US HB4545 | 2019-2020 | 116th Congress
Status
Spectrum: Partisan Bill (Democrat 5-0)
Status: Introduced on September 27 2019 - 25% progression, died in chamber
Action: 2020-12-21 - Placed on the Union Calendar, Calendar No. 565.
Text: Latest bill text (Introduced) [PDF]
Status: Introduced on September 27 2019 - 25% progression, died in chamber
Action: 2020-12-21 - Placed on the Union Calendar, Calendar No. 565.
Text: Latest bill text (Introduced) [PDF]
Summary
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.
Title
Private Loan Disability Discharge Act of 2019
Sponsors
| Rep. Madeleine Dean [D-PA] | Rep. Sean Casten [D-IL] | Rep. Brad Sherman [D-CA] | Rep. Frank Pallone [D-NJ] |
| Rep. Daniel Kildee [D-MI] |
History
| Date | Chamber | Action |
|---|---|---|
| 2020-12-21 | House | Placed on the Union Calendar, Calendar No. 565. |
| 2020-12-21 | House | Committee on Ways and Means discharged. |
| 2020-12-21 | House | Reported (Amended) by the Committee on Financial Services. H. Rept. 116-682, Part I. |
| 2019-12-11 | House | Ordered to be Reported (Amended) by the Yeas and Nays: 32 - 25. |
| 2019-12-11 | House | Committee Consideration and Mark-up Session Held. |
| 2019-12-10 | House | Committee Consideration and Mark-up Session Held. |
| 2019-09-27 | 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. |
| 2019-09-27 | 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. |
| 2019-09-27 | House | Introduced in House |
Subjects
Consumer credit
Debt collection
Disability and paralysis
Finance and financial sector
Higher education
Income tax exclusion
Student aid and college costs
Debt collection
Disability and paralysis
Finance and financial sector
Higher education
Income tax exclusion
Student aid and college costs
