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H.R.655 - Student Loan Repayment Assistance Act of 2019116th Congress (2019-2020) |

Bill

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Sponsor: Rep. Brownley, Julia [D-CA-26] (Introduced 01/17/2019)
Committees: House - Ways and Means
Latest Action: House - 03/01/2019 Referred to the Subcommittee on Worker and Family Support.  (All Actions)

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This bill has the status Introduced

Here are the steps for Status of Legislation:

  1. Introduced
  2. Passed House
  3. Passed Senate
  4. To President
  5. Became Law

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  • Constitutional Authority Statement
  • CBO Cost Estimates [0]

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Summary: H.R.655 — 116th Congress (2019-2020)All Information (Except Text)

There is one summary for H.R.655. Bill summaries are authored by CRS.

Shown Here:
Introduced in House (01/17/2019)

Student Loan Repayment Assistance Act of 2019

This bill allows a business-related tax credit for an employer's payments for employees under a student loan repayment program. The credit is equal to 10% of the amounts that an employer pays on behalf of any employee under a program and is refundable for certain small businesses and tax-exempt organizations. The payments for an employee may not exceed $500 per month.