summary
Introduced
09/27/2019
09/27/2019
In Committee
12/11/2019
12/11/2019
Crossed Over
Passed
Dead
12/31/2020
12/31/2020
Introduced Session
116th Congress
Bill Summary
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. 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.
AI Summary
This bill, the Private Loan Disability Discharge Act of 2019, 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.
Committee Categories
Business and Industry
Sponsors (5)
Last Action
Placed on the Union Calendar, Calendar No. 565. (on 12/21/2020)
Official Document
bill text
bill summary
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bill summary
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bill summary
| Document Type | Source Location | Created |
|---|---|---|
| State Bill Page | https://www.congress.gov/bill/116th-congress/house-bill/4545/all-info | 09/28/2019 |
| BillText | https://www.congress.gov/116/bills/hr4545/BILLS-116hr4545rh.pdf | 12/24/2020 |
| Bill | https://www.congress.gov/116/bills/hr4545/BILLS-116hr4545rh.pdf.pdf | 12/24/2020 |
| BillText | https://www.congress.gov/116/bills/hr4545/BILLS-116hr4545ih.pdf | 10/04/2019 |
| Bill | https://www.congress.gov/116/bills/hr4545/BILLS-116hr4545ih.pdf.pdf | 10/04/2019 |
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