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 |
Committees 2
Where it was sent and what each committee and subcommittee did with it, in order.
| Chamber | Committee | What it did |
|---|---|---|
| House | Financial Services Committee | Referred Sep 27, 2019Markup Dec 11, 2019Reported Dec 22, 2020 |
| House | Ways and Means Committee | Referred Sep 27, 2019Discharged Dec 22, 2020 |
Actions 8
Everything that happened, newest first.
- Dec 21, 2020Reported (Amended) by the Committee on Financial Services. H. Rept. 116-682, Part I.
- Dec 21, 2020Committee on Ways and Means discharged.
- Dec 21, 2020Placed on the Union Calendar, Calendar No. 565.
- Dec 11, 2019Committee Consideration and Mark-up Session Held.
- Dec 11, 2019Ordered to be Reported (Amended) by the Yeas and Nays: 32 - 25.
- Dec 10, 2019Committee Consideration and Mark-up Session Held.
- Sep 27, 2019Introduced in House
- Sep 27, 2019Referred 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.
Research
What has been written about this bill: committee reports, cost estimates, the sponsor’s authority statement, printed hearings and the Congressional Research Service’s work.
Committee report
Congressional Budget Office cost estimate
- Apr 22, 2020H.R. 4545, Private Loan Disability Discharge Act of 2019As ordered reported by the House Committee on Financial Services on December 11, 2019
Constitutional authority
The sponsor’s statement, as printed in the Congressional Record, vol. 165, no. 157, September 27, 2019, page H8081.
Related bills 1
Companion bills and other measures the record links to this one.
| Bill | Title | Relationship | Latest action |
|---|---|---|---|
| HR 2498 | Private Loan Disability Discharge Act of 2021 | Reintroduced Bill | Apr 14, 2021 |
Titles 3
Every title it has carried, official and short, at each stage.
- Official Title as Introduced
- To provide for the discharge of a private education loan in the case of death or total and permanent disability of a student obligor, and for other purposes.
- Short Title(s) as Introduced
- Private Loan Disability Discharge Act of 2019
- Short Title(s) as Reported to House
- Private Loan Disability Discharge Act of 2019
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; cost estimates are the Congressional Budget Office's, and the hearings are the printed hearings GovInfo publishes, which can appear months after the hearing.
