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S. 2007 115th Congress Senate

Upward Mobility Enhancement Act

Official title: A bill to amend the Internal Revenue Code of 1986 to increase the exclusion for educational assistance programs.

Introduced: January 10, 2018 See on congress.gov
Taxation Employee benefits and pensionsIncome tax exclusionInflation and pricesStudent aid and college costs
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This bill died when the 115th Congress ended
It never became law before the 115th Congress (2017–2018) 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
Oct 25, 2017
Read twice and referred to the Committee on Finance.
Oct 25, 2017
Introduced in Senate
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 Latest action October 25, 2017

Read twice and referred to the Committee on Finance.

 Plain-English summary Congressional Research Service

Upward Mobility Enhancement Act

This bill amends the Internal Revenue Code, with respect to the exclusion for educational assistance programs, to increase the maximum amount of employer-provided educational assistance that may be excluded from the gross income of an employee.

The bill: (1) specifies that the exclusion applies only to the first $11,500 of educational assistance furnished to an individual during a calendar year, and (2) requires the $11,500 amount to be adjusted for inflation after 2017.

(Under current law, the exclusion applies only to the first $5,250 of educational assistance furnished to an individual during a calendar year and is not adjusted for inflation.)

 Related & companion bills 2
  • HR 4135 Upward Mobility Enhancement Act
  • S 1938 Stronger Way Act
 Bill text 1 version

Source documents hosted by congress.gov.

 Committees of jurisdiction 1
 Cosponsors 2
All 2 Democratic 2
D
Klobuchar, Amy
Minnesota · Jan 10, 2018
 D
Cortez Masto, Catherine
Nevada · Oct 25, 2017
Cite this page click to expand
APA
U.S. Congress. (2026). S. 2007: Upward Mobility Enhancement Act. 115th Congress. Open America. https://openamerica.io/bill/115-S-2007/
MLA
"S. 2007: Upward Mobility Enhancement Act." 115th Congress, 2026, Open America, https://openamerica.io/bill/115-S-2007/.
Bluebook (legal)
S. 2007, 115th Cong. (2026), https://openamerica.io/bill/115-S-2007/.
Markdown link
[S. 2007: Upward Mobility Enhancement Act](https://openamerica.io/bill/115-S-2007/)
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