Bill · S. 772· Senate(119-S-772)
Employer Participation in Repayment Act
- Introduced
- 2/27/2025
- Last activity
- 2/27/2025 — Read twice and referred to the Committee on Finance.
- Sponsored by
- Mark Warner
- Cosponsors
- - 0 - 1
- Introduced
- In Committee
What this bill would do
This bill, known as the "Employer Participation in Repayment Act," aims to change the Internal Revenue Code of 1986. It specifically targets the treatment of certain employer payments toward student loans made under educational assistance programs. The legislation seeks to make the current exclusion for these payments permanent. By removing the expiration date of January 1, 2026, the tax exclusion will no longer be temporary. This change would apply to payments made after the Act is enacted.
Yes· 3 of 5
Would people in their twenties and thirties be better off under this?+5
Young adults are more likely to be managing student loan debt and benefit from the permanent tax exclusion on employer repayments.
Would middle-income households be better off under this?+5
Middle-class households often utilize employer-sponsored educational assistance and benefit from the permanent tax exclusion.
Would students be better off under this?+5
The bill provides long-term certainty for students and recent graduates receiving help with student loan repayments through their employers.
The opposite
No question was scored the opposite.
Who it would affect, and how
Potential Positive Impacts for People
- Permanent Tax Exclusion for Student Loan Repayment: By striking the language that limits the exclusion to payments made before January 1, 2026, in Section 2(a), the bill ensures that employers can continue to make certain student loan payments that are excluded from an employee's taxable income on a permanent basis.
Potential Negative Impacts for People
- No negative impacts are explicitly mentioned 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 Middle Class Households+5Good For Students+5Good For Young Adults+5
- Economy And Finance
- Reduces Middle Class Taxes+5
- Education And Technology
- Improves Student Loan Relief+5
- 2/27/2025
- Read twice and referred to the Committee on Finance.
- 1 Cosponsor 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.
John ThuneRepublican · South Dakota