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S. 3189

Income-Based Repayment Debt Forgiveness Act

Income-Based Repayment Debt Forgiveness Act

This bill amends the Internal Revenue Code to exclude from the gross income of an individual any income that is attributable to the discharge of a federal student loan pursuant to a federal program or law that provides for income contingent or income-based repayment of the loan.

Read twice and referred to the Committee on Finance.

Sen. Merkley, Jeff [D-OR](D-OR)Sponsor
1 cosponsor1 D
1cosponsors1committees2actions3subjects
  1. IntroReferral

    Read twice and referred to the Committee on Finance.

    Finance Committee
  2. IntroReferral10000

    Introduced in Senate

Income-Based Repayment Debt Forgiveness Act — Informed