HR 655
116th Congress
House
Taxation
Employee benefits and pensions
Income tax credits
Small business
Student aid and college costs
Student Loan Repayment Assistance Act of 2019
Introduced: January 17, 2019
Introduced by:
Brownley, Julia
Democratic
· California
See on congress.gov
Everywhere this bill has been
4 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Mar 1, 2019
Referred to the Subcommittee on Worker and Family Support.
Jan 28, 2019
Sponsor introductory remarks on measure. (CR H1234)
Jan 17, 2019
Referred to the House Committee on Ways and Means.
Jan 17, 2019
Introduced in House
Plain-English summary
Student Loan Repayment Assistance Act of 2019
This bill allows a business-related tax credit for an employer's payments for employees under a student loan repayment program. The credit is equal to 10% of the amounts that an employer pays on behalf of any employee under a program and is refundable for certain small businesses and tax-exempt organizations. The payments for an employee may not exceed $500 per month.
What's happening now
Referred to the Subcommittee on Worker and Family Support.
Committees of jurisdiction
2