Student Loan Opportunity Act of 2012

[Congressional Bills 112th Congress]
[From the U.S. Government Publishing Office]
[H.R. 6209 Introduced in House (IH)]

112th CONGRESS
  2d Session
                                H. R. 6209

     To amend the Internal Revenue Code of 1986 to allow qualified 
  scholarship funding corporations to access tax-exempt financing for 
                   alternative private student loans.


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                    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

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                                 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.

    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 ``Student Loan Opportunity Act of 
2012''.

SEC. 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.
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