Bill SponsorBILLSPONSOR
Bill Sponsor
Politicians
Bills
House Bill 795
115th Congress(2017-2018)
Employer Participation in Student Loan Assistance Act
Introduced
Introduced
Introduced in House on Feb 1, 2017
Overview
Text
Introduced in House 
Feb 1, 2017
Not Scanned for Linkage
About Linkage
Multiple bills can contain the same text. This could be an identical bill in the opposite chamber or a smaller bill with a section embedded in a larger bill.
Bill Sponsor regularly scans bill texts to find sections that are contained in other bill texts. When a matching section is found, the bills containing that section can be viewed by clicking "View Bills" within the bill text section.
Bill Sponsor is currently only finding exact word-for-word section matches. In a future release, partial matches will be included.
Introduced in House(Feb 1, 2017)
Feb 1, 2017
Not Scanned for Linkage
About Linkage
Multiple bills can contain the same text. This could be an identical bill in the opposite chamber or a smaller bill with a section embedded in a larger bill.
Bill Sponsor regularly scans bill texts to find sections that are contained in other bill texts. When a matching section is found, the bills containing that section can be viewed by clicking "View Bills" within the bill text section.
Bill Sponsor is currently only finding exact word-for-word section matches. In a future release, partial matches will be included.
Jump To
H. R. 795 (Introduced-in-House)


115th CONGRESS
1st Session
H. R. 795


To amend the Internal Revenue Code of 1986 to extend the exclusion for employer-provided educational assistance to employer payments of qualified education loans.

IN THE HOUSE OF REPRESENTATIVES

February 1, 2017

Mr. Rodney Davis of Illinois (for himself, Mr. Peters, Ms. Stefanik, Mr. Polis, Mr. MacArthur, Ms. Pingree, Mr. Crawford, Mr. Blumenauer, Mr. Ellison, Mr. Vargas, Mr. Beyer, Mr. Swalwell of California, Mr. Rouzer, Mr. Blum, Mr. Nolan, Mr. Young of Iowa, Mr. Bucshon, Mrs. Lawrence, Mr. Ted Lieu of California, Ms. Kuster of New Hampshire, Mr. Himes, Mr. Costello of Pennsylvania, and Ms. Brownley of California) introduced the following bill; which was referred to the Committee on Ways and Means

A BILL

To amend the Internal Revenue Code of 1986 to extend the exclusion for employer-provided educational assistance to employer payments of qualified education loans.

Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled,

SECTION 1. Short title.

This Act may be cited as the “Employer Participation in Student Loan Assistance Act”.

SEC. 2. Exclusion for employer payment of qualified education loans.

(a) In general.—Section 127(c)(1) of the Internal Revenue Code of 1986 is amended by striking “and” at the end of subparagraph (A), by redesignating subparagraph (B) as subparagraph (C), and by inserting after subparagraph (A) the following new subparagraph:

“(B) the payment by an employer, whether paid to the employee or to a lender, of principal or interest on any qualified education loan (as defined in section 221(d)(1)) incurred by the employee, and”.

(b) Denial of double benefit.—Section 221(e)(1) of such Code is amended by inserting before the period at the end the following: “, or for any amount which is excludable from gross income under section 127(c)(1)(B)”.

(c) Effective date.—The amendments made by this section shall apply to payments made by employers after December 31, 2017.