; and (2) by adjusting the other dollar amounts to reflect the changes made pursuant to paragraph (1). (f) Consumer Price Index defined In this section, the term Consumer Price Index means the Consumer Price Index for All Urban Consumers published by the Department of Labor. Each annual update of tables to reflect changes in the Consumer Price Index shall be corrected for misestimation of actual changes in such Index in previous years. (g) Employment expense allowance For each award year after award year 2020–2021, the Secretary shall publish in the Federal Register a revised table of employment expense allowances for the purpose of sections 475(c)(4), 476(b)(3), and 477(b)(4). Such revised table shall be developed by increasing the dollar amount specified in sections 475(c)(4), 476(b)(3), and 477(b)(4) to reflect the inflationary adjustment that is used for the income protection allowances in subsection (b). . (h) Applicants exempt from asset reporting Section 479 ( 20 U.S.C. 1087ss ) is amended to read as follows: 479. Applicants exempt from asset reporting (a) In general Notwithstanding any other provision of law, this section shall be effective for each individual seeking to apply for Federal financial aid under this title, as part of the simplified application for Federal student financial aid under section 483. (b) Applicants exempt from asset reporting (1) In general Except as provided in paragraph (3), in carrying out section 483, the Secretary shall not use asset information from an eligible applicant or, as applicable, the parent or spouse of an eligible applicant. (2) Eligible applicants In this subsection, the term eligible applicant means an applicant who meets at least one of the following criteria: (A) Is an applicant who qualifies for an automatic zero student aid index or automatic negative student aid index under subsection (b), (c) or (d) of section 473. (B) Is an applicant who is a dependent student and the student’s parents have a total adjusted gross income (excluding any income of the