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HR 2983 United States House · 117th Congress

REDUCE Act of 2021

Summary
Readily Ending Debt Under Corporate Engagement Act of 2021 or the REDUCE Act of 2021 This bill modifies the tax deduction for interest paid on student loans to allow such deduction without any offset for amounts received as employer-provided educational assistance.
Issues: ✓ Budget & TaxesSupports Budget & TaxesModifies tax deduction for student loan interest, providing relief by allowing full deduction without offsetting employer educational assistance.90% confidence ✓ EducationSupports EducationModifies tax deduction to support employer education benefits, expanding higher education access without offsetting.80% confidence
Bill status in committee 1 of 4 stages cleared
Introduction
May 2021
Committee Review
Floor Vote
President
Introduced May 4, 2021 Last action May 4, 2021
Floor votes

How they voted

No floor votes recorded yet.
Full legislative history

Actions timeline

Total actions
2
Key actions
0
Committee
1
May 4, 2021
Committee
Referred to the House Committee on Ways and Means.
lower
May 4, 2021
Introduced
Introduced in House
lower
1 primary · 1 co-sponsor

Sponsors

Role
Legislator
Party
State
District
P
Photo of Adam Kinzinger
Adam Kinzinger
RRepublican
IL
16
Co
Photo of Stephanie N. Murphy
Stephanie N. Murphy
DDemocratic
FL
7