HR 553 · 105th Congress · Taxation

Education Affordability Act of 1997

Introduced 1997-02-04· Sponsored by Rep. Price, David E. [D-NC-4]· House

Bill Progress

✓
Introduced
2
Committee
3
House Vote
4
Senate
5
Enacted
Latest: See H.R.2014.(1997-08-05)

Plain Language Summary

[AI summary unavailable — showing source text] 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.…

Summarized by Claude AI · Non-partisan · For informational purposes only

Cosponsors (20)

19 Democrats1 Republican
Rep. Etheridge, Bob [D-NC-2]NC
Rep. Ford, Harold E., Jr. [D-TN-9]TN
Rep. Pelosi, Nancy [D-CA-8]CA
Rep. Clayton, Eva M. [D-NC-1]NC
Rep. Fattah, Chaka [D-PA-2]PA
Rep. Boucher, Rick [D-VA-9]VA
Rep. Watt, Melvin L. [D-NC-12]NC
Rep. Gonzalez, Henry B. [D-TX-20]TX
Rep. Walsh, James T. [R-NY-25]NY
Rep. Filner, Bob [D-CA-50]CA
Rep. Hefner, W. G. (Bill) [D-NC-8]NC
Rep. McIntyre, Mike [D-NC-7]NC
Rep. Kind, Ron [D-WI-3]WI
Rep. Abercrombie, Neil [D-HI-1]HI
Rep. Conyers, John, Jr. [D-MI-14]MI
Rep. Frost, Martin [D-TX-24]TX
Rep. Rush, Bobby L. [D-IL-1]IL
Rep. Gejdenson, Sam [D-CT-2]CT
Rep. Sawyer, Tom [D-OH-14]OH
Rep. Wynn, Albert Russell [D-MD-4]MD