Part offederal budget →
HR7463FEDERALsigned
Enacted
Extension of Continuing Appropriations and Other Matters Act, 2024
May 7, 2026
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Where This Stands
Introduced
Committee
Floor Vote
Passed
Signed
Current status: signed.
Last action
Became Public Law No: 118-40.Mar 1, 2024
Version history & redline
5 versions on fileComparing Enrolled Bill → Public Law
[Generated by AI - not the official text]
No Material Changes Found
removed addedOfficial text
removed: [Congressional Bills 118th Congress]
added: [118th Congress Public Law 40]
[From the U.S. Government Publishing Office]
removed: [H.R. 7463 Enrolled Bill (ENR)]
H.R.7463
One Hundred Eighteenth added: [[Page 138 STAT. 17]]
Public Law 118-40
118th Congress
removed: 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.
added: <<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,
added: <<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 removed: A--EXTENSION added: 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) added: <<NOTE: Ante, p. 3.>> and
inserting ``March 22, 2024''; and
(2) by striking the date specified in section 106(4) added: <<NOTE: Ante, p. 3.>> and
inserting ``March 8, 2024''.
This division may be cited as the ``Extension of Continuing
Appropriations Act, 2024''.
added: [[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), added: <<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 removed: 116-260), added: 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) added: <<NOTE: 134 Stat. 3195.>> and section 102(b) of the FAFSA Simplification Act
Technical Corrections Act (division R of Public Law 117-103), added: <<NOTE: 136 Stat. 819.>> is
amended by striking ``or 2023'' and inserting ``2023, or 2024''.
(d) added: <<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).
added: [[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.
removed: Speaker of the added: Approved March 1, 2024.
LEGISLATIVE HISTORY--H.R. 7463:
---------------------------------------------------------------------------
CONGRESSIONAL RECORD, Vol. 170 (2024):
Feb. 29, considered and passed House removed: of Representatives.
Vice President of the United States and
removed: President of the Senate.added: <all>
Redline computed from the official version text (record lane).View this version →
The Frame
What this does
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 is mentioned in the record
Potentially affected actors named in the source documents. Mention is not a position.
Federal Agencies
Agencies receive extended funding authority through March 2024.
College Students
Students applying for financial aid will have their available income calculated using the updated formula and minimum floors defined in this act.
What changed
Current stage: signed.
What's next
Next step not available in the current record.
Summary
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.
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.
- 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.
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.
News Coverage
No news coverage found yet. Articles are indexed twice daily.
Discoveries
Patterns POLISCOPE noticed across the record. These are observations to investigate, not conclusions.
policy shift100% confidence
FAFSA Calculation Adjustment
The act introduces a negative floor for available income for the 2024-2025 year, which is a specific, time-bound adjustment to the FAFSA formula.
Connected Entities
Analysis Score
0–100- Significance90How much this matters to a regular citizen
- Controversy20Intensity of disagreement among stakeholders
- Entertainment10Compellingness for a non-policy-wonk reader
- Buzz40Current news / social attention level
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