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Comment Letters & Statements
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EFC issues comments and letters to regulators, lawmakers, policymakers, and industry stakeholders to promote its members’ positions on key issues. Click on the links below to read the letters.

 

EFC letter to Sens. Maggie Hassan (D-NH) and Marco Rubio (R-FL) and Reps. Mark Takano (D-CA) and Brad Wenstrup (R-OH) endorsing the Veterans’ Education, Transition, and Opportunity Prioritization Plan (VET OPP) Act, which would establish the Veterans Economic Opportunity and Transition Administration to empower veterans in their civilian lives and enhance their educational and economic opportunities (July 19, 2018)


Education Finance Council Encourages Policymakers to Coordinate Efforts to Protect Student Loan Borrowers (March 28, 2018)

 

EFC recommendations to the Senate Committee on Health, Education, Labor, and Pensions (HELP) regarding the reauthorization of the Higher Education Act (Spring 2018)


EFC letter to Sens. Rob Portman (R-OH), Chris Coons (D-DE), and Angus King (I-ME) endorsing S.2258, Domenic's Law, which would "allow a parent whose child develops a total and permanent disability to qualify for student loan discharge" (January 22, 2018)


MBFA, of which EFC is a member and EFC President Debra Chromy is an ex-officio member of the Executive Committee, letter to Senate Majority Leader Mitch McConnell (R-KY), Senate Finance Committee Chairman Orrin Hatch (R-UT), House Speaker Paul Ryan (R-WI), and House Ways and Means Committee Chairman Kevin Brady (R-TX) to "thank them for their efforts to preserve the tax-exempt status of municipal bonds, including the ability to issue private activity bonds, in the Tax Cuts and Jobs Act." (January 2, 2018)


Bipartisan House letter to House Ways and Means Committee Chairman Kevin Brady (R-TX) and Ranking Member Richard Neal (D-MA) and Senate Finance Committee Chairman Orrin Hatch (R-UT) and Ranking Member Ron Wyden (D-OR) urging them to maintain Senate language related to private activity bonds, specifically to ensure Qualified Student Loan Bonds continue to receive the same treatment under current law, in a final tax reform bill (December 5, 2017)

 

EFC letter to Senate Finance Committee Chairman Orrin Hatch (R-UT), Senate Finance Committee Ranking Member Ron Wyden (D-OR), House Ways and Means Committee Chairman Kevin Brady (R-TX), and House Ways and Means Committee Ranking Member Richard Neal (D-MA) urging them to preserve the tax exemption for Qualified Student Loan Bonds as they conference a final tax reform bill (December 4, 2017)

 

EFC letter to Sens. Patty Murray (D-WA) and Rob Portman (R-OH) endorsing S.1795, the Higher Education Access and Success for Homeless and Foster Youth Act, which would "remove barriers and make college more affordable for homeless and foster youth" (November 27, 2017)

 

EFC letter to Reps. Katherine Clark (D-MA), Karen Bass (D-CA), Susan Davis (D-CA), Jared Polis (D-CO), Bobby Scott (D-VA), and Don Young (R-AK) endorsing H.R.3740, the Higher Education Access and Success for Homeless and Foster Youth Act, which would "remove barriers and make college more affordable for homeless and foster youth" (November 27, 2017)

 

EFC letter to Sen. Al Franken (D-MN) endorsing S.1792, the Fostering Success in Higher Education Act of 2017, which would "improve college access, retention, and completion rates for foster and homeless youth by substantially improving state capacity to support these students as they transition to and attend college" (November 27, 2017)

 

EFC letter to Reps. Danny Davis (D-IL), Susan Davis (D-CA), Raja Krishnamoorthi (D-IL), and Bobby Scott (D-VA) endorsing H.R.3742, the Fostering Success in Higher Education Act of 2017, which would "improve college access, retention, and completion rates for foster and homeless youth by substantially improving state capacity to support these students as they transition to and attend college" (November 27, 2017)

 

EFC letter to Sens. Richard Burr (R-NC), Robert Casey (R-PA), and Lisa Murkowski (R-AK), endorsing S.1790, the Boost Saving for College Act, which would "provide crucial new options for 529 college savings accounts to help more American families save more for college" (November 27, 2017)

