summary
Introduced
12/09/2019
12/09/2019
In Committee
12/09/2019
12/09/2019
Crossed Over
Passed
Dead
12/31/2020
12/31/2020
Introduced Session
116th Congress
Bill Summary
To provide for secure disclosure of tax-return information to carry out the Higher Education Act of 1965, and for other purposes. This bill directs the Internal Revenue Service (IRS), upon the written request of the Department of Education, to disclose to any authorized person, tax return information to determine eligibility for recertifications for income-contingent or income-based repayments, discharges of loans based on total and permanent disability, and the amount of student financial aid. The IRS must also establish and implement procedures for recertifying income for purposes of this bill and for requesting tax return information.
AI Summary
This bill, the Faster Access to Federal Student Aid Act of 2019, directs the Internal Revenue Service (IRS) to disclose tax return information to the Department of Education upon request for the purposes of determining eligibility and repayment obligations for income-contingent or income-based student loan repayment plans, discharging loans due to total and permanent disability, and calculating federal student financial aid. The bill also establishes automatic income recertification procedures for income-contingent and income-based repayment plans, and automatic income monitoring procedures for borrowers who have had their loans discharged due to total and permanent disability. The bill sets requirements for the Department of Education to obtain borrower approval before requesting tax information from the IRS.
Committee Categories
Education
Sponsors (1)
Last Action
Referred to the Committee on Education and Labor, 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. (on 12/09/2019)
Official Document
bill text
bill summary
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bill summary
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bill summary
| Document Type | Source Location |
|---|---|
| State Bill Page | https://www.congress.gov/bill/116th-congress/house-bill/5368/all-info |
| BillText | https://www.congress.gov/116/bills/hr5368/BILLS-116hr5368ih.pdf |
| Bill | https://www.congress.gov/116/bills/hr5368/BILLS-116hr5368ih.pdf.pdf |
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