S 1047 · 110th Congress · Taxation

Generating Opportunity by Forgiving Educational Debt for Service Act of 2007

Introduced 2007-03-29· Sponsored by Sen. Voinovich, George V. [R-OH]· Senate

Bill Progress

✓
Introduced
2
Committee
3
Senate Vote
4
House
5
Enacted
Latest: Read twice and referred to the Committee on Finance.(2007-03-29)

Plain Language Summary

[AI summary unavailable — showing source text] Generating Opportunity by Forgiving Educational Debt for Service Act of 2007 - Amends the Internal Revenue Code to exclude from gross income student loan repayments by the federal government on behalf of federal employees and members of the Armed Forces on active duty. Exempts such repayments from social security taxes.…

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

Cosponsors (3)

1 Democrat2 Republicans
Sen. Collins, Susan M. [R-ME]ME
Sen. Akaka, Daniel K. [D-HI]HI
Sen. Cochran, Thad [R-MS]MS