,i  #aae? ,,congress  #b;d ,session  ,h4
 ,r4 #fgfg  ,,9 ,,! ,,h\se ,,(          
,,repres5tatives  ,septemb] #aj1        
#bjah,mr4 ,pauls5 introduc$ ! foll[+    
bill2 :i* 0 ref]r$ to ! ,committee on   
,ways & ,means  ,a ,,bill  ,to am5d !   
,int]nal ,rev5ue ,code ( #aihf to all[  
qualifi$ education loan repaym5ts f     
section #ebi plans4  #a4 ,qualifi$      
education loan repaym5ts all[$ f section
 #ebi plans  7a7 ,9 g5]al ,section      
#ebi7;c7 ( ! ,int]nal ,rev5ue ,code (   
#aihf is am5d$ by add+ at ! end ! foll[+
 new p>agraph3  7#h7 ,treatm5t (        
qualifi$ education loan repaym5ts  7,a7 
,9 g5]al ,any ref]5ce 9 ?is subsection  
to ! t]m qualifi$ high] education exp5se
 %all include a ref]5ce to am\nts paid z
 pr9cipal or int]e/ on any qualifi$     
education loan 7z def9$ 9 section       
#bba7;d77 ( ! designat$ b5efici>y or a  
sibl+ ( ! designat$ b5efici>y4  7,b7    
,limitation ,! am\nt ( di/ributions     
treat$ z a qualifi$ high] education     
exp5se "u ?is p>agraph ) respect to !   

loans ( any individual %all n exce$     
#aj1jjj 7r$uc$ by ! am\nt ( di/ributions
 s treat$ = all prior taxable ye>s74    
7,c7 ,special rules = sibl+s ( !        
designat$ b5efici>y  7i7 ,sep>ate       
acc\nt+ ,= purposes ( subp>agraph 7,b7 &
 subsection 7d71 am\nts treat$ z a      
qualifi$ high] education exp5se )       
respect to ! loans ( a sibl+ ( !        
designat$ b5efici>y %all be tak5 into   
acc\nt ) respect to su* sibl+ & n )     
respect to su* designat$ b5efici>y4     
7ii7 ,sibl+ def9$ ,= purposes ( ?is     
p>agraph1 ! t]m sibl+ means an          
individual :o be>s a relation%ip to !   
designat$ b5efici>y :i* is describ$ 9   
section #aeb7;d77#b77;,b74  4  7b7      
,coord9ation ) d$uction = /ud5t loan    
int]e/ ,section #bba7;e77#a7 ( su* ,code
 is am5d$ by add+ at ! end ! foll[+3 ,! 
d$uction o!rwise all[able "u subsection 
7a7 7prior to ! application ( subsection
 7b77 to ! taxpay] = any taxable ye>    
%all be r$uc$ 7b n bel[ z]o7 by s mu* ( 
! di/ributions treat$ z a qualifi$ high]

 education exp5se "u section            
#ebi7;c77#h7 ) respect to loans ( !     
taxpay] z w\ld be includible 9 gross    
income "u section #ebi7;c77#c77;,a7 =   
su* taxable ye> b = su* treatm5t44  7c7 
,effective date ,! am5dm5ts made by ?is 
section %all apply to di/ributions made 
aft] ! date ( ! enactm5t ( ?is ,act4