Private Loan Disability Discharge Act of 2019

United States116th CongressHR-4545House of Representatives
Updated: Dec 21, 2020

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.

Bill texts

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Timeline

  1. Ordered to be Reported (Amended) by the Yeas and Nays: 32 - 25.

    House of Representatives

  2. Placed on the Union Calendar, Calendar No. 565.

    House of Representatives

  3. Committee on Ways and Means discharged.

    House of Representatives

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

    House of Representatives