HR2660Referred to Committee

To amend the Internal Revenue Code of 1986 to exempt qualified student loan bonds from the volume cap and the alternative minimum tax.

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Introduced
In Committee
3
Passed One Chamber
4
Passed Both
5
Signed into Law
119th
Congress
2025-04-07
Introduced
6
Cosponsors
HR
ⓘ
Type

Sponsor

Randy Feenstra
Randy Feenstra
Republican · IA · Representative
Votes with party: 97.7% (597 recorded votes)

Full profile: /officials/F000446

Source: Congress.gov · FEC

Cosponsors (6)

Members who have signed on to support this bill since introduction. Source: Congress.gov.

Latest Action

The most recent step in the bill's legislative path. Committee Activity below shows referrals and reports; the full action-by-action history including floor proceedings lives at Congress.gov →

Referred to the House Committee on Ways and Means.

2025-04-07

Source: Congress.gov

Committee Activity

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Plain-English Summary

This bill would allow states and nonprofits to issue more bonds to help pay for student loans without hitting federal limits on how many such bonds they can issue, and would make these bonds exempt from the alternative minimum tax that high-income individuals sometimes have to pay. The change would make it cheaper and easier for organizations to raise money through these bonds to help students finance their education. Students and borrowers could potentially benefit from lower interest rates or more available loan options as a result.

AI-assisted summary generated from the official bill metadata (title, subjects, actions) sourced from Congress.gov. Cached and reviewed. Always verify against the official text linked below.

Subjects

Taxation
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Bills by the same sponsor or covering overlapping subjects.