,i  #aaeth ,,congress  #ast ,session    
,h4 ,r4 #bhc  ,,in ,,the ,,house ,,of   
,,representatives  ,january #d1         
#bjag,ms4 ,stefanik introduced the      
following bill2 which was referred to   
the ,committee on ,ways and ,means  ,a  
,,bill  ,to amend the ,internal ,revenue
 ,code of #aihf to allow without penalty
 any #ebi plan distributions used for   
student loan payments4  #a4 ,short title
 ,this ,act may be cited as the ,student
 ,debt ,repayment ,fairness ,act4  #b4  
,student loan payments from qualified   
tuition plans not subject to penalty tax
  7a7 ,in general ,section #ebi7;c77#f7 
of the ,internal ,revenue ,code of #aihf
 is amended--  7#a7 by inserting 7,a7   
,in general4-- before ,the tax and      
moving the text #b ems to the right2 and
  7#b7 by adding at the end the         
following3  7,b7 ,student loans  7i7 ,in
 general ,subparagraph 7,a7 shall not   
apply to any payment or distribution in 
any taxable year which is includible in 
gross income and is used to pay         

principal or interest on indebtedness   
incurred solely to pay qualified higher 
education expenses of the designated    
beneficiary or member of the family of  
the designated beneficiary which are    
attributable to education furnished     
during a period during which the        
beneficiary or family member was a      
student at the institution providing    
such education4  7ii7 ,refinanced loans 
,for purposes of clause 7i71 the term   
indebtedness includes indebtedness used 
to refinance indebtedness described in  
clause 7i74  4  7b7 ,effective date ,the
 amendment made by subsection 7a7 shall 
apply to payments made in taxable years 
beginning after ,december #ca1 #bjaf4