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HR 686 107th Congress House Taxation Education Finance and Financial Sector Higher education Income tax Interest Personal income tax Student loan funds Tax deductions

To amend the Internal Revenue Code of 1986 to repeal the 60-month limitation period on the allowance of a deduction of interest on loans for higher education expenses.

Introduced: February 14, 2001 See on congress.gov
This bill died when the 107th Congress ended
It never became law before the 107th Congress (2001–2002) 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
Aug 13, 2001
See H.R.1836.
Feb 14, 2001
Introduced in House
Feb 14, 2001
Referred to the House Committee on Ways and Means.
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 Plain-English summary Congressional Research Service
Amends the Internal Revenue Code to eliminate the 60-month limit on student loan interest deductions.
What's happening now August 13, 2001

See H.R.1836.

 Related & companion bills 1
 Bill text 1 version

Source documents hosted by congress.gov.

 Committees of jurisdiction 1
Cite this page click to expand
APA
U.S. Congress. (2026). H.R. 686: To amend the Internal Revenue Code of 1986 to repeal the 60-month limitation period on the allowance of a deduction of interest on loans for higher education expenses.. 107th Congress. Open America. https://openamerica.io/bill/107-HR-686/
MLA
"H.R. 686: To amend the Internal Revenue Code of 1986 to repeal the 60-month limitation period on the allowance of a deduction of interest on loans for higher education expenses.." 107th Congress, 2026, Open America, https://openamerica.io/bill/107-HR-686/.
Bluebook (legal)
H.R. 686, 107th Cong. (2026), https://openamerica.io/bill/107-HR-686/.
Markdown link
[H.R. 686: To amend the Internal Revenue Code of 1986 to repeal the 60-month limitation period on the allowance of a deduction of interest on loans for higher education expenses.](https://openamerica.io/bill/107-HR-686/)
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