; (2) by adding and at the end of subparagraph (B); and (3) by inserting after subparagraph (B) the following new subparagraph: (C) the payment, by an employer, of amounts in repayment of any loan made to the employee to assist the employee in attending an educational organization described in section 170(b)(1)(A)(ii), . (b) Denial of double benefit Paragraph (1) of section 221(e) of the Internal Revenue Code of 1986, as amended by section 4, is further amended by inserting which is excluded from gross income under section 127 or is after or for any amount . (c) Effective date The amendments made by this section shall apply to taxable years beginning after December 31, 2019. 6. Repeal of cap on deduction for interest on education loans (a) In general Section 221 of the Internal Revenue Code of 1986 is amended by striking subsections (b) and (f). (b) Carryover of excess interest Section 221 of the Internal Revenue Code of 1986, as so amended, is amended by inserting after subsection (a) the following new subsection: (b) Carryover If the amount of the deduction allowable under subsection (a) exceeds the taxable income of the taxpayer for the taxable year (determined without regard to this section), then an amount equal to such excess shall be treated as interest paid by the taxpayer in the succeeding taxable year on a qualified education loan. . (c) Effective date The amendments made by this section shall apply to taxable years beginning after the date of the enactment of this Act. 7. Employer Roth contributions (a) In general Subsection (a) of section 402A of the Internal Revenue Code of 1986 is amended— (1) by striking and at the end of paragraph (1); (2) by redesignating paragraph (2) as paragraph (3)