US taxes for American student in UK

Hi all - I'm a US citizen doing my PhD in the UK. I do not have to pay taxes here on the maintenance stipend I receive from the university, but I am aware that I may have to pay US taxes on it. I simply report this as income when I file US taxes, correct?

Also, I'm hoping the new tax bill doesn't get passed, but if it does...I'm wondering if that means I also have to report my tuition waiver?! (In the US, if this bill passes grad students will be taxed not only on the stipend they receive for teaching classes but also on the estimated imaginary tuition they don't have to pay.) 

Gaaaak! They're going to tax the tuition waiver??? Oh, jeezushkeyrist. 

Gaaaak! They're going to tax the tuition waiver??? Oh, jeezushkeyrist. 

Yeah, I read about this a few days ago.  It's exceedingly stupid.  How will grad students get by?  They barely survive as it is!

Gaaaak! They're going to tax the tuition waiver??? Oh, jeezushkeyrist. 

The House has passed a bill. The Senate still have to pass their version of tax reform. The 2 bills then have to go into reconciliation committee(s) before a final bill goes to Trump for signing into law.

Lots of things may yet change, including no bill being passed.

The House has passed a bill. The Senate still have to pass their version of tax reform. The 2 bills then have to go into reconciliation committee(s) before a final bill goes to Trump for signing into law.

Lots of things may yet change, including no bill being passed.

So true.  This is not a popular tax plan.  Even some House Republicans broke rank and voted against it.

Foreign Earned Income disregard apply here, by any stretch?