The main purpose of this legislation is to make a specific tax benefit permanent. It aims to allow employers to make payments on their employees' student loans without those payments being counted as taxable income for the employees. This is intended to help alleviate the burden of student debt for workers. Key provisions of the legislation include the amendment of the Internal Revenue Code to remove the expiration date for this tax exclusion. Previously, the benefit was set to end on January 1, 2026.