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Student Loan Bonds: Tax Exemptions for Easier Education Financing

This new bill aims to ease the financing of student loans by exempting certain bonds from specific taxes. This could allow financial institutions to offer more favorable terms, potentially lowering borrowing costs for students and their families. The changes may lead to greater accessibility of higher education.
Key points
Qualified student loan bonds will be exempt from volume caps and the alternative minimum tax.
This could reduce the cost of funding student loans, potentially leading to lower interest rates for students.
The changes apply to bonds issued after the bill's enactment date.
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Introduced
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Additional Information
Print number: 119_HR_2660
Sponsor: Rep. Feenstra, Randy [R-IA-4]
Process start date: 2025-04-07
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Summarized by: gemini-2.5-flash
Source data: api.congress.gov
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OFFICIAL LEGAL TITLE

To amend the Internal Revenue Code of 1986 to exempt qualified student loan bonds from the volume cap and the alternative minimum tax.

FREQUENTLY ASKED QUESTIONS

What is the official ID of this bill?

The official print number for this legislation is 119_HR_2660.

Which chamber initiated this legislation?

This legislation was initiated in the House of Representatives.

When did the legislative process begin?

The process officially started on 2025-04-07.

What are the main provisions?

Key points include:

  • Qualified student loan bonds will be exempt from volume caps and the alternative minimum tax.
  • This could reduce the cost of funding student loans, potentially leading to lower interest rates for students.
  • The changes apply to bonds issued after the bill's enactment date.
What is the specific legal status?

The current status is Introduced.

Where can I read the full text of this legislation?

The full official text is available at: View full text

Who is the primary sponsor?

The primary sponsor is Rep. Feenstra, Randy [R-IA-4].

What is the latest detailed status?

The latest detailed status is: Referred to the House Committee on Ways and Means.

Is this summary verified?

Yes. This content was analyzed by AI and verified by the Lustra Judge System on 2025-12-22.

CATEGORIES

Education Taxes