Employer Participation in Refinancing Act
Bill journey · stage 2 of 5
Under committee review
What it doesSummary introduced in senate (Jun 4, 2014)
Employer Participation in Refinancing Act - Amends the Internal Revenue Code to allow an exclusion from gross income for the payment of an employer, either to an employee or a lender, of any indebtedness of an employee under a qualified education refinance loan or any interest relating to such a loan. Defines "qualified education refinance loan" as any indebtedness used solely to refinance a qualified education loan with respect to which the lender offers the borrower protection in the event of unemployment or financial hardship.
What just happenedJun 4, 2014
Read twice and referred to the Committee on Finance.
Who’s behind it
- Introduced in SenateJun 4, 2014
- Jun 4, 2014IntroReferral
Read twice and referred to the Committee on Finance.
- Jun 4, 2014IntroReferral10000
Introduced in Senate