,i  #aaf? ,,congress  #a/ ,session  ,h4 
,r4 #ecei  ,,9 ,,! ,,h\se ,,(           
,,repres5tatives  ,decemb] #f1 #bjai,mr4
 ,/iv]s 7= himself1 ,miss ,rice ( ,new  
,york1 ,mr4 ,katko1 ,ms4 ,spanb]g]1 &   
,ms4 ,k5dra ,s4 ,horn ( ,oklahoma7      
introduc$ ! foll[+ bill2 :i* 0 ref]r$ to
 ! ,committee on ,ways & ,means  ,a     
,,bill  ,to am5d ! ,int]nal ,rev5ue     
,code ( #aihf to exp& ! exclusion =     
employ]-provid$ educational assi/ance & 
to exp& ! availability ( ! /ud5t loan   
int]e/ d$uction4  #a4 ,%ort title ,?is  
,act may be cit$ z ! ,decreas+          
,employees ,burd5some ,taxes f ,/ud5t   
,loans ,act ( #bjai or ! ,,debt ,act (  
#bjai4  #b4 ,exclusion = employ] paym5t 
( qualifi$ education loans  7a7 ,9 g5]al
 ,section #abg7;c77#a7 ( ! ,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 ( pr9cipal or int]e/ on any      
qualifi$ education loan 7z def9$ 9      
section #bba7;d77#a77 incurr$ by !      
employee1 &  4  7b7 ,d5ial ( d\ble      
b5efit ,section #bba7;e77#a7 ( su* ,code
 is am5d$ by ins]t+ be=e ! p]iod at !   
end ! foll[+3 1 or = any am\nt :i* is   
excludable f gross income "u section    
#abg7;c77#a77;,b74  7c7 ,effective date 
,! am5dm5ts made by ?is section %all    
apply to paym5ts made by employ]s aft]  
,decemb] #ca1 #bjai4  #c4 ,increase 9   
maximum am\nt excludable "u educational 
assi/ance programs  7a7 ,9 g5]al ,! text
 ( p>agraph 7#b7 ( section #abg7;a7 ( ! 
,int]nal ,rev5ue ,code ( #aihf is am5d$ 
by /rik+ #e1bej bo? places x appe>s &   
ins]t+ #aj1jjj4  7b7 ,con=m+ am5dm5t ,! 
head+ = section #abg7;a77#b7 ( su* ,code
 is am5d$ by /rik+ #e1bej maximum &     
ins]t+ ,maximum4  7c7 ,effective date ,!
 am5dm5ts made by ?is section %all apply
 to paym5ts made by employ]s aft]       
,decemb] #ca1 #bjai4  #d4 ,modification 

( d$uction = int]e/ on education loans  
7a7 ,increas$ maximum d$uction ,section 
#bba7;b77#a7 ( ! ,int]nal ,rev5ue ,code 
( #aihf is am5d$ by /rik+ #b1ejj &      
ins]t+ #e1jjj4  7b7 ,increas$ income    
limitation ,section                     
#bba7;b77#b77;,b77ii7 ( su* ,code is    
am5d$ by /rik+ #ae1jjj 7#cj1jjj & ins]t+
 #he1jjj 7#aae1jjj4  7c7 ,effective date
 ,! am5dm5t made by ?is section %all    
apply to taxable ye>s beg9n+ aft]       
,decemb] #ca1 #bjai4