · issue area: Agriculture
$110,000
Spent on own lobbying
…S Modernization Legislation USDA Express Loan Program Act H.R. 5010, S.4655, Farm Credit Adjustment Act agriculture economic and disaster assistance Farmer Mac S.469/H.R. 1131 - Family Farm and Small Business Exemption Act preferred lender programs
Congress inferred from the report year; bill number and the title cited with it match Congress.gov records, and the bill predates the report. The amount is lobbying spending for every issue on this report, not this bill alone, and none of it is paid to any member of Congress. View filing
FARMERS EDUCATIONAL COOPERATIVE UNION OF AMERICA · lobbying firm or registrant: FARMERS EDUCATIONAL COOPERATIVE UNION OF AMERICA
2026 Q2 report (Apr 1, 2026 – Jun 30, 2026) · posted Jul 20, 2026 · issue area: Agriculture
$80,000
Spent on own lobbying
…for beef. S.1312 - Meat and Poultry Special Investigator Act; support for establishing an "Office of the Special Investigator for Competition Matters" at USDA. S.469 - Family Farm and Small Business Exemption Act; support for exempting family farms and small businesses with less than 100 full-time employees from reporting l…
Congress inferred from the report year; bill number and the title cited with it match Congress.gov records, and the bill predates the report. The amount is lobbying spending for every issue on this report, not this bill alone, and none of it is paid to any member of Congress. View filing
FARM CREDIT COUNCIL · lobbying firm or registrant: FARM CREDIT COUNCIL
2026 Q1 report (Jan 1, 2026 – Mar 31, 2026) · amended · posted May 7, 2026 · issue area: Agriculture
$140,000
Spent on own lobbying
…Act NASS Modernization Legislation USDA Express Loan Program Act H.R. 5010, Farm Credit Adjustment Act agriculture economic and disaster assistance Farmer Mac S.469/H.R. 1131 - Family Farm and Small Business Exemption Act preferred lender programs
Congress inferred from the report year; bill number and the title cited with it match Congress.gov records, and the bill predates the report. The amount is lobbying spending for every issue on this report, not this bill alone, and none of it is paid to any member of Congress. View filing
PENNSYLVANIA FARM BUREAU · lobbying firm or registrant: PENNSYLVANIA FARM BUREAU
2026 Q1 report (Jan 1, 2026 – Mar 31, 2026) · amended · posted Apr 23, 2026 · issue area: Education
$10,000
Spent on own lobbying
SUPPORT FOR THE FOLLOWING BILLS: - S.469/H.R.1131, the Family Farm and Small Business Exemption Act, which would restore the exemptions family farm and small business assets from the FAFSA calculation…
Congress inferred from the report year; bill number and the title cited with it match Congress.gov records, and the bill predates the report. The amount is lobbying spending for every issue on this report, not this bill alone, and none of it is paid to any member of Congress. View filing
FARMERS EDUCATIONAL COOPERATIVE UNION OF AMERICA · lobbying firm or registrant: FARMERS EDUCATIONAL COOPERATIVE UNION OF AMERICA
2026 Q1 report (Jan 1, 2026 – Mar 31, 2026) · posted Apr 20, 2026 · issue area: Agriculture
$90,000
Spent on own lobbying
…for beef. S.1312 - Meat and Poultry Special Investigator Act; support for establishing an "Office of the Special Investigator for Competition Matters" at USDA. S.469 - Family Farm and Small Business Exemption Act; support for exempting family farms and small businesses with less than 100 full-time employees from reporting l…
Congress inferred from the report year; bill number and the title cited with it match Congress.gov records, and the bill predates the report. The amount is lobbying spending for every issue on this report, not this bill alone, and none of it is paid to any member of Congress. View filing
PENNSYLVANIA FARM BUREAU · lobbying firm or registrant: PENNSYLVANIA FARM BUREAU
2025 Q4 report (Oct 1, 2025 – Dec 31, 2025) · posted Jan 20, 2026 · issue area: Education
$10,000
Spent on own lobbying
SUPPORT FOR THE FOLLOWING BILLS: - S.469/H.R.1131, the Family Farm and Small Business Exemption Act, which would restore the exemptions family farm and small business assets from the FAFSA calculation…
