S. 2191 · 114th Congress
PARTNERSHIPS Act
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Never voted on. It didn't reach a floor vote before the 114th Congress ended, so it expired. A bill has to be introduced again to be considered in a new Congress.
D
WydenSponsor1 cosponsor · 1 D
1 signed on when it was introduced; the rest joined later. Cosponsors who withdrew aren't shown.
Promoting Access and Retention Through New Efforts to Require Shared Higher Investments in Postsecondary Success Act or the PARTNERSHIPS Act
What it does: CRS summary · Introduced in Senate · Oct 21, 2015
Promoting Access and Retention Through New Efforts to Require Shared Higher Investments in Postsecondary Success Act or the PARTNERSHIPS Act
This bill amends the Higher Education Act of 1965 to establish a state-federal partnership to promote state investment in public higher education. The bill directs the Department of Education to award annual block grants to states that increase public higher education operating support on a per student basis, using a specified formula. As a condition of receiving grants, states must use grant funds to reduce tuition costs and support the enrollment of low-income students in state public educational institutions.
The bill amends the Internal Revenue Code to: (1) expand and make permanent the American Opportunity Tax Credit; (2) increase the amount of the tax exclusion for employer-provided educational assistance programs and make such exclusion available to the spouses and dependents of employees; (3) allow tax exclusions for the discharge of certain public interest student loans, repayments of student loans by tax-exempt organizations, and student loans subject to an income-based or income contingent repayment plan; (4) allow a full exclusion from gross income of Federal Pell Grants; and (5) repeal the requirement that distributions from a qualified tuition plan (529 plan) be aggregated for purposes of determining the amount includible in taxpayer income.
Written by the nonpartisan Congressional Research Service. All summary versions on Congress.gov
About this bill and sources
Official title: PARTNERSHIPS Act
Also known as: Promoting Access and Retention Through New Efforts to Require Shared Higher Investments in Postsecondary Success Act
Latest action (Oct 21, 2015): Read twice and referred to the Committee on Finance.
Policy area: Education · Origin: Senate · Introduced: Oct 21, 2015
Official page on Congress.gov · Bill text (GovInfo) · Status record (XML)
No recorded floor vote found.