H.R. 10551

Public Service Educational Assistance Act

6 cosponsors

Where it stands

Introduced Sep 24
Committee Now
House of Representatives —
Senate —
Law —

Introduced Sep 24
Committee Now
House of Representatives —
Senate —
Law —

Referred to the Committee on Education and Workforce, and in addition to the Committee on Ways and Means, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned. (Sep 24)

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Text of the bill

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Sec. 1. Short title

Sec. 2. Establishment of the Public Service Educational Assistance Program

Sec. 3. Coordination with other Federal benefits

(a) Concurrent benefits. A dependent may receive educational assistance under this Act concurrently with other forms of Federal student aid, including grants and loans under title IV of the Higher Education Act of 1965 (20 U.S.C. 1070 et seq.), and other postsecondary education benefits under Federal, State, and local law.

(b) No effect on retirement or other benefits. Educational assistance provided under this Act shall not be considered wages or compensation for purposes of determining eligibility for, or the amount of, any retirement or other employment-related benefit, except as otherwise provided by law.

(c) Tax treatment. Educational assistance provided under this Act shall be exempt from taxation under the Internal Revenue Code of 1986.

Sec. 4. Regulations

Sec. 5. Effective date

Sec. 6. Definitions