Private Loan Disability Discharge Act of 2019
Latest action · Dec 21, 2020 Placed on the Union Calendar, Calendar No. 565.
Progress
Where this bill reached, and when. A stage with no date was not reached; one that failed a vote and later carried shows the date it carried.
- IntroducedSep 27, 2019
- Passed HouseNot reached
- Passed SenateNot reached
- To the PresidentNot reached
- Became lawNot reached
Summary
Private Loan Disability Discharge Act of 2019
This bill directs the holder of a private education loan to discharge the loan in the event of the borrower's death or total and permanent disability. The obligation of a cosigner for a private education loan is also discharged in the event of total and permanent disability of the borrower. The bill also extends indefinitely the exclusion of student loan debt discharge from gross income for federal income tax purposes.
Cosponsors 4
Members who signed on, in the order they did. Signatures ran from Dec 6, 2019 to Oct 16, 2020.
| Seat | Cosponsor | Signed on | |
|---|---|---|---|
| D-CA | Brad Sherman | Dec 6, 2019 | |
| D-IL | Sean Casten | Dec 6, 2019 | |
| D-NJ | Frank Pallone, Jr. | Jun 15, 2020 | |
| D-MI | Daniel T. Kildee | Oct 16, 2020 |
Actions 8
Everything that happened, newest first.
- Dec 21, 2020Committee on Ways and Means discharged.
- Dec 21, 2020Placed on the Union Calendar, Calendar No. 565.
- Dec 21, 2020Reported (Amended) by the Committee on Financial Services. H. Rept. 116-682, Part I.
- Dec 11, 2019Committee Consideration and Mark-up Session Held.
- Dec 11, 2019Ordered to be Reported (Amended) by the Yeas and Nays: 32 - 25.
Subjects
Assigned by the Library of Congress. Policy area: Finance and Financial Sector.
Text 2
Each version as it was printed, newest first.
- Dec 21, 2020Reported in House
- Sep 27, 2019Introduced in House
Everything here is as published by Congress: the summary is the Congressional Research Service's, the action wording is the clerks', and the subjects are the Library of Congress's. How far it got is read from the actions themselves, taking the most recent one of each kind, so a bill that failed a vote and later passed is shown as having passed. Records come from this bill on Congress.gov and govinfo.gov.