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Text of the Student Loan Opportunity Act of 2012

This bill was introduced on July 26, 2012, in a previous session of Congress, but was not enacted. The text of the bill below is as of Jul 26, 2012 (Introduced).

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Source: GPO

I

112th CONGRESS

2d Session

H. R. 6209

IN THE HOUSE OF REPRESENTATIVES

July 26, 2012

(for himself and Mr. Cuellar) introduced the following bill; which was referred to the Committee on Ways and Means

A BILL

To amend the Internal Revenue Code of 1986 to allow qualified scholarship funding corporations to access tax-exempt financing for alternative private student loans.

1.

Short title

This Act may be cited as the Student Loan Opportunity Act of 2012.

2.

Qualified scholarship funding corporation tax-exempt financing for alternative private student loans

(a)

In general

Paragraph (2) of section 150(d) of the Internal Revenue Code of 1986 is amended by striking established and and incurred under the Higher Education Act of 1965 in subparagraph (A) thereof.

(b)

Effective date

The amendment made by this section shall apply to bonds issued after the date of enactment of this Act.