< Back to H.R. 2573 (113th Congress, 2013–2015)

Text of the Student Loan Opportunity Act of 2013

This bill was assigned to a congressional committee on June 28, 2013, which will consider it before possibly sending it on to the House or Senate as a whole. The text of the bill below is as of Jun 28, 2013 (Introduced).

I

113th CONGRESS

1st Session

H. R. 2573

IN THE HOUSE OF REPRESENTATIVES

June 28, 2013

(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 2013 .

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.