,i  #aaeth ,,congress  #ast ,session    
,h4 ,r4 #dhj  ,,in ,,the ,,house ,,of   
,,representatives  ,january #ab1        
#bjag,mr4 ,flores 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 qualified      
scholarship funding corporations to     
access tax-exempt financing for         
alternative private student loans4  #a4 
,short title ,this ,act may be cited as 
the ,student ,loan ,opportunity ,act of 
#bjag4  #b4 ,qualified scholarship      
funding corporation tax-exempt financing
 for alternative private student loans  
7a7 ,in general ,section                
#aej7;d77#b77;,a7 of the ,internal      
,revenue ,code of #aihf is amended--    
7#a7 by striking established and1  7#b7 
by striking incurred under the ,higher  
,education ,act of #aife1 and  7#c7 by  
inserting and performing student        
assistance related activities after     
student loan notes4  7b7 ,student       

assistance related activities ,section  
#aej7;d7 of such ,code is amended by    
adding at the end the following new     
paragraph3  7#d7 ,student assistance    
related activities ,for purposes of this
 subsection1 the term student assistance
 related activities includes maintaining
 loan documentation1 handling           
communications with schools and         
borrowers1 monitoring the student       
borrower's location and continued       
enrollment1 default prevention1 offering
 borrower education and college access  
programs1 borrower outreach and         
financial literacy training1            
disseminating information about student 
loan programs and higher education      
finance matters1 and similar charitable 
and educational activities4  4  7c7     
,requalification as qualified           
scholarship funding corporation ,section
 #aej7;d7 of such ,code1 as amended by  
subsection 7b71 is amended by adding at 
the end the following new paragraph3    
7#e7 ,requalification as qualified      

scholarship funding corporation ,a      
corporation that meets the requirements 
of subparagraphs 7,a7 and 7,b7 of       
section #aej7;d77#b7 shall not fail to  
be treated as a qualified scholarship   
funding corporation solely because such 
corporation ceased to be a corporation  
described in section #aej7;d77#b7 after 
the date of the enactment of the ,health
 ,care and ,education ,reconciliation   
,act of #bjaj4  4  7d7 ,effective date  
,the amendments made by this section    
shall apply to bonds issued after the   
date of the enactment of this ,act4