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HR 959 103th Congress House Taxation College costs Education Income tax Interest Scholarships Student loan funds Tax deductions Tax exclusion

To amend the Internal Revenue Code of 1986 to restore the prior law exclusion for scholarships and fellowships and to restore the deduction for interest on educational loans.

Introduced: February 17, 1993 See on congress.gov
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This bill died when the 103rd Congress ended
It never became law before the 103rd Congress (1993–1994) adjourned, and bills don't carry over to the next Congress. It would have to be reintroduced. You can still save it for reference, but it won't receive updates.
 Everywhere this bill has been 3 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Feb 17, 1993
Referred to the House Committee on Ways and Means.
Feb 17, 1993
Sponsor introductory remarks on measure. (CR H651)
Feb 17, 1993
Introduced in House
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 Plain-English summary Congressional Research Service

Repeals provisions of the Tax Reform Act of 1986 that restrict the types of scholarships and fellowship grants that may be excluded from gross income for income tax purposes.

Amends the Internal Revenue Code to allow an income tax deduction for interest on a qualified educational loan incurred to pay the educational expenses of the taxpayer, spouse, or dependent.

What's happening now February 17, 1993

Referred to the House Committee on Ways and Means.

 Bill text 1 version

Source documents hosted by congress.gov.

 Committees of jurisdiction 1
 Cosponsors 10
All 10 Democratic 9 Independent 1
D
Nadler, Jerrold
New York · Jul 14, 1993
 D
Markey, Edward J.
Massachusetts · Apr 28, 1993
 D
Cantwell, Maria
Washington · Mar 10, 1993
 D
DeLauro, Rosa L.
Connecticut · Feb 17, 1993
 D
Durbin, Richard J.
Illinois · Feb 17, 1993
 D
Norton, Eleanor Holmes
District of Columbia · Feb 17, 1993
 D
Pelosi, Nancy
California · Feb 17, 1993
 I
Sanders, Bernard
Vermont · Feb 17, 1993
 D
Schumer, Charles E.
New York · Feb 17, 1993
 D
Wyden, Ron
Oregon · Feb 17, 1993
Cite this page click to expand
APA
U.S. Congress. (2026). H.R. 959: To amend the Internal Revenue Code of 1986 to restore the prior law exclusion for scholarships and fellowships and to restore the deduction for interest on educational loans.. 103rd Congress. Open America. https://openamerica.io/bill/103-HR-959/
MLA
"H.R. 959: To amend the Internal Revenue Code of 1986 to restore the prior law exclusion for scholarships and fellowships and to restore the deduction for interest on educational loans.." 103rd Congress, 2026, Open America, https://openamerica.io/bill/103-HR-959/.
Bluebook (legal)
H.R. 959, 103rd Cong. (2026), https://openamerica.io/bill/103-HR-959/.
Markdown link
[H.R. 959: To amend the Internal Revenue Code of 1986 to restore the prior law exclusion for scholarships and fellowships and to restore the deduction for interest on educational loans.](https://openamerica.io/bill/103-HR-959/)
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