Bill · S. 3761· Senate(119-S-3761)
Student Loan Bond Expansion Act of 2026
- Introduced
- 2/3/2026
- Last activity
- 2/3/2026 — Read twice and referred to the Committee on Finance.
- Sponsored by
- Chuck Grassley
- Cosponsors
- - 1 - 3
- Introduced
- In Committee
What this bill would do
This bill, titled the "Student Loan Bond Expansion Act of 2026," aims to amend the Internal Revenue Code of 1986. It specifically seeks to exempt qualified student loan bonds from the volume cap. Additionally, the bill seeks to exempt these bonds from the alternative minimum tax. These changes involve redesignating certain paragraphs and clauses within the existing code. The new rules would apply to obligations issued after the act's enactment date.
Yes· 3 of 8
Does this make college cost less?+3
The bill expands the ability to issue qualified student loan bonds by exempting them from the volume cap and alternative minimum tax.
Would people in their twenties and thirties be better off under this?+2
Expanding student loan bond capacity can increase the availability of financing for higher education.
Would students be better off under this?+2
The bill expands the issuance of qualified student loan bonds used for student financing.
The opposite
No question was scored the opposite.
Who it would affect, and how
Potential Positive Impacts for People
-
Exemption From Volume Cap: Under Section 2(a)(1), qualified student loan bonds would be added as an exception to the volume cap. This change impacts how student loan bonds are categorized under Section 146(g) of the Internal Revenue Code of 1986.
-
Special Rule for Pooled Financing: Section 2(a)(2) amends Section 149(f)(6) so that the term "ultimate borrower" does not include any student borrower for the purposes of qualified student loan bonds.
-
Exemption From Alternative Minimum Tax: Under Section 2(b), the bill amends Section 57(a)(5)(C) to state that "private activity bond" will not include a qualified student loan bond issued after the date of the enactment of the clause.
Potential Negative Impacts for People
- No negative impacts or burdens are explicitly stated in the provided text.
Groups and Interests Ranking
Every group the model scored this bill for, from -10 to +10. Hover a score for the reason it gave.
- Demographic And Interest Groups
- Good For Students+2Good For Young Adults+2Good For Low Income Households+1
- Education And Technology
- Improves College Affordability+3Improves Student Loan Relief+1
- Economy And Finance
- Improves Economic Growth+2Reduces Capital Gains Tax+1
- Social Issues And Justice
- Improves Poverty Reduction+2
- 3/2/2026
- 1 Cosponsor added.
- 2/10/2026
- 1 Cosponsor added.
- 2/3/2026
- Read twice and referred to the Committee on Finance.
- 2 Cosponsors added.
- Introduced in Senate
One bill Congress.gov lists as related to this one — companions in the other chamber, earlier versions, and bills this one absorbed or was folded into.
Bill CassidyRepublican · Louisiana
John ReedDemocrat · Rhode Island
Tina SmithDemocrat · Minnesota
Peter WelchDemocrat · Vermont