S 2007 · 115th Congress 2017–2019, ended

Upward Mobility Enhancement Act

Introduced Oct 25, 2017 Originated Senate Sponsor Jeff Flake R-AZ

Fact sheet

Latest action · Oct 25, 2017 Read twice and 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.

  1. IntroducedOct 25, 2017
  2. Passed SenateNot reached
  3. Passed HouseNot reached
  4. To the PresidentNot reached
  5. Became lawNot reached

Summary

Upward Mobility Enhancement Act

This bill amends the Internal Revenue Code, with respect to the exclusion for educational assistance programs, to increase the maximum amount of employer-provided educational assistance that may be excluded from the gross income of an employee.

The bill: (1) specifies that the exclusion applies only to the first $11,500 of educational assistance furnished to an individual during a calendar year, and (2) requires the $11,500 amount to be adjusted for inflation after 2017.

(Under current law, the exclusion applies only to the first $5,250 of educational assistance furnished to an individual during a calendar year and is not adjusted for inflation.)

Cosponsors 2

Members who signed on, in the order they did. Signatures ran from Oct 25, 2017 to Jan 10, 2018, with 1 there on the day it was introduced.

SeatCosponsorSigned on
D-NVCatherine Cortez MastoOriginalOct 25, 2017
D-MNAmy KlobucharJan 10, 2018

Actions 2

Everything that happened, newest first.

  1. Oct 25, 2017Introduced in Senate
  2. Oct 25, 2017Read twice and referred to the Committee on Finance.

Related bills 2

Companion bills and other measures the record links to this one.

BillTitleRelationshipLatest action
S 1938Stronger Way ActRelated billOct 5, 2017
HR 4135Upward Mobility Enhancement ActRelated billOct 25, 2017

Subjects

Assigned by the Library of Congress. Policy area: Taxation.

Text 1

Each version as it was printed, newest first.

  1. Oct 25, 2017Introduced in Senate

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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.