US SB796 | 2017-2018 | 115th Congress
Status
Spectrum: Bipartisan Bill
Status: Introduced on March 30 2017 - 25% progression, died in committee
Action: 2017-03-30 - Read twice and referred to the Committee on Finance.
Pending: Senate Finance Committee
Text: Latest bill text (Introduced) [PDF]
Status: Introduced on March 30 2017 - 25% progression, died in committee
Action: 2017-03-30 - Read twice and referred to the Committee on Finance.
Pending: Senate Finance Committee
Text: Latest bill text (Introduced) [PDF]
Summary
Employer Participation in Repayment Act of 2017 This bill amends the Internal Revenue Code to expand the tax exclusion for employer-provided educational assistance to include an employer's payments to an employee or lender for the principal or interest on any qualified education loan incurred by an employee.
Title
Employer Participation in Repayment Act of 2017
Sponsors
| Sen. Mark Warner [D-VA] | Sen. John Thune [R-SD] | Sen. Angus King [I-ME] | Sen. Shelley Capito [R-WV] |
| Sen. Jon Tester [D-MT] | Sen. Kirsten Gillibrand [D-NY] | Sen. Susan Collins [R-ME] | Sen. Amy Klobuchar [D-MN] |
| Sen. Robert Casey [D-PA] | Sen. Christopher Murphy [D-CT] | Sen. Steve Daines [R-MT] | Sen. Bill Nelson [D-FL] |
| Sen. Doug Jones [D-AL] | Sen. Pat Roberts [R-KS] | Sen. Roy Blunt [R-MO] | Sen. Richard Blumenthal [D-CT] |
| Sen. Martin Heinrich [D-NM] | Sen. Edward Markey [D-MA] | Sen. Tom Udall [D-NM] | Sen. Orrin Hatch [R-UT] |
| Sen. Todd Young [R-IN] | Sen. Margaret Hassan [D-NH] | Sen. John Hoeven [R-ND] | Sen. Mike Rounds [R-SD] |
| Sen. Cory Booker [D-NJ] |
History
| Date | Chamber | Action |
|---|---|---|
| 2017-03-30 | Senate | Read twice and referred to the Committee on Finance. |
Same As/Similar To
SB2648 (Related) 2018-04-11 - Read twice and referred to the Committee on Finance.
Subjects
Employee benefits and pensions
Income tax exclusion
Interest, dividends, interest rates
Student aid and college costs
Taxation
Income tax exclusion
Interest, dividends, interest rates
Student aid and college costs
Taxation
US Congress State Sources
| Type | Source |
|---|---|
| Summary | https://www.congress.gov/bill/115th-congress/senate-bill/796/all-info |
| Text | https://www.congress.gov/115/bills/s796/BILLS-115s796is.pdf |
