Employer Participation in Repayment Act
In committee: it can still change before the session ends.
- Stage
- In committee
- Started in
- Senate
- Sponsors
- 2
- Latest action
- Feb 27, 2025
What it does
The Employer Participation in Repayment Act would make permanent the tax exclusion for employer payments toward employees' student loans under educational assistance programs, which is currently set to expire after 2025. By amending Section 127(c)(1)(B) of the Internal Revenue Code, the bill removes the January 1, 2026, sunset date, allowing employers to continue providing up to $5,250 annually in student loan repayment assistance on a tax-free basis. This change affects employers who offer such benefits and employees with student loan debt, ensuring ongoing tax advantages for both parties. The amendment would apply to payments made after the date of enactment.
No official summary is available here. This one was written by AI from the bill’s text.
Where it stands
Introduced (Done)
Committee (Current step)
Floor (Not started)
Law (Not started)
What moved
Who is involved
Sponsors
The lawmakers who put their names on it, lead sponsors first.
In the news
Reporting that may mention this subject. Possible matches are labeled.
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Where it goes next
While a bill can still move, the questions are about people and money.