Congress 116 - HR 4545 - Private Loan Disability Discharge Act of 2019

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Cosponsors

Topics

Consumer credit Debt collection Disability and paralysis Finance and Financial Sector Higher education Income tax exclusion Student aid and college costs

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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.

Actions

Dec 21, 2020

Placed on the Union Calendar, Calendar No. 565.
Dec 21, 2020

Committee on Ways and Means discharged.
Dec 21, 2020

Reported (Amended) by the Committee on Financial Services. H. Rept. 116-682, Part I.
Dec 11, 2019

Ordered to be Reported (Amended) by the Yeas and Nays: 32 - 25.
Dec 11, 2019

Committee Consideration and Mark-up Session Held.
Dec 10, 2019

Committee Consideration and Mark-up Session Held.
Sep 27, 2019

Referred to the Committee on Financial Services, and in addition to the Committee on Ways and Means, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.
Sep 27, 2019

Introduced in House

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