S 1047
110th Congress
Senate
Taxation
Armed Forces and National Security
Economics and Public Finance
Education
Federal aid to education
Federal employees
Government Operations and Politics
Higher education
Income tax
Labor and Employment
Old age, survivors and disability insurance
Recruiting and enlistment
Recruiting of employees
Scholarships
Social Welfare
Social security taxes
Student loan funds
Tax exclusion
Tax exemption
Wages
Generating Opportunity by Forgiving Educational Debt for Service Act of 2007
Introduced: March 29, 2007
See on congress.gov
Everywhere this bill has been
3 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Mar 29, 2007
Read twice and referred to the Committee on Finance.
Mar 29, 2007
Sponsor introductory remarks on measure. (CR S4179-4180)
Mar 29, 2007
Introduced in Senate
Plain-English summary
Generating Opportunity by Forgiving Educational Debt for Service Act of 2007 - Amends the Internal Revenue Code to exclude from gross income student loan repayments by the federal government on behalf of federal employees and members of the Armed Forces on active duty. Exempts such repayments from social security taxes.
What's happening now
Read twice and referred to the Committee on Finance.
Committees of jurisdiction
1
Cosponsors
1