Eliminate federal income taxes on student loan debt that is forgiven by the government.
One policy goal, tracked across every bill that has carried it.
What’s happening with Student Loan Tax Elimination Act?
The Student Loan Tax Elimination Act, known as S. 3538, has been in the Senate Committee on Health, Education, Labor, and Pensions since December 16, 2025. The committee members must act next to hold a vote, but the bill faces a binding constraint because most legislation dies in committee without ever reaching the floor. Similar efforts have failed to advance in past sessions, and this bill has seen no recorded action since December 16, 2025.
Updated July 9, 2026 · Generated by AI. Always verify with official sources.
Where it stands
Now carried by Student Loan Tax Elimination Act (S. 3538 (119th)) →
Legislative Progress
How we got here
Every bill that has carried this goal, oldest first.
Died with Congress · Jan 3, 2025
Died when the 118th Congress ended without final passage. Bills must be reintroduced under a new number to be revived.
Reintroduced · Jan 3, 2025
Reintroduced from S. 1004 (118th), which died when its Congress ended.
S. 1004 (118th) →
Vehicles
Who’s behind it
Jim Banks (R-IN)Wrote and sponsored the current bill.