 

EFC letter to Senate Majority Leader Mitch McConnell (R-KY) and Senate Finance Committee Chairman Orrin Hatch (R-UT) expressing appreciation that the Senate Finance Committee’s tax overhaul proposal recognized the importance of retaining the tax exemption for private activity bonds and, specifically, Qualified Student Loan Bonds (November 14, 2017)

 

MBFA, of which EFC is a member and EFC President Debra Chromy is an ex-officio member of the Executive Committee, letter to Senate Finance Committee Chairman Orrin Hatch (R-UT) saying, "the MBFA appreciates your decision to leave intact the underlying tax exemption for interest paid on municipal bonds, including private activity bonds (PABs) in the Tax Cuts and Jobs Act (“the Act”), but objects to your decision to deny tax exemption to advance refunding bonds" (November 13, 2017)

 

Bipartisan House letter to House Committee on Ways and Means Chairman Kevin Brady (R-TX) and Ranking Member Richard Neal (D-MA) and Senate Finance Committee Chairman Orrin Hatch (R-UT) and Ranking Member Ron Wyden (D-OR) urging them to preserve an exception for Qualified Student Loan Bonds when evaluating the tax treatment of private activity bonds (November 9, 2017)

 

EFC letter urging Speaker Paul Ryan (R-WI) and House Committee on Ways and Means Chairman Kevin Brady (R-TX) to reinstate the tax exemption for Qualified Student Loan Bonds in their chamber’s tax reform bill, H.R.1, the Tax Cuts and Jobs Act (November 7, 2017)

 

MBFA, of which EFC is a member and EFC President Debra Chromy is an ex-officio member of the Executive Committee, letter urging Congressional leadership to oppose provisions in the Tax Cuts and Jobs Act that would eliminate the tax exemption for private activity bonds and advance refunding bonds (November 3, 2017)

 

MBFA, of which EFC is a member and EFC President Debra Chromy is an ex-officio member of the Executive Member, letter to House Ways and Means Ranking Member Richard Neal and Ways and Means Committee Democrats "in support of their proposal to expand infrastructure investment and enhance economic development by maintaining and expanding the current-law tax exemption for municipal bonds, as expressed in the Middle-Class Tax Reform Principles released on October 25, 2017" (November 1, 2017)

 

EFC, CBA, NCHER, and SLSA regulatory reform comments to the Education Department, submitted in accordance with Executive Order 13777, Enforcing the Regulatory Reform Agenda, to identify regulations that may be appropriate for repeal, replacement, or modification (September 20, 2017)

 

EFC letter to Sens. Mark Warner (D-VA), John Thune (R-SD), and Angus King (I-ME) endorsing S.796, the Employer Participation in Repayment Act of 2017, which would "allow employers to use pre-tax income to help pay down their employees’ student loan debt by making payments to their employees or directly to their employees’ student loan lender(s)" (August 22, 2017)


EFC letter to Reps. Rodney Davis (R-IL) and Scott Peters (D-CA) endorsing H.R.795, the Employer Participation in Student Loan Assistance Act of 2017, which would "allow employers to use pre-tax income to help pay down their employees’ student loan debt by making payments to their employees or directly to their employees’ student loan lender(s)" (August 22, 2017)

 

EFC letter to Treasury Secretary Steven Mnuchin providing input on Executive Order 13771 and urging Treasury to clarify the application of the identified regulations as “deregulatory actions” (July 28, 2017)

 

EFC letter to Sens. Chuck Grassley (R-IA), Joni Ernst (R-IA), and Al Franken (D-MN) endorsing the Know Before You Owe Act of 2017, which would “strengthen the current loan counseling requirements for institutions of higher education in the Higher Education Act by making the counseling an annual requirement before new loans are disbursed rather than just for first-time borrowers" (July 27, 2017)

 

EFC Statement for the Record, Senate Finance Committee Hearing, "Tax Reform: Prospects & Challenges" (July 18, 2017)

 

EFC letter to Senate Finance Committee Chairman Orrin Hatch (R-UT) outlining EFC's recommendations for comprehensive tax reform (July 11, 2017)