I 115th CONGRESS 2d Session H. R. 7335 IN THE HOUSE OF REPRESENTATIVES December 19, 2018 Mr. Danny K. Davis of Illinois introduced the following bill; which was referred to the Committee on Ways and Means A BILL To amend the Internal Revenue Code of 1986 to increase the amount allowed as a deduction for interest on education loans paid by married couples.

1. Short title This Act may be cited as the Fairness and Opportunities for Married Households With Student Loans Act . 2. Increase in deduction for interest on education loans paid by married couples (a) In general Section 221(b)(1) of the Internal Revenue Code of 1986 is amended by inserting ($5,000 in the case of a joint return) after $2,500 . (b) Effective date The amendment made by subsection (a) shall apply to amounts paid in taxable years beginning after the date of the enactment of this Act.