To amend the Internal Revenue Code of 1986 to exempt qualified student loan bonds from the volume cap and the alternative minimum tax.

# HR 2660 Summary **What the Bill Does** This bill would change federal tax rules to make it easier for states and municipalities to issue bonds (borrowing tools) to fund student loans. Specifically, it would exempt "qualified student loan bonds" from two tax restrictions: the volume cap (a limit on how many bonds can be issued) and the alternative minimum tax (a separate tax calculation that can apply to certain bond income). **Who It Affects** The bill primarily affects states and local governments that want to finance student loan programs, as well as investors who purchase these bonds.

Indirectly, it could impact students by potentially making student loan financing programs more accessible or affordable, though the exact effect would depend on how states use this authority. **Current Status** HR 2660 was introduced by Representative Randy Feenstra (R-Iowa) in the 119th Congress and is currently in committee, meaning it has not yet been voted on by the full House of Representatives. The bill has no designated subjects listed in official records.