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United States · Bill · S

S. 2149 (100th)

A bill to amend the Internal Revenue Code of 1986 to allow State secondary markets of student loan notes to continue serving the educational needs of post-secondary students and the Nation.

openUnited States· United States Congress· EN

Introduced

4 March 1988

Last action

15 March 1988 · Committee

Status

Committee on Finance. Hearings held.

Sponsors

Sen. Mitchell, George J. [D-ME], Sen. Heinz, John [R-PA], Sen. Pryor, David H. [D-AR], Sen. Durenberger, Dave [R-MN], Sen. Boren, David L. [D-OK], Sen. Rockefeller, John D., IV [D-WV], Sen. Danforth, John C. [R-MO], Sen. Daschle, Thomas A. [D-SD], Sen. Riegle, Donald W., Jr. [D-MI], Sen. Kennedy, Edward M. [D-MA], Sen. Kerry, John F. [D-MA], Sen. Melcher, John [D-MT], Sen. Cochran, Thad [R-MS]

Subjects

Taxation

Source updated

3 January 2025

Taxation

Official sourceView documentsShare

Summary

Amends the Internal Revenue Code to include supplemental student loan programs (not federally guaranteed) within the 18-month extended arbitrage period applied to qualified student loan bond proceeds. Makes permanent this extended arbitrage period (currently applicable only to bonds issued before 1989). Makes permanent the provision exempting qualified student loan bonds from arbitrage rebate payment requirements. (The exception currently applies only to bonds issued before 1989.) Brings supplemental student loan programs within this aribtrage rebate exception. Allows corporations authorized to issue qualified scholarship funding bonds to make or acquire loans under supplemental student loan programs. (Such corporations may currently acquire only federally-guaranteed student loan notes.)

This text is taken from the official record. PoliticalRepo does not editorialize.

Timeline

  1. 4 March 1988

    Introduced

    Read twice and referred to the Committee on Finance.

    Source: IntroReferral

  2. 4 March 1988

    Introduced

    Introduced in Senate

    Source: IntroReferral

  3. 15 March 1988

    Committee

    Committee on Finance. Hearings held.

    Source: Committee

Votes

No vote records are attached yet.

Versions

No version snapshots stored. Document URLs remain at the source.

Documents

1 official file

Leesvertaling

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Sponsors

Related records

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Sources

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