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S 512 108th Congress Senate

Generating Opportunity by Forgiving Educational Debt for Service Act of 2003

Official title: A bill to amend the internal Revenue Code of 1986 to exclude from gross income amounts paid on behalf of Federal employees under Federal student loan repayment programs.

Introduced: March 4, 2003 See on congress.gov
Taxation Economics and Public FinanceEducationFederal aid to educationFederal employees
More subjectsShow fewer subjects
Government Operations and PoliticsHigher educationIncome taxLabor and EmploymentOld age, survivors and disability insuranceRecruiting of employeesScholarshipsSocial WelfareStudent loan fundsTax exclusionWages
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This bill died when the 108th Congress ended
It never became law before the 108th Congress (2003–2004) 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 2 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Mar 4, 2003
Read twice and referred to the Committee on Finance.
Mar 4, 2003
Introduced in Senate
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 Latest action March 4, 2003

Read twice and referred to the Committee on Finance.

 Plain-English summary Congressional Research Service
Generating Opportunity by Forgiving Educational Debt for Service Act of 2003 - Amends the Internal Revenue Code and the Social Security Act to exclude: (1) from the gross income of a Federal employee amounts the Federal Government repays on the employee's student loans; and (2) such payments from counting as wages for the calculation of Social Security taxes.
 Related & companion bills 1
  • HR 1056 Identical bill Generating Opportunity by Forgiving Educational Debt for Service Act of 2003
 Bill text 1 version

Source documents hosted by congress.gov.

 Committees of jurisdiction 1
 Cosponsors 1
All 1 Democratic 1
D
Durbin, Richard J.
Illinois · Mar 4, 2003
Cite this page click to expand
APA
U.S. Congress. (2026). S. 512: Generating Opportunity by Forgiving Educational Debt for Service Act of 2003. 108th Congress. Open America. https://openamerica.io/bill/108-S-512/
MLA
"S. 512: Generating Opportunity by Forgiving Educational Debt for Service Act of 2003." 108th Congress, 2026, Open America, https://openamerica.io/bill/108-S-512/.
Bluebook (legal)
S. 512, 108th Cong. (2026), https://openamerica.io/bill/108-S-512/.
Markdown link
[S. 512: Generating Opportunity by Forgiving Educational Debt for Service Act of 2003](https://openamerica.io/bill/108-S-512/)
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