Student Loan Opportunity Act of 2017
- Last Action
- 1/12/2017
Actions
- 2017-01-12Referred to the House Committee on Ways and Means.
- 2017-01-12Introduced in House
- 2017-01-12Introduced in House
CRS Summary
As of 2017-01-12 (00)
Student Loan Opportunity Act of 2017
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.
Cosponsors (9)
- WILLIAM THORNBERRY (R-TX)
- Kenny Marchant (R-TX)
- Matt Gaetz (R-FL)
- David Roe (R-TN)
- Henry Cuellar (D-TX)
- Mike Coffman (R-CO)
- David Kustoff (R-TN)
- JOHN DUNCAN (R-TN)
- Charles Fleischmann (R-TN)
Subjects
- Income tax exclusion
- Securities
- Student aid and college costs
- Tax-exempt organizations
Sourced from Congress.gov (public domain).
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