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- H.R.553
H.R.553: Education Affordability Act of 1997
About This Bill
- This bill was introduced in the 105th Congress
- This bill is primarily about taxation
- Introduced Feb. 4, 1997
- Latest Major Action Aug. 5, 1997
Bill Sponsor
Bill Cosponsors
57 (53 Democrats, 1 Independent Democrat, 4 Republicans)
Bill Summary
Education Affordability Act of 1997 - Amends the Internal Revenue Code to: (1) exclude qualified scholarships and fellowships from income; (2) allow the deduction of interest on qualified educational loans; and (3) permit distributions from individual retirement accounts to be used for qualified educational expenses.
(Source: Library of Congress)
Bill Actions
Date | Description |
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Sponsor introductory remarks on measure.
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Referred to the House Committee on Ways and Means.
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See H.R.2014.
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Feb. 4, 1997 |
Introduced in the House by David E. Price (D-N.C.) |