Congress inferred from the report year; bill number and the title cited with it match Congress.gov records, and the bill predates the report. The amount is lobbying spending for every issue on this report, not this bill alone, and none of it is paid to any member of Congress. View filing
FARM CREDIT COUNCIL · lobbying firm or registrant: FARM CREDIT COUNCIL
2025 Q4 report (Oct 1, 2025 – Dec 31, 2025) · posted Jan 20, 2026 · issue area: Agriculture
$100,000
Spent on own lobbying
…Act NASS Modernization Legislation USDA Express Loan Program Act H.R. 5010, Farm Credit Adjustment Act agriculture economic and disaster assistance Farmer Mac S.469/H.R. 1131 - Family Farm and Small Business Exemption Act preferred lender programs
Congress inferred from the report year; bill number and the title cited with it match Congress.gov records, and the bill predates the report. The amount is lobbying spending for every issue on this report, not this bill alone, and none of it is paid to any member of Congress. View filing
FARMERS EDUCATIONAL COOPERATIVE UNION OF AMERICA · lobbying firm or registrant: FARMERS EDUCATIONAL COOPERATIVE UNION OF AMERICA
2025 Q4 report (Oct 1, 2025 – Dec 31, 2025) · posted Jan 20, 2026 · issue area: Agriculture
$100,000
Spent on own lobbying
…for beef. S.1312 - Meat and Poultry Special Investigator Act; support for establishing an "Office of the Special Investigator for Competition Matters" at USDA. S.469 - Family Farm and Small Business Exemption Act; support for exempting family farms and small businesses with less than 100 full-time employees from reporting l…
Congress inferred from the report year; bill number and the title cited with it match Congress.gov records, and the bill predates the report. The amount is lobbying spending for every issue on this report, not this bill alone, and none of it is paid to any member of Congress. View filing
FARM CREDIT COUNCIL · lobbying firm or registrant: FARM CREDIT COUNCIL
2025 Q3 report (Jul 1, 2025 – Sep 30, 2025) · posted Oct 20, 2025 · issue area: Agriculture
$110,000
Spent on own lobbying
…rs Act NASS Modernization Legislation USDA Express Loan Program Act H.R.5010 Farm Credit Adjustment Act Agriculture economic and disaster assistance Farmer Mac S.469/H.R. 1131 Family Farm and Small Business Exemption Act
Congress inferred from the report year; bill number and the title cited with it match Congress.gov records, and the bill predates the report. The amount is lobbying spending for every issue on this report, not this bill alone, and none of it is paid to any member of Congress. View filing
PENNSYLVANIA FARM BUREAU · lobbying firm or registrant: PENNSYLVANIA FARM BUREAU
2025 Q3 report (Jul 1, 2025 – Sep 30, 2025) · posted Oct 20, 2025 · issue area: Education
$20,000
Spent on own lobbying
SUPPORT FOR THE FOLLOWING BILLS: - S.469/H.R.1131, the Family Farm and Small Business Exemption Act, which would restore the exemptions family farm and small business assets from the FAFSA calculation…
Congress inferred from the report year; bill number and the title cited with it match Congress.gov records, and the bill predates the report. The amount is lobbying spending for every issue on this report, not this bill alone, and none of it is paid to any member of Congress. View filing
FARMERS EDUCATIONAL COOPERATIVE UNION OF AMERICA · lobbying firm or registrant: FARMERS EDUCATIONAL COOPERATIVE UNION OF AMERICA
2025 Q3 report (Jul 1, 2025 – Sep 30, 2025) · posted Oct 20, 2025 · issue area: Agriculture
$90,000
Spent on own lobbying
…for beef. S.1312 - Meat and Poultry Special Investigator Act; support for establishing an "Office of the Special Investigator for Competition Matters" at USDA. S.469 - Family Farm and Small Business Exemption Act; support for exempting family farms and small businesses with less than 100 full-time employees from reporting l…
Congress inferred from the report year; bill number and the title cited with it match Congress.gov records, and the bill predates the report. The amount is lobbying spending for every issue on this report, not this bill alone, and none of it is paid to any member of Congress. View filing
PENNSYLVANIA FARM BUREAU · lobbying firm or registrant: PENNSYLVANIA FARM BUREAU
2025 Q2 report (Apr 1, 2025 – Jun 30, 2025) · posted Jul 21, 2025 · issue area: Education
$20,000
Spent on own lobbying
