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Bill116th CongressFiled Sep 27, 2019Finance and Financial Sector
H.R. 4545

Private Loan Disability Discharge