Sec. 4. Study and procedures on determining family size
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Not later than 1 year after the date of the enactment of this Act, the Secretary of Education shall— jointly with the Secretary of the Treasury, conduct a study, which meets the specifications described in subsection (b), on the effect of using data from the Internal Revenue Service on the deduction for personal exemptions provided by section 151 of the Internal Revenue Code of 1986 for a proxy for family size in an income-driven repayment plan, and publish such study in the Federal Register; use the results of the study conducted under paragraph
(1)to develop procedures for determining family size for the automatic recertification of income for an income-driven repayment plan in a manner that minimizes burdens and unintended harm to borrowers; publish the procedures developed under paragraph
(2)in the Federal Register; and after a notice and comment period on such procedures, use such comments to finalize the procedures. The study conducted under subsection (a)(1) shall— determine how closely such personal exemptions match the family size that borrowers report on their income-driven repayment plan request form; compare the borrower’s actual monthly payment amount with the monthly payment amount borrowers would have using family size information derived from tax returns; and use data from more than one year, where possible, to analyze how much family size changes over time. The term income-driven repayment plan has the meaning given the term in section 455(d)(7) of the Higher Education Act of 1965, as amended by this Act.