Advocated for USDA to restore the Farm to School Grant. SUPPORT FOR THE FOLLOWING BILLS: - S.469/H.R.1131, the Family Farm and Small Business Exemption Act, which would restore the exemptions family farm and small business assets from the FAFSA calculation…
Congress inferred from the report year; bill number and the title cited with it match Congress.gov records, and the bill predates the report. The amount is lobbying spending for every issue on this report, not this bill alone, and none of it is paid to any member of Congress. View filing
FARMERS EDUCATIONAL COOPERATIVE UNION OF AMERICA · lobbying firm or registrant: FARMERS EDUCATIONAL COOPERATIVE UNION OF AMERICA
2025 Q2 report (Apr 1, 2025 – Jun 30, 2025) · posted Jul 21, 2025 · issue area: Agriculture
$60,000
Spent on own lobbying
…for beef. S.1312 - Meat and Poultry Special Investigator Act; support for establishing an "Office of the Special Investigator for Competition Matters" at USDA. S.469 - Family Farm and Small Business Exemption Act; support for exempting family farms and small businesses with less than 100 full-time employees from reporting l…
Congress inferred from the report year; bill number and the title cited with it match Congress.gov records, and the bill predates the report. The amount is lobbying spending for every issue on this report, not this bill alone, and none of it is paid to any member of Congress. View filing
FARM CREDIT COUNCIL · lobbying firm or registrant: FARM CREDIT COUNCIL
2025 Q2 report (Apr 1, 2025 – Jun 30, 2025) · posted Jul 21, 2025 · issue area: Agriculture
$140,000
Spent on own lobbying
…ure Farmers Act NASS Modernization Legislation USDA Express Loan Program Act Farm Credit Adjustment Act Agriculture economic and disaster assistance Farmer Mac S.469/H.R. 1131 Family Farm and Small Business Exemption Act
Congress inferred from the report year; bill number and the title cited with it match Congress.gov records, and the bill predates the report. The amount is lobbying spending for every issue on this report, not this bill alone, and none of it is paid to any member of Congress. View filing
PENNSYLVANIA FARM BUREAU · lobbying firm or registrant: PENNSYLVANIA FARM BUREAU
2025 Q1 report (Jan 1, 2025 – Mar 31, 2025) · amended · posted Apr 30, 2025 · issue area: Small Business
$10,000
Spent on own lobbying
ASKED TO SUPPORT THE FOLLOWING: - S.469/H.R.1131, the Family Farm and Small Business Exemption Act, which would restore the exemptions family farm and small business assets from the FAFSA calculation…
Congress inferred from the report year; bill number and the title cited with it match Congress.gov records, and the bill predates the report. The amount is lobbying spending for every issue on this report, not this bill alone, and none of it is paid to any member of Congress. View filing
FARM CREDIT COUNCIL · lobbying firm or registrant: FARM CREDIT COUNCIL
2025 Q1 report (Jan 1, 2025 – Mar 31, 2025) · posted Apr 21, 2025 · issue area: Agriculture
$140,000
Spent on own lobbying
…ure Farmers Act NASS Modernization Legislation USDA Express Loan Program Act Farm Credit Adjustment Act Agriculture economic and disaster assistance Farmer Mac S.469/H.R. 1131 - Family Farm and Small Business Exemption Act
Congress inferred from the report year; bill number and the title cited with it match Congress.gov records, and the bill predates the report. The amount is lobbying spending for every issue on this report, not this bill alone, and none of it is paid to any member of Congress. View filing
FARMERS EDUCATIONAL COOPERATIVE UNION OF AMERICA · lobbying firm or registrant: FARMERS EDUCATIONAL COOPERATIVE UNION OF AMERICA
2025 Q1 report (Jan 1, 2025 – Mar 31, 2025) · posted Apr 21, 2025 · issue area: Agriculture
$80,000
Spent on own lobbying
…for beef. S.1312 - Meat and Poultry Special Investigator Act; support for establishing an "Office of the Special Investigator for Competition Matters" at USDA. S.469 - Family Farm and Small Business Exemption Act; support for exempting family farms and small businesses with less than 100 full-time employees from reporting l…
Congress inferred from the report year; bill number and the title cited with it match Congress.gov records, and the bill predates the report. The amount is lobbying spending for every issue on this report, not this bill alone, and none of it is paid to any member of Congress. View filing