Segal AmeriCorps Education Award Tax Relief Act of 2026
The source supplies the latest action, but no lifecycle stage.
Latest action (24 Sep 2026): Read twice and referred to the Committee on Finance.
What this bill does
This bill, titled S. 5533, has been introduced in the Senate by Senator Michael Bennet. Its stated purpose is to amend the Internal Revenue Code to allow individuals to exclude AmeriCorps educational awards from their taxable income.
If enacted, this bill would affect AmeriCorps participants by potentially reducing their tax burden on the educational awards they receive. The bill's full text has not yet been published, so the specific details of how this exclusion would be implemented are not available.
Currently, S. 5533 has been introduced and is at the beginning of the legislative process. It has not yet passed any committees or received a vote on the Senate floor. For the bill to become law, it would need to be considered and passed by both the Senate and the House of Representatives, and then signed by the President.
Plain-English summary generated by Bill100 AI from the official record. Always verify against the source below.
Timeline
24 Sep 2026
Read twice and referred to the Committee on Finance.
Common questions
- What does S. 5533 do?
- This bill, titled S. 5533, has been introduced in the Senate by Senator Michael Bennet. Its stated purpose is to amend the Internal Revenue Code to allow individuals to exclude AmeriCorps educational awards from their taxable income. If enacted, this bill would affect AmeriCorps participants by potentially reducing their tax burden on the educational awards they receive. The bill's full text has not yet been published, so the specific details of how this exclusion would be implemented are not available. Currently, S. 5533 has been introduced and is at the beginning of the legislative process. It has not yet passed any committees or received a vote on the Senate floor. For the bill to become law, it would need to be considered and passed by both the Senate and the House of Representatives, and then signed by the President.
- Has S. 5533 become law?
- The source does not supply a confirmed lifecycle stage for S. 5533. Check the latest action and official source below.
- Who sponsored S. 5533?
- S. 5533 was sponsored by Sen. Bennet, Michael F. [D-CO] (D-CO), with 7 cosponsors.
- What's the latest action on S. 5533?
- Read twice and referred to the Committee on Finance. (24 Sep 2026).
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