US SB2429 | 2013-2014 | 113th Congress

Status

Spectrum: Slight Partisan Bill (Republican 2-1)
Status: Introduced on June 4 2014 - 25% progression, died in committee
Action: 2014-06-04 - Read twice and referred to the Committee on Finance.
Pending: Senate Finance Committee
Text: Latest bill text (Introduced) [PDF]

Summary

Employer Participation in Refinancing Act - Amends the Internal Revenue Code to allow an exclusion from gross income for the payment of an employer, either to an employee or a lender, of any indebtedness of an employee under a qualified education refinance loan or any interest relating to such a loan. Defines "qualified education refinance loan" as any indebtedness used solely to refinance a qualified education loan with respect to which the lender offers the borrower protection in the event of unemployment or financial hardship.

Tracking Information

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Title

Employer Participation in Refinancing Act

Sponsors


History

DateChamberAction
2014-06-04SenateRead twice and referred to the Committee on Finance.

Same As/Similar To

HB5578 (Same As) 2014-09-18 - Referred to the House Committee on Ways and Means.

Subjects


US Congress State Sources


Bill Comments

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