GRADUATE Act

[AI summary unavailable — showing source text] [Congressional Bills 119th Congress] [From the U.S. Government Publishing Office] [H.R. 7536 Introduced in House (IH)] <DOC> 119th CONGRESS 2d Session H. R. 7536 To amend the Internal Revenue Code of 1986 to expand the deduction for student loan interest to include payments toward principal, and to increase the value of the deduction. _______________________________________________________________________ IN THE HOUSE OF REPRESENTATIVES February 12, 2026 Mr. Goldman of New York (for himself, Ms. Jacobs, Mr. Garcia of California, Ms. Norton, Mr. Figures, and Ms. Pingree) 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 expand the deduction for student loan interest to include payments toward principal, and to increase the value of the deduction. Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled, SECTION 1. SHORT TITLE. This Act may be cited as the ``Generating Relief for Academic Debt Using Assisted Tax Efficiency Act'' or the ``GRADUATE Act''. SEC. 2. EDUCAT…