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H.R. 2660

U.S. House•In House Committee

Summary

H.R. 2660, to amend the Internal Revenue Code of 1986 to exempt qualified student loan bonds from the volume cap and the alternative minimum tax, was introduced in the House on Apr 7, 2025 by Rep. Randy Feenstra (R) with 6 co-sponsors. It was referred to Ways And Means, and last saw action on Apr 7, 2025: Referred to the House Committee on Ways and Means.

Record

Text

H.R. 2660 has 6 co-sponsors.

hb2660/introduced-in-house.txt
119 HR 2660 IH: To amend the Internal Revenue Code of 1986 to exempt qualified student loan bonds from the volume cap and the alternative minimum tax.
 U.S. House of Representatives
 2025-04-07
 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.
 I  119th CONGRESS  1st Session  H. R. 2660  IN THE HOUSE OF REPRESENTATIVES   April 7, 2025   Mr. Feenstra  introduced the following bill; which was referred to the  Committee on Ways and Means    A BILL
To amend the Internal Revenue Code of 1986 to exempt qualified student loan bonds from the volume cap and the alternative minimum tax.
1.
Qualified student loan bonds exempt from volume cap and alternative minimum tax
(a)
Exemption from volume cap
(1)
In general
 Section 146(g)  of the Internal Revenue Code of 1986 is amended by redesignating paragraphs (2) through (6) as paragraphs (3) through (7), respectively, and by inserting after paragraph (1) the following new paragraph:
(2)
any qualified student loan bond,
 .
(2)
Special rule for application of pooled financing bond rules
Section 149(f)(6) of such Code is amended by adding at the end the following new subparagraph:
(C)
Special rule for qualified student loan bonds
For purposes of subparagraph (A), in the case of any qualified student loan bond, the term  ultimate borrower  shall not include any student borrower.
 .
(3)
Conforming amendment
Section 146(g) of such Code is amended by striking  Paragraphs (4) and (5)  in the last sentence and inserting  Paragraphs (5) and (6) .
(b)
Exemption from alternative minimum tax
Section 57(a)(5)(C) of such Code is amended by redesignating clauses (iv), (v), and (vi) as clauses (v), (vi), and (vii), respectively, and by inserting after clause (iii) the following new clause:
(iv)
Exception for qualified student loan bonds
For purposes of clause (i), the term  private activity bond  shall not include any bond issued after the date of the enactment of this clause if such bond is a qualified student loan bond (as defined in section 144(b)). The preceding sentence shall not apply to any refunding bond unless such preceding sentence applied to the refunded bond (or in the case of a series of refundings, the original bond).
 .
(c)
Effective dates
The amendments made by this section shall apply to obligations issued after the date of the enactment of this Act.

Tracker

The tracker indicates the progress of this legislation as it moves through the legislative process.

  1. Introduced2025-04-07
  2. Passed House
  3. Passed Senate
  4. Conference
  5. To President
  6. Became Law

To amend the Internal Revenue Code of 1986 to exempt qualified student loan bonds from the volume cap and the alternative minimum tax.

Sponsors

Rep. Randy Feenstra (R) sponsors H.R. 2660, and 6 members have co-sponsored it.

Committees

H.R. 2660 went before 1 committee: Ways and Means.

Ways and Means
Ways and Means
Referred To · Apr 7, 2025 · 1,160 Bills

Actions

H.R. 2660 has taken 2 actions since Apr 7, 2025.

ChamberAction
Apr 7, 2025
House
Introduced in House
Apr 7, 2025
House
Referred to the House Committee on Ways and Means.Ways and Means Committee

Votes

H.R. 2660 has not gone to a roll call.

1 bill is related to H.R. 2660.

Titles

H.R. 2660 goes by 2 titles.

  • To amend the Internal Revenue Code of 1986 to exempt qualified student loan bonds from the volume cap and the alternative minimum tax. — Display Title
  • To amend the Internal Revenue Code of 1986 to exempt qualified student loan bonds from the volume cap and the alternative minimum tax. — Official Title as Introduced

Lobbying

2 clients hired 2 firms and 3 registered lobbyists who named H.R. 2660 in 2 quarterly filings, 2025 to 2026. Reported under the Lobbying Disclosure Act; a filing’s income covers everything its registrant worked that quarter, so the amounts below are the filings’, not this bill’s.

Filed under Education, Financial Institutions/Investments/Securities.

Clients

Who paid to be heard, by how many filings named the bill.

ClientBusinessStateFirmsFilingsReported
ACCESSLEX INSTITUTE (FKA ACCESS GROUP, INC.)—Pennsylvania11—
EDUCATION FINANCE COUNCIL INC—District of Columbia11—

Firms

Registrants who filed on the bill, by filings.

RegistrantClientsFilingsReported
ACCESSLEX INSTITUTE (FKA ACCESS GROUP, INC.)11—
EDUCATION FINANCE COUNCIL, INC.11—

Lobbyists

Named on the filings that cite the bill.

LobbyistFirmsClientsFilings
GAIL DAMOTA111
MONICA KONATE111
NANCY CONNEELY111

Filings

The documents themselves, on the Senate’s Lobbying Disclosure site, largest reported first.

ClientRegistrantPeriodReportedDocument
EDUCATION FINANCE COUNCIL INCEDUCATION FINANCE COUNCIL, INC.2025 second_quarter$22K2nd Quarter - Report
ACCESSLEX INSTITUTE (FKA ACCESS GROUP, INC.)ACCESSLEX INSTITUTE (FKA ACCESS GROUP, INC.)2026 first_quarter—1st Quarter - Report

Classification

The Congressional Research Service files H.R. 2660 under Taxation, one of its 31 policy areas.

CRS Subjects

CRS assigns every bill one policy area from its 31; H.R. 2660’s is Taxation.

hr2660/policy-areas.txt
TaxationAgriculture and FoodAnimalsArmed Forces and National SecurityArts, Culture, ReligionCivil Rights and Liberties, Minority IssuesCommerceCongressCrime and Law EnforcementEconomics and Public FinanceEducationEmergency ManagementEnergyEnvironmental ProtectionFamiliesFinance and Financial SectorForeign Trade and International FinanceGovernment Operations and PoliticsHealthHousing and Community DevelopmentImmigrationInternational AffairsLabor and EmploymentLawNative AmericansPublic Lands and Natural ResourcesScience, Technology, CommunicationsSocial WelfareSports and RecreationTransportation and Public WorksWater Resources Development

Constitutional authority

The clause the sponsor cites as Congress’s power to enact H.R. 2660, as entered in the Congressional Record.

[Congressional Record Volume 171, Number 62 (Monday, April 7, 2025)][House]From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]By Mr. FEENSTRA:H.R. 2660.Congress has the power to enact this legislation pursuantto the following:Article I, Section 8, clause 1 (Taxing and Spending Clause)[Page H1461]

Source: congress.gov · legiscan.com