I 112th CONGRESS 2d Session H. R. 6209 IN THE HOUSE OF REPRESENTATIVES July 26, 2012 Mr. Marchant (for himself and Mr. Cuellar) 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 allow qualified scholarship funding corporations to access tax-exempt financing for alternative private student loans.

1.

Short title

This Act may be cited as the Student Loan Opportunity Act of 2012.

2.

Qualified scholarship funding corporation tax-exempt financing for alternative private student loans

(a)

In general

Paragraph (2) of section 150(d) of the Internal Revenue Code of 1986 is amended by striking established and and incurred under the Higher Education Act of 1965 in subparagraph (A) thereof. (b)

Effective date

The amendment made by this section shall apply to bonds issued after the date of enactment of this Act.