Employer Participation in Repayment Act

119 S772 IS: Employer Participation in Repayment Act U.S. Senate 2025-02-27 text/xml EN Pursuant to Title 17 Section 105 of the United States Code, this file is not subject to copyright protection and is in the public domain. II 119th CONGRESS 1st Session S. 772 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. 1. Short title This Act may be cited as the Employer Participation in Repayment Act . 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.