,,ii  #aac? ,,congress  #b;d ,session   
,s4 #bdbi  ,,9 ,,! ,,s5ate ,,( ,,!      
,,unit$ ,,/ates  ,june #d1 #bjad ,mr4   
,w>n] 7= himself & ,mr4 ,?une7 introduc$
 ! foll[+ bill2 :i* 0 read twice &      
ref]r$ to ! ,committee on ,f9ance  ,a   
,,bill  ,to am5d ! ,int]nal ,rev5ue     
,code ( #aihf to ext5d ! exclusion =    
employ]-provid$ educational assi/ance to
 employ] paym5t ( int]e/ on c]ta9       
ref9anc$ /ud5t loans4  #a4 ,%ort title  
,?is ,act may be cit$ z ! ,employ]      
,p>ticipation 9 ,ref9anc+ ,act4  #b4    
,exclusion = employ] paym5t ( int]e/ on 
c]ta9 ref9anc$ /ud5t loans  7a7 ,9 g5]al
 ,p>agraph 7#a7 ( section #abg7;c7 ( !  
,int]nal ,rev5ue ,code ( #aihf is am5d$ 
by /rik+ & at ! end ( subp>agraph 7,a71 
by r$esignat+ subp>agraph 7,b7 z        
subp>agraph 7,c71 & by ins]t+ aft]      
subp>agraph 7,a7 ! foll[+ new           
subp>agraph3  7,b7 ! paym5t by an       
employ]1 :e!r paid to ! employee or to a
 l5d]1 ( any indebt$ness ( ! employee "u
 a qualifi$ education ref9ance loan or  

any int]e/ relat+ to su* a loan1 &  4   
7b7 ,qualifi$ education ref9ance loan   
,subsection 7c7 ( section #abg ( !      
,int]nal ,rev5ue ,code ( #aihf is am5d$ 
by add+ at ! end ! foll[+ new p>agraph3 
7#h7 ,qualifi$ education ref9ance loan  
,! t]m qualifi$ education ref9ance loan 
means any indebt$ness us$ solely to     
ref9ance a qualifi$ education loan 7)9 !
 mean+ ( section #bba7;d77#a77 ) respect
 to :i* ! l5d] (f]s ! borr[] protection 
9 ! ev5t ( unemploym5t or f9ancial      
h>d%ip 7z reasonably det]m9$ by ! l5d]1 
includ+ p]iods ( =be>ance or c>e]       
assi/ance74  4  7c7 ,con=m+ am5dm5t2    
d5ial ( d\ble b5efit ,p>agraph 7#a7 (   
section #bba7;e7 ( ! ,int]nal ,rev5ue   
,code ( #aihf is am5d$ by ins]t+ be=e ! 
p]iod ! foll[+3 1 or = :i* an exclusion 
is all[able "u section #abg to !        
taxpay]'s employ] by reason ( ! paym5t  
by su* employ] ( any indebt$ness on a   
qualifi$ education loan ( ! taxpay]4    
7d7 ,effective date ,! am5dm5ts made by 
?is section %all apply to exp5ses paid  

aft] ,decemb] #ca1 #bjad4