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
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
Plain-English summary
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
See H.R.2014.
Committees of jurisdiction
1