HR7463: Extension of Continuing Appropriations and Other Matters Act, 2024

What This Bill Does

This federal law extends government funding deadlines to prevent a shutdown and modifies the FAFSA student aid application process. It sets new dates for agency funding and adjusts how student income is calculated for financial aid eligibility.

Why it matters

This act prevents a federal government shutdown by extending funding deadlines to March 8 and March 22, 2024, and adjusts the financial aid calculation formula for college students.

Who It Affects

Groups the bill's text affects, as described in the record. Being affected is not a position for or against it.

Directly affected

Federal Agencies

Agencies receive extended funding authority through March 2024.

Directly affected

College Students

Students applying for financial aid will have their available income calculated using the updated formula and minimum floors defined in this act.

Key Facts

Extends federal funding deadlines to March 8, 2024, and March 22, 2024, to avoid a government shutdown.
Appropriates $1.17 billion for fiscal year 2024 for student aid programs.
Appropriates $3.17 billion for fiscal year 2025 for student aid programs.
Appropriates $2.17 billion for fiscal year 2026 for student aid programs.

Show all 10 facts

Appropriates $1.236 billion for fiscal year 2027 and each subsequent year for student aid programs.
Sets the student available income calculation to 50 percent of total income minus adjustments.
Establishes a minimum available income floor of -$1,500 for the 2024-2025 award year.
Sets the minimum available income floor to zero for the 2025-2026 award year and beyond.
Exempts the budgetary effects of this act from Statutory PAYGO scorecards.
Exempts the budgetary effects of this act from Senate PAYGO scorecards.

Frequently Asked Questions

Does this bill prevent a government shutdown?

Yes, it extends the deadline for federal funding to March 8 and March 22, 2024.

How does this change my FAFSA application?

It modifies the formula used to calculate a student's '' and sets specific floors for that calculation for the 2024-2025 and 2025-2026 award years.

What else do you want to know?

News Coverage

No news coverage found yet. Articles are indexed twice daily.

Where This Stands

Current status: Signed into law.

Procedural history

21 actions

Mar 1, 2024PresidentEnrolled
Became Public Law No: 118-40.
Mar 1, 2024PresidentEnrolled
Signed by President.
Mar 1, 2024PresidentEnrolled
Presented to President.
Mar 1, 2024Senate
Message on Senate action sent to the House.
Feb 29, 2024SenateFloor
Passed Senate, under the order of 2/29/2024, having achieved 60 votes in the affirmative, without amendment by Yea-Nay Vote. 77 - 13. Record Vote Number: 67.
Feb 29, 2024SenateFloor
Passed/agreed to in Senate: Passed Senate, under the order of 2/29/2024, having achieved 60 votes in the affirmative, without amendment by Yea-Nay Vote. 77 - 13. Record Vote Number: 67.

Show 15 earlier actions

Feb 29, 2024Senate
Motion by Senator Cruz to commit to Senate Committee on Appropriations with instructions rejected in Senate by Yea-Nay Vote. 32 - 58. Record Vote Number: 66. (text: CR S1071)
Feb 29, 2024Senate
Motion by Senator Lee to commit to Senate Committee on Appropriations with instructions rejected in Senate by Yea-Nay Vote. 12 - 77. Record Vote Number: 65. (text: CR S1070)
Feb 29, 2024Senate
Motion by Senator Marshall to commit to Senate Committee on Appropriations with instructions rejected in Senate by Yea-Nay Vote. 14 - 76. Record Vote Number: 64. (text: CR S1069)
Feb 29, 2024Senate
Measure laid before Senate by unanimous consent. (consideration: CR S1068-1072)
Feb 29, 2024Senate
Received in the Senate.
Feb 29, 2024House
Motion to reconsider laid on the table Agreed to without objection.
Feb 29, 2024HouseFloor
On motion to suspend the rules and pass the bill Agreed to by the Yeas and Nays: (2/3 required): 320 - 99 (Roll no. 58). (text: CR H759-760)
Feb 29, 2024HouseFloor
Passed/agreed to in House: On motion to suspend the rules and pass the bill Agreed to by the Yeas and Nays: (2/3 required): 320 - 99 (Roll no. 58). (text: CR H759-760)
Feb 29, 2024House
Considered as unfinished business. (consideration: CR H764-765)
Feb 29, 2024House
At the conclusion of debate, the Yeas and Nays were demanded and ordered. Pursuant to the provisions of clause 8, rule XX, the Chair announced that further proceedings on the motion would be postponed.
Feb 29, 2024House
DEBATE - The House proceeded with forty minutes of debate on H.R. 7463.
Feb 29, 2024House
Considered under suspension of the rules. (consideration: CR H759-764)
Feb 29, 2024House
Ms. Granger moved to suspend the rules and pass the bill.
Feb 28, 2024HouseCommittee
Referred to the Committee on Appropriations, and in addition to the Committee on the Budget, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.
Feb 28, 2024HouseIntroduced
Introduced in House

