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HR 553 105th Congress House Taxation College costs Education Educational finance Finance and Financial Sector Higher education Income tax Individual retirement accounts Interest Labor and Employment Personal income tax Scholarships Student loan funds Tax deductions Tax exclusion Tax penalties Tax-deferred compensation plans

Education Affordability Act of 1997

Introduced: February 4, 1997 See on congress.gov
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This bill died when the 105th Congress ended
It never became law before the 105th Congress (1997–1998) 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 4 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Aug 5, 1997
See H.R.2014.
Feb 4, 1997
Referred to the House Committee on Ways and Means.
Feb 4, 1997
Sponsor introductory remarks on measure. (CR E150)
Feb 4, 1997
Introduced in House
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 Plain-English summary Congressional Research Service

Education Affordability Act of 1997 - Amends the Internal Revenue Code to: (1) exclude qualified scholarships and fellowships from income; (2) allow the deduction of interest on qualified educational loans; and (3) permit distributions from individual retirement accounts to be used for qualified educational expenses.

What's happening now August 5, 1997

See H.R.2014.

 Related & companion bills 1
  • HR 2014 Procedurally related Taxpayer Relief Act of 1997
 Bill text 1 version

Source documents hosted by congress.gov.

 Committees of jurisdiction 1
 Cosponsors 9
All 9 Democratic 8 Independent 1
D
Kaptur, Marcy
Ohio · Jul 22, 1997
 D
Norton, Eleanor Holmes
District of Columbia · May 1, 1997
 D
Pallone, Frank
New Jersey · May 1, 1997
 I
Sanders, Bernard
Vermont · May 1, 1997
 D
Thompson, Bennie G.
Mississippi · Mar 21, 1997
 D
McGovern, James P.
Massachusetts · Mar 17, 1997
 D
DeGette, Diana
Colorado · Mar 11, 1997
 D
Lofgren, Zoe
California · Mar 11, 1997
 D
Pelosi, Nancy
California · Feb 12, 1997
Cite this page click to expand
APA
U.S. Congress. (2026). H.R. 553: Education Affordability Act of 1997. 105th Congress. Open America. https://openamerica.io/bill/105-HR-553/
MLA
"H.R. 553: Education Affordability Act of 1997." 105th Congress, 2026, Open America, https://openamerica.io/bill/105-HR-553/.
Bluebook (legal)
H.R. 553, 105th Cong. (2026), https://openamerica.io/bill/105-HR-553/.
Markdown link
[H.R. 553: Education Affordability Act of 1997](https://openamerica.io/bill/105-HR-553/)
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