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<bill bill-stage="Introduced-in-Senate" dms-id="A1" public-private="public" slc-id="S1-AEG23128-7DY-DP-LP4"><metadata xmlns:dc="http://purl.org/dc/elements/1.1/"> |
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<dc:title>118 S1004 IS: Student Loan Tax Elimination Act </dc:title> |
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<dc:publisher>U.S. Senate</dc:publisher> |
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<dc:date>2023-03-28</dc:date> |
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<dc:format>text/xml</dc:format> |
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<dc:language>EN</dc:language> |
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<dc:rights>Pursuant to Title 17 Section 105 of the United States Code, this file is not subject to copyright protection and is in the public domain.</dc:rights> |
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<distribution-code display="yes">II</distribution-code><congress>118th CONGRESS</congress><session>1st Session</session><legis-num>S. 1004</legis-num><current-chamber>IN THE SENATE OF THE UNITED STATES</current-chamber><action><action-date date="20230328">March 28, 2023</action-date><action-desc><sponsor name-id="S397">Mr. Braun</sponsor> (for himself, <cosponsor name-id="S403">Ms. Sinema</cosponsor>, <cosponsor name-id="S366">Ms. Warren</cosponsor>, <cosponsor name-id="S399">Mr. Hawley</cosponsor>, <cosponsor name-id="S390">Mr. Van Hollen</cosponsor>, <cosponsor name-id="S337">Mr. Coons</cosponsor>, <cosponsor name-id="S362">Mr. Kaine</cosponsor>, and <cosponsor name-id="S306">Mr. Menendez</cosponsor>) introduced the following bill; which was read twice and referred to the <committee-name committee-id="SSHR00">Committee on Health, Education, Labor, and Pensions</committee-name></action-desc></action><legis-type>A BILL</legis-type><official-title>To amend the Higher Education Act of 1965 to eliminate origination fees on Federal Direct loans. </official-title></form><legis-body display-enacting-clause="yes-display-enacting-clause"><section section-type="section-one" id="S1"><enum>1.</enum><header>Short title</header><text display-inline="no-display-inline">This Act may be cited as the <quote><short-title>Student Loan Tax Elimination Act </short-title></quote>.</text></section><section id="id3208F362F8BD4319A60650DC949AD74C"><enum>2.</enum><header>Elimination of origination fees on Federal Direct loans</header><subsection id="id7A58E82FE3CB42D7B35AE967691EE00E"><enum>(a)</enum><header>Repeal of origination fees</header><text>Subsection (c) of section 455 of the Higher Education Act of 1965 (<external-xref legal-doc="usc" parsable-cite="usc/20/1087e">20 U.S.C. 1087e(c)</external-xref>) is repealed.</text></subsection><subsection id="id619CACDCCF7A4F739E41E8DECB87A2A5"><enum>(b)</enum><header>Effective date</header><text>The amendment made by subsection (a) shall apply with respect to loans made under part D of title IV of the Higher Education Act of 1965 (<external-xref legal-doc="usc" parsable-cite="usc/20/1087a">20 U.S.C. 1087a et seq.</external-xref>) for which the first disbursement of principal is made, or, in the case of a Federal Direct Consolidation Loan, the application is received, on or after March 27, 2022. </text></subsection></section></legis-body></bill> |
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