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To amend the Internal Revenue Code of 1986 to expand the deduction for student loan interest to include payments toward principal, and to increase the value of the deduction.
2/13/2026, 9:06 AM
Summary of Bill HR 7536
The bill, H.R. 7536 of the 119th Congress, aims to amend the Internal Revenue Code of 1986 by broadening the deduction for student loan interest to encompass payments made toward the principal amount. Additionally, the bill seeks to raise the deduction's value.
Current Status of Bill HR 7536
Bill HR 7536 is currently in the status of Bill Introduced since February 12, 2026. Bill HR 7536 was introduced during Congress 119 and was introduced to the House on February 12, 2026. Bill HR 7536's most recent activity was Referred to the House Committee on Ways and Means. as of February 12, 2026
Bipartisan Support of Bill HR 7536
Total Number of Sponsors
1Democrat Sponsors
1Republican Sponsors
0Unaffiliated Sponsors
0Total Number of Cosponsors
5Democrat Cosponsors
5Republican Cosponsors
0Unaffiliated Cosponsors
0Policy Area and Potential Impact of Bill HR 7536
Primary Policy Focus
Alternate Title(s) of Bill HR 7536
To amend the Internal Revenue Code of 1986 to expand the deduction for student loan interest to include payments toward principal, and to increase the value of the deduction.
To amend the Internal Revenue Code of 1986 to expand the deduction for student loan interest to include payments toward principal, and to increase the value of the deduction.
Comments
Sponsors and Cosponsors of HR 7536
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