,i  #aafth ,,congress  #ast ,session    
,h4 ,r4 #ecei  ,,in ,,the ,,house ,,of  
,,representatives  ,december #f1        
#bjai,mr4 ,stivers 7for himself1 ,miss  
,rice of ,new ,york1 ,mr4 ,katko1 ,ms4  
,spanberger1 and ,ms4 ,kendra ,s4 ,horn 
of ,oklahoma7 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 expand the exclusion 
for employer-provided educational       
assistance and to expand the            
availability of the student loan        
interest deduction4  #a4 ,short title   
,this ,act may be cited as the          
,decreasing ,employees ,burdensome      
,taxes from ,student ,loans ,act of     
#bjai or the ,,debt ,act of #bjai4  #b4 
,exclusion for employer payment of      
qualified education loans  7a7 ,in      
general ,section #abg7;c77#a7 of the    
,internal ,revenue ,code of #aihf is    
amended by striking and at the end of   
subparagraph 7,a71 by redesignating     

subparagraph 7,b7 as subparagraph 7,c71 
and by inserting after subparagraph 7,a7
 the following new subparagraph3  7,b7  
the payment by an employer1 whether paid
 to the employee or to a lender1 of     
principal or interest on any qualified  
education loan 7as defined in section   
#bba7;d77#a77 incurred by the employee1 
and  4  7b7 ,denial of double benefit   
,section #bba7;e77#a7 of such ,code is  
amended by inserting before the period  
at the end the following3 1 or for any  
amount which is excludable from gross   
income under section #abg7;c77#a77;,b74 
7c7 ,effective date ,the amendments made
 by this section shall apply to payments
 made by employers after ,december #ca1 
#bjai4  #c4 ,increase in maximum amount 
excludable under educational assistance 
programs  7a7 ,in general ,the text of  
paragraph 7#b7 of section #abg7;a7 of   
the ,internal ,revenue ,code of #aihf is
 amended by striking #e1bej both places 
it appears and inserting #aj1jjj4  7b7  
,conforming amendment ,the heading for  

section #abg7;a77#b7 of such ,code is   
amended by striking #e1bej maximum and  
inserting ,maximum4  7c7 ,effective date
 ,the amendments made by this section   
shall apply to payments made by         
employers after ,december #ca1 #bjai4   
#d4 ,modification of deduction for      
interest on education loans  7a7        
,increased maximum deduction ,section   
#bba7;b77#a7 of the ,internal ,revenue  
,code of #aihf is amended by striking   
#b1ejj and inserting #e1jjj4  7b7       
,increased income limitation ,section   
#bba7;b77#b77;,b77ii7 of such ,code is  
amended by striking #ae1jjj 7#cj1jjj and
 inserting #he1jjj 7#aae1jjj4  7c7      
,effective date ,the amendment made by  
this section shall apply to taxable     
years beginning after ,december #ca1    
#bjai4