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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
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This bill died when the 110th Congress ended
It never became law before the 110th Congress (2007–2008) 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
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
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 Plain-English summary Congressional Research Service

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 March 29, 2007

Read twice and referred to the Committee on Finance.

 Related & companion bills 1
  • HR 2363 Identical bill Generating Opportunity by Forgiving Educational Debt for Service Act of 2007
 Bill text 1 version

Source documents hosted by congress.gov.

 Committees of jurisdiction 1
 Cosponsors 1
All 1 Republican 1
R
Collins, Susan M.
Maine · Mar 29, 2007
Cite this page click to expand
APA
U.S. Congress. (2026). S. 1047: Generating Opportunity by Forgiving Educational Debt for Service Act of 2007. 110th Congress. Open America. https://openamerica.io/bill/110-S-1047/
MLA
"S. 1047: Generating Opportunity by Forgiving Educational Debt for Service Act of 2007." 110th Congress, 2026, Open America, https://openamerica.io/bill/110-S-1047/.
Bluebook (legal)
S. 1047, 110th Cong. (2026), https://openamerica.io/bill/110-S-1047/.
Markdown link
[S. 1047: Generating Opportunity by Forgiving Educational Debt for Service Act of 2007](https://openamerica.io/bill/110-S-1047/)
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