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    <updateDate>2023-01-11T13:25:34Z</updateDate>
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    <introducedDate>2014-09-18</introducedDate>
    <congress>113</congress>
    <constitutionalAuthorityStatementText><![CDATA[<pre>From the Congressional Record Online through the Government Publishing Office [<a href='http://www.gpo.gov'>www.gpo.gov</a>]By Mr. RODNEY DAVIS of Illinois:H.R. 5578.Congress has the power to enact this legislation pursuantto the following:Article I, Section 8, Clause 1 of, and the SixteenthAmendment to, the United States Constitution.[Page H7889]</pre>]]></constitutionalAuthorityStatementText>
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        <title>Employer Participation in Refinancing Act</title>
        <congress>113</congress>
        <number>2429</number>
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        <latestAction>
          <actionDate>2014-06-04</actionDate>
          <text>Read twice and referred to the Committee on Finance.</text>
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        <fullName>Rep. Davis, Rodney [R-IL-13]</fullName>
        <firstName>Rodney</firstName>
        <lastName>Davis</lastName>
        <party>R</party>
        <state>IL</state>
        <district>13</district>
        <isByRequest>N</isByRequest>
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        <fullName>Rep. Yoder, Kevin [R-KS-3]</fullName>
        <firstName>Kevin</firstName>
        <lastName>Yoder</lastName>
        <party>R</party>
        <state>KS</state>
        <district>3</district>
        <sponsorshipDate>2014-11-19</sponsorshipDate>
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      <name>Taxation</name>
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    <subjects>
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          <name>Employee benefits and pensions</name>
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          <name>Income tax exclusion</name>
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          <name>Interest, dividends, interest rates</name>
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          <name>Student aid and college costs</name>
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          <name>Unemployment</name>
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        <actionDate>2014-09-18</actionDate>
        <actionDesc>Introduced in House</actionDesc>
        <updateDate>2014-10-10T20:13:18Z</updateDate>
        <text><![CDATA[ <p>Employer Participation in Refinancing Act - Amends the Internal Revenue Code to allow an exclusion from gross income for the payment of an employer, either to an employee or a lender, of any indebtedness of&nbsp;an employee under a qualified education refinance loan or any interest relating to such a loan.&nbsp; Defines "qualified education refinance loan" as any indebtedness used solely to refinance a qualified education loan with respect to which the lender offers the borrower protection in the event of unemployment or financial hardship.</p>]]></text>
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    <title>Employer Participation in Refinancing Act</title>
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        <title>Employer Participation in Refinancing Act</title>
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        <title>To amend the Internal Revenue Code of 1986 to extend the exclusion for employer-provided educational assistance to employer payment of interest on certain refinanced student loans.</title>
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        <date>2014-09-18T04:00:00Z</date>
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    <latestAction>
      <actionDate>2014-09-18</actionDate>
      <text>Referred to the House Committee on Ways and Means.</text>
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    <dc:rights>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.</dc:rights>
    <dc:contributor>Congressional Research Service, Library of Congress</dc:contributor>
    <dc:description>This file contains bill summaries and statuses for federal legislation. A bill summary describes the most significant provisions of a piece of legislation and details the effects the legislative text may have on current law and federal programs. Bill summaries are authored by the Congressional Research Service (CRS) of the Library of Congress. As stated in Public Law 91-510 (2 USC 166 (d)(6)), one of the duties of CRS is "to prepare summaries and digests of bills and resolutions of a public general nature introduced in the Senate or House of Representatives". For more information, refer to the User Guide that accompanies this file.</dc:description>
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