Version history & redline

5 versions on file

Comparing Enrolled Bill → Public Law

[Generated by AI - not the official text]

No Material Changes Found

118th Congress

removed addedOfficial text

[Congressional Bills 118th Congress] [118th Congress Public Law 40] [From the U.S. Government Publishing Office] [H.R. 7463 Enrolled Bill (ENR)] H.R.7463 One Hundred Eighteenth [[Page 138 STAT. 17]] Public Law 118-40 118th Congress of the United States of America AT THE SECOND SESSION Begun and held at the City of Washington on Wednesday, the third day of January, two thousand and twenty-four An Act Making further continuing appropriations for fiscal year 2024, and for other purposes. <<NOTE: Mar. 1, 2024 - [H.R. 7463]>> Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled, <<NOTE: Extension of Continuing Appropriations and Other Matters Act, 2024.>> SECTION 1. SHORT TITLE. This Act may be cited as the ``Extension of Continuing Appropriations and Other Matters Act, 2024''. SEC. 2. TABLE OF […] reference to ``this Act'' contained in any division of this Act shall be treated as referring only to the provisions of that division. DIVISION A--EXTENSION A <<NOTE: Extension of Continuing Appropriations Act, 2024.>> --EXTENSION OF CONTINUING APPROPRIATIONS ACT, 2024 Sec. 101. The Continuing Appropriations Act, 2024 (division A of Public Law 118-15) is further amended-- (1) by striking the date specified in section 106(3) <<NOTE: Ante, p. 3.>> and inserting ``March 22, 2024''; and (2) by striking the date specified in section 106(4) <<NOTE: Ante, p. 3.>> and inserting ``March 8, 2024''. This division may be cited as the ``Extension of Continuing Appropriations Act, 2024''. [[Page 138 STAT. 18]] DIVISION B--OTHER MATTERS SEC. 101. MODIFICATION TO FAFSA. (a) In General.--Section 475(g)(1) of the Higher Education Act of 1965 (20 U.S.C. 1087oo(g)(1)), as amended by the FAFSA Simplification Act (title VII of division FF of Public Law 116-260), <<NOTE: 134 Stat. 3144.>> is further amended to read as follows: ``(1) In general.--The student's available income is equal to-- ``(A) the difference between the student's total income […] the Higher Education Act of 1965 (20 U.S.C. 1070a(b)(7)(A))), as amended by the FAFSA Simplification Act (title VII of division FF of Public Law 116-260), 116- 260), <<NOTE: 134 Stat. 3195.>> is further amended to read as follows: ``(A) In general.--In addition to any funds appropriated under paragraph (6) and any funds made available for […] Higher Education Act of 1965 (20 U.S.C. 1070a(b)(7)(B)(i)), as amended by the FAFSA Simplification Act (title VII of division FF of Public Law 116-260) <<NOTE: 134 Stat. 3195.>> and section 102(b) of the FAFSA Simplification Act Technical Corrections Act (division R of Public Law 117-103), <<NOTE: 136 Stat. 819.>> is amended by striking ``or 2023'' and inserting ``2023, or 2024''. (d) <<NOTE: 20 USC 1070a note.>> Effective Date.--The amendments made by this section shall take effect and apply as if included in the FAFSA Simplification Act and in accordance with […] of this division shall not be entered on any PAYGO scorecard maintained for purposes of section 4106 of H. Con. Res. 71 (115th Congress). [[Page 138 STAT. 19]] (c) Classification of Budgetary Effects.--Notwithstanding Rule 3 of the Budget Scorekeeping Guidelines set forth in the joint explanatory statement of the committee of conference […] and (3) for purposes of paragraph (4)(C) of section 3 of the Statutory Pay-As-You-Go Act of 2010 as being included in an appropriation Act. Speaker of the Approved March 1, 2024. LEGISLATIVE HISTORY--H.R. 7463: --------------------------------------------------------------------------- CONGRESSIONAL RECORD, Vol. 170 (2024): Feb. 29, considered and passed House of Representatives. Vice President of the United States and President of the Senate.<all>

What This Bill Does

Who It Affects

Key Facts

Frequently Asked Questions

News Coverage

Where This Stands

Procedural history

Version history & redline

Voting Record

Full breakdown

Sponsors

Discoveries

FAFSA Calculation Adjustment

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