S 2429
113th Congress
Senate
Taxation
Employee benefits and pensions
Income tax exclusion
Interest, dividends, interest rates
Student aid and college costs
Unemployment
Employer Participation in Refinancing Act
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
Plain-English summary
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.
What's happening now
Read twice and referred to the Committee on Finance.
Committees of jurisdiction
1
Cosponsors
1