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S 2429 113th Congress Senate

Employer Participation in Refinancing Act

Official title: A bill to amend the Internal Revenue Code of 1986 to extend the exclusion for employer-provided educational assistance to employer payment of interest on certain refinanced student loans.

Introduced: June 4, 2014 Introduced by: Warner, Mark R. Democratic · Virginia See on congress.gov
Taxation Employee benefits and pensionsIncome tax exclusionInterest, dividends, interest ratesStudent aid and college costsUnemployment
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This bill died when the 113th Congress ended
It never became law before the 113th Congress (2013–2014) 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
Jun 4, 2014
Read twice and referred to the Committee on Finance.
Jun 4, 2014
Introduced in Senate
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 Latest action June 4, 2014

Read twice and referred to the Committee on Finance.

 Plain-English summary Congressional Research Service

Employer Participation in Refinancing Act - Amends the Internal Revenue Code to allow an exclusion from gross income for the payment of an employer, either to an employee or a lender, of any indebtedness of an employee under a qualified education refinance loan or any interest relating to such a loan.  Defines "qualified education refinance loan" as any indebtedness used solely to refinance a qualified education loan with respect to which the lender offers the borrower protection in the event of unemployment or financial hardship.

 Related & companion bills 1
  • HR 5578 Identical bill Employer Participation in Refinancing Act
 Bill text 1 version

Source documents hosted by congress.gov.

 Committees of jurisdiction 1
 Cosponsors 1
All 1 Republican 1
R
Thune, John
South Dakota · Jun 4, 2014
Cite this page click to expand
APA
U.S. Congress. (2026). S. 2429: Employer Participation in Refinancing Act. 113th Congress. Open America. https://openamerica.io/bill/113-S-2429/
MLA
"S. 2429: Employer Participation in Refinancing Act." 113th Congress, 2026, Open America, https://openamerica.io/bill/113-S-2429/.
Bluebook (legal)
S. 2429, 113th Cong. (2026), https://openamerica.io/bill/113-S-2429/.
Markdown link
[S. 2429: Employer Participation in Refinancing Act](https://openamerica.io/bill/113-S-2429/)
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