A bill to amend subpart A of part IV of subchapter A of chapter 1 of the Internal Revenue Code of 1954 by inserting a new section of 44H to allow a credit for certain transportation expenses of foreign exchange students.

Amends the Internal Revenue Code to allow an income tax credit for the transportation expenses of a U.S. foreign exchange student incurred in traveling abroad to participate in a teenager exchange-visitor program. Limits such credit to 25 percent of the transportation expenses incurred.