US SB2049 | 2019-2020 | 116th Congress
Status
Spectrum: Bipartisan Bill
Status: Introduced on June 28 2019 - 25% progression, died in committee
Action: 2019-06-28 - Read twice and referred to the Committee on Health, Education, Labor, and Pensions. (Sponsor introductory remarks on measure: CR S4678)
Pending: Senate Health, Education, Labor, And Pensions Committee
Text: Latest bill text (Introduced) [PDF]
Status: Introduced on June 28 2019 - 25% progression, died in committee
Action: 2019-06-28 - Read twice and referred to the Committee on Health, Education, Labor, and Pensions. (Sponsor introductory remarks on measure: CR S4678)
Pending: Senate Health, Education, Labor, And Pensions Committee
Text: Latest bill text (Introduced) [PDF]
Summary
Requires the Department of Education (ED) to automatically discharge loans under the Federal Family Education Loan program for certain borrowers who are veterans of the U.S. Armed Forces. Specifically, ED must automatically discharge a veteran borrower's loan when the Department of Veterans Affairs has assigned the borrower a rating of total disability for a service-connected disability or has determined the borrower to be unemployable due to a service-connected condition, determine whether a state might impose a tax liability for the discharge of such a loan, and provide the borrower with a notification related to potential tax liability and an opportunity to opt out of such loan discharge.
Title
A bill to amend the Higher Education Act of 1965 to automatically discharge the loans of certain veteran borrowers, and for other purposes.
Sponsors
Sen. Jack Reed [D-RI] | Sen. Johnny Isakson [R-GA] |
History
Date | Chamber | Action |
---|---|---|
2019-06-28 | Senate | Read twice and referred to the Committee on Health, Education, Labor, and Pensions. (Sponsor introductory remarks on measure: CR S4678) |
Same As/Similar To
HB3598 (Related) 2020-03-11 - Received in the Senate and Read twice and referred to the Committee on Health, Education, Labor, and Pensions.
Subjects
Disability and paralysis
Disability assistance
Education
Government information and archives
Government lending and loan guarantees
Higher education
Income tax exclusion
State and local taxation
Student aid and college costs
Veterans' education, employment, rehabilitation
Veterans' pensions and compensation
Disability assistance
Education
Government information and archives
Government lending and loan guarantees
Higher education
Income tax exclusion
State and local taxation
Student aid and college costs
Veterans' education, employment, rehabilitation
Veterans' pensions and compensation
US Congress State Sources
Type | Source |
---|---|
Summary | https://www.congress.gov/bill/116th-congress/senate-bill/2049/all-info |
Text | https://www.congress.gov/116/bills/s2049/BILLS-116s2049is.pdf |