Make College Affordable Act of 2005
Latest action · Jul 1, 2005 Referred to the Committee on Finance.
Progress
Where this bill reached, and when. A stage with no date was not reached; one that failed a vote and later carried shows the date it carried.
- IntroducedApr 11, 2005
- Passed SenateNot reached
- Passed HouseNot reached
- To the PresidentNot reached
- Became lawNot reached
Summary
Make College Affordable Act of 2005 - Amends the Internal Revenue Code to: (1) increase the amount of the tax deduction for higher education tuition and related expenses; and (2) allow a tax credit for up to $1,500 of the interest paid annually on certain student loans for higher education expenses. Reduces the allowable amount of both the tax deduction and the tax credit based upon taxpayer adjusted gross income levels. Provides for an inflation adjustment for calendar years after 2005 to such adjusted gross income levels.
Makes the tax deduction for higher education tuition and related expenses permanent.
Cosponsors 7
Members who signed on, in the order they did. Signatures ran from Apr 11, 2005 to Nov 14, 2006; 4 are original cosponsors, there from the day it was introduced.
| Seat | Cosponsor | Signed on | |
|---|---|---|---|
| R-OR | Gordon H. Smith | Original | Apr 11, 2005 |
| D-DE | Joseph R. Biden Jr. | Original | Apr 11, 2005 |
| R-ME | Olympia J. Snowe | Original | Apr 11, 2005 |
| D-IL | Richard J. Durbin | Original | Apr 11, 2005 |
| D-IN | Evan Bayh | Jun 29, 2005 | |
| D-CA | Barbara Boxer | Oct 6, 2005 | |
| D-WA | Maria Cantwell | Nov 14, 2006 |
Committees 2
Where it was sent and what each committee and subcommittee did with it, in order.
| Chamber | Committee | What it did |
|---|---|---|
| Senate | Judiciary Committee | Referred Apr 11, 2005Discharged Jul 1, 2005 |
| Senate | Finance Committee | Referred Jul 1, 2005 |
Actions 4
Everything that happened, newest first.
- Jul 1, 2005Senate Committee on the Judiciary discharged by Unanimous Consent.
- Jul 1, 2005Referred to the Committee on Finance.
- Apr 11, 2005Introduced in Senate
- Apr 11, 2005Read twice and referred to the Committee on the Judiciary. (text of measure as introduced: CR S3432)
In the Congressional Record 2
Days the Record’s own index lists this bill, newest first, with the pages and the members it names. Pages starting H are the House, S the Senate, E Extensions of Remarks.
| Where | In the Record | Members | Date |
|---|---|---|---|
| Senate | Debate and remarks S7939 | Mitch McConnell R-KY | Jul 1, 2005 |
| Senate | Text printed S3432 | Charles E. Schumer D-NY (text) | Apr 11, 2005 |
Titles 2
Every title it has carried, official and short, at each stage.
- Official Title as Introduced
- A bill to amend the Internal Revenue Code of 1986 to make higher education more affordable, and for other purposes.
- Short Titles as Introduced
- Make College Affordable Act of 2005
Subjects
Assigned by the Library of Congress. Policy area: Taxation.
- College costs
- Congress
- Cost of living adjustments
- Economics and Public Finance
- Education
- Finance and Financial Sector
- Government Operations and Politics
- Higher education
- Income tax
- Indexing (Economic policy)
- Interest
- Labor and Employment
- Student loan funds
- Sunset legislation
- Tax credits
- Tax deductions
- Taxation
- Vocational and technical education
Text 2
Each version as it was printed, newest first.
- Jul 1, 2005Committee Discharged Senate
- Apr 11, 2005Introduced in Senate
Everything here is as published by Congress: the summary is the Congressional Research Service's, the action wording is the clerks', and the subjects are the Library of Congress's. How far it got is read from the actions themselves, taking the most recent one of each kind, so a bill that failed a vote and later passed is shown as having passed. Records come from this bill on Congress.gov and govinfo.gov; cost estimates are the Congressional Budget Office's, and the hearings are the printed hearings GovInfo publishes, which can appear months after the hearing.