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To amend the Internal Revenue Code of 1986 to allow qualified scholarship funding corporations to access tax-exempt financing for alternative private student loans.

USA115th CongressHR-480| House 
| Updated: 1/12/2017
Bill Flores

Bill Flores

Republican Representative

Texas

Cosponsors (9)
David Kustoff (Republican)Kenny Marchant (Republican)Charles J. "Chuck" Fleischmann (Republican)Henry Cuellar (Democratic)Mac Thornberry (Republican)Matt Gaetz (Republican)Mike Coffman (Republican)John J. Duncan (Republican)David P. Roe (Republican)

Ways and Means Committee

  • Introduced
  • In Committee
  • On Floor
  • Passed Chamber
  • Enacted
Student Loan Opportunity Act of 201 7 This bill amends the Internal Revenue Code, with respect to tax-exempt private activity bond financing, to: (1) eliminate a provision that restricts nonprofit scholarship funding corporations that acquire student loan notes to notes incurred under the Higher Education Act of 1965 (thus allowing such corporations to access tax-exempt financing for other types of student loans), and (2) expand the operations of such corporations to include performing student assistance related activities.
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Timeline
Jan 12, 2017
Introduced in House
Jan 12, 2017
Referred to the House Committee on Ways and Means.
  • January 12, 2017
    Introduced in House


  • January 12, 2017
    Referred to the House Committee on Ways and Means.

Taxation

Income tax exclusionSecuritiesStudent aid and college costsTax-exempt organizations

To amend the Internal Revenue Code of 1986 to allow qualified scholarship funding corporations to access tax-exempt financing for alternative private student loans.

USA115th CongressHR-480| House 
| Updated: 1/12/2017
Student Loan Opportunity Act of 201 7 This bill amends the Internal Revenue Code, with respect to tax-exempt private activity bond financing, to: (1) eliminate a provision that restricts nonprofit scholarship funding corporations that acquire student loan notes to notes incurred under the Higher Education Act of 1965 (thus allowing such corporations to access tax-exempt financing for other types of student loans), and (2) expand the operations of such corporations to include performing student assistance related activities.
View Full Text

Suggested Questions

Get AI-generated questions to help you understand this bill better

Timeline
Jan 12, 2017
Introduced in House
Jan 12, 2017
Referred to the House Committee on Ways and Means.
  • January 12, 2017
    Introduced in House


  • January 12, 2017
    Referred to the House Committee on Ways and Means.
Bill Flores

Bill Flores

Republican Representative

Texas

Cosponsors (9)
David Kustoff (Republican)Kenny Marchant (Republican)Charles J. "Chuck" Fleischmann (Republican)Henry Cuellar (Democratic)Mac Thornberry (Republican)Matt Gaetz (Republican)Mike Coffman (Republican)John J. Duncan (Republican)David P. Roe (Republican)

Ways and Means Committee

Taxation

  • Introduced
  • In Committee
  • On Floor
  • Passed Chamber
  • Enacted
Income tax exclusionSecuritiesStudent aid and college costsTax-exempt organizations