S5420Referred to Committee

A bill to amend the Internal Revenue Code of 1986 to increase the qualified elementary and secondary education scholarships credit limit for married taxpayers filing a joint return.

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Introduced
In Committee
3
Passed One Chamber
4
Passed Both
5
Signed into Law
119th
Congress
2026-09-17
Introduced
0
Cosponsors
S
ⓘ
Type

Sponsor

Bill Cassidy
Bill Cassidy
Republican · LA · Senator
Votes with party: 75.5% (865 recorded votes)
Top industries funding sponsor:
  • Climate & Environment$8,471k

Full profile: /officials/C001075

Source: Congress.gov · FEC

Cosponsors (0)

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

No cosponsors on record. Bills can pass without cosponsors — this often means the sponsor introduced the bill alone, either because it's a messaging bill, a chairman's mark, or simply early in the legislative cycle.

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 →

Read twice and referred to the Committee on Finance.

2026-09-17

Source: Congress.gov

Committee Activity

Currently in

Plain-English Summary

Plain-English summary pending. Introduced on 2026-09-17. Check back soon — summaries are generated as bills progress through Congress.

Subjects

Taxation

Full Bill Text

Verbatim text published on Congress.gov via GovInfo. Use Cmd+F / Ctrl+F to search within this excerpt.

[Congressional Bills 119th Congress] [From the U.S. Government Publishing Office] [S. 5420 Introduced in Senate (IS)] <DOC> 119th CONGRESS 2d Session S. 5420 To amend the Internal Revenue Code of 1986 to increase the qualified elementary and secondary education scholarships credit limit for married taxpayers filing a joint return. _______________________________________________________________________ IN THE SENATE OF THE UNITED STATES September 17, 2026 Mr. Cassidy introduced the following bill; which was read twice and referred to the Committee on Finance _______________________________________________________________________ A BILL To amend the Internal Revenue Code of 1986 to increase the qualified elementary and secondary education scholarships credit limit for married taxpayers filing a joint return. Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled, SECTION 1. QUALIFIED ELEMENTARY AND SECONDARY EDUCATION SCHOLARSHIPS CREDIT LIMIT FOR MARRIED TAXPAYERS FILING JOINTLY. (a) In General.--Section 25F(b)(1) of the Internal Revenue Code of 1986 is amended by inserting ``(200 percent such amount in the case of a joint return)'' before the period at the end. (b) Effective Date.--The amendment made by this section shall apply to taxable years beginning after December 31, 2025. <all>
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