Private Loan Disability Discharge Act of 2019
USA116th CongressHR-4545| House
| Updated: 12/21/2020
Madeleine Dean
Democratic Representative
Pennsylvania
Cosponsors (4)
Ways and Means Committee, Financial Services Committee
- Introduced
- In Committee
- On Floor
- Passed Chamber
- Enacted
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.
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Timeline
Introduced in House
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.
Committee Consideration and Mark-up Session Held.
Committee Consideration and Mark-up Session Held.
Ordered to be Reported (Amended) by the Yeas and Nays: 32 - 25.
Placed on the Union Calendar, Calendar No. 565.
Committee on Ways and Means discharged.
Reported (Amended) by the Committee on Financial Services. H. Rept. 116-682, Part I.
Finance and Financial Sector
Consumer creditDebt collectionDisability and paralysisHigher educationIncome tax exclusionStudent aid and college costs
Private Loan Disability Discharge Act of 2019
USA116th CongressHR-4545| House
| Updated: 12/21/2020
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.
Suggested Questions
Get AI-generated questions to help you understand this bill better
Timeline
Introduced in House
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.
Committee Consideration and Mark-up Session Held.
Committee Consideration and Mark-up Session Held.
Ordered to be Reported (Amended) by the Yeas and Nays: 32 - 25.
Placed on the Union Calendar, Calendar No. 565.
Committee on Ways and Means discharged.
Reported (Amended) by the Committee on Financial Services. H. Rept. 116-682, Part I.
Madeleine Dean
Democratic Representative
Pennsylvania
Cosponsors (4)
Ways and Means Committee, Financial Services Committee
Finance and Financial Sector
- Introduced
- In Committee
- On Floor
- Passed Chamber
- Enacted
Consumer creditDebt collectionDisability and paralysisHigher educationIncome tax exclusionStudent aid and college costs