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Employer Participation in Repayment Act
To amend the Internal Revenue Code of 1986 to make the exclusion for certain employer payments of student loans under educational assistance programs permanent.
Summary
This bill makes permanent a tax provision that allows employers to pay employee student loan debt without those payments being treated as taxable income to the employee. Currently, this employer student loan assistance benefit is scheduled to expire on January 1, 2026. The bill removes that expiration date, allowing the benefit to continue indefinitely. The change applies to payments made after the bill is enacted.
AI-generated plain-language summary of the bill text — neutral, and may be imperfect. See the full text below for the exact wording.
Sponsor (1)
- Sen. Warner, Mark R. [D-VA] (D-VA)
1 cosponsor
- Sen. Thune, John [R-SD] (R-SD)
Actions (2)
- Feb 27, 2025 Read twice and referred to the Committee on Finance. · senate
- Feb 27, 2025 Introduced in Senate
Similar bills (6)
Bills with similar text or summary — includes reintroductions across Congresses. Ranked by semantic similarity of the bill text (computed locally); a neutral discovery aid, not a claim the bills are duplicates.
Full text
IN THE SENATE OF THE UNITED STATES
February 27, 2025
Mr. Warner (for himself and Mr. Thune) introduced the following bill; which was read twice and referred to the Committee on Finance
A BILL
To amend the Internal Revenue Code of 1986 to make the exclusion for certain employer payments of student loans under educational assistance programs permanent.
Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled,
SECTION 1. SHORT TITLE.
This Act may be cited as the “Employer Participation in Repayment Act”.
SEC. 2. EXCLUSION FOR CERTAIN EMPLOYER PAYMENTS OF STUDENT LOANS UNDER EDUCATIONAL ASSISTANCE PROGRAMS MADE PERMANENT.
(a) In General.—Section 127(c)(1)(B) of the Internal Revenue Code of 1986 is amended by striking “in the case of payments made before January 1, 2026,”.
(b) Effective Date.—The amendment made by this section shall apply to payments made after the date of the enactment of this Act. <all>
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