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RCP Congressional Bill Tracker - H.R. 3822

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H.R. 3822: Student Loan Opportunity Act of 2015

Title: Student Loan Opportunity Act of 2015

Introduced: Oct 23, 2015 (114th Congress)

Sponsor: Rep. Bill Flores [R-TX17]

Status: Referred to Committee - Referred to the House Committee on Ways and Means.

Summary: Student Loan Opportunity Act of 2015 This bill amends the Internal Revenue Code, with respect to tax-exempt private activity bond financing, to: (1) eliminate the restriction on nonprofit corporations that acquire student loan notes to notes incurred under the Higher Education Act of 1965 (thus allowing such corporations to access tax-exempt financing for other types of student loans), and (2) expand the operations of such corporations to include performing student assistance related activities.

Votes


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