# 119-hr-2660: To amend the Internal Revenue Code of 1986 to exempt qualified student loan bonds from the volume cap and the alternative minimum tax.

119-hr-2660, To amend the Internal Revenue Code of 1986 to exempt qualified student loan bonds from the volume cap and the alternative minimum tax., is a 119th Congress bill sponsored by Rep. Feenstra, Randy [R-IA-4] (R-IA); status introduced; PRIA reads it as touching household money (as of 2026-09-21).

- Canonical: https://policyrisk.com/legislation/119-hr-2660
- As of: 2026-09-21
- Plain-text twin of the page above; the HTML and this file carry the same facts.

## Facts
- Bill: 119-hr-2660
- Congress: 119
- Title: To amend the Internal Revenue Code of 1986 to exempt qualified student loan bonds from the volume cap and the alternative minimum tax.
- Status: introduced
- Introduced: 2025-04-07
- Sponsor: Rep. Feenstra, Randy [R-IA-4] (R-IA)
- Cosponsors: 6
- Policy area: Taxation
- Touches household money: yes
- Last recorded action: 2026-09-21

## Summary

**Makes qualified student loan bonds cheaper to issue** by exempting them from the private activity bond volume cap and by removing AMT private-activity treatment. It also narrows pooled-financing rules so student borrowers are not treated as 'ultimate borrowers'. - Students and families: Would lower borrowing costs for state and nonprofit student loan programs that use bond financing, which can make those programs cheaper to operate and potentially expand access. - State, local, and nonprofit issuers: Would exempt qualified student loan bonds from the volume cap so issuers can use tax-advantaged bond financing without using limited capped allocation for these bonds. - Investors and tax-affected buyers: Would exclude these bonds from AMT private-activity treatment for obligations issued after enactment, making them more attractive to buyers who face the alternative minimum tax. (Note: the changes apply to obligations issued after the date of enactment.)

## Cosponsors (6)

- Rep. Nunn, Zachary [R-IA-3] (R-IA), 2025-05-21T00:00:00.000Z
- Rep. Magaziner, Seth [D-RI-2] (D-RI), 2025-12-12T00:00:00.000Z
- Rep. Hinson, Ashley [R-IA-2] (R-IA), 2026-02-11T00:00:00.000Z
- Rep. Meuser, Daniel [R-PA-9] (R-PA), 2026-03-09T00:00:00.000Z
- Rep. Sessions, Pete [R-TX-17] (R-TX), 2026-04-16T00:00:00.000Z
- Rep. Hamadeh, Abraham J. [R-AZ-8] (R-AZ), 2026-06-08T00:00:00.000Z

## Provisions PRIA read

- Easier tax-favored bonds for student loans: benefit, low. This bill would let states issue qualified student loan bonds without counting against the state’s private‑activity bond cap. It would also exclude these bonds from the alternative minimum tax. In pooled bond deals, students would not be treated as the “ultimate borrower.” These rules would apply o…

## Related bills

- 119-hr-1262: Mikaela Naylon Give Kids a Chance Act
- 119-hr-842: Nancy Gardner Sewell Medicare Multi-Cancer Early Detection Screening Coverage Act
- 119-hr-2102: Major Richard Star Act
- 119-hr-1151: Freedom to Invest in Tomorrow’s Workforce Act
- 119-hr-979: AM Radio for Every Vehicle Act of 2025
- 119-hr-1181: Protecting Privacy in Purchases Act

## Sources
- [119-hr-2660 on Congress.gov](https://www.congress.gov/bill/119th-congress/house-bill/2660)

## Related
- [119-hr-1262: Mikaela Naylon Give Kids a Chance Act](https://policyrisk.com/legislation/119-hr-1262)
- [119-hr-842: Nancy Gardner Sewell Medicare Multi-Cancer Early Detection Screening Coverage A…](https://policyrisk.com/legislation/119-hr-842)
- [119-hr-2102: Major Richard Star Act](https://policyrisk.com/legislation/119-hr-2102)
- [119-hr-1151: Freedom to Invest in Tomorrow’s Workforce Act](https://policyrisk.com/legislation/119-hr-1151)
- [119-hr-979: AM Radio for Every Vehicle Act of 2025](https://policyrisk.com/legislation/119-hr-979)
- [119-hr-1181: Protecting Privacy in Purchases Act](https://policyrisk.com/legislation/119-hr-1181)
- [All bills in Congress](https://policyrisk.com/legislation)

Source: PRIA, https://policyrisk.com/legislation/119-hr-2660 (as of 2026-09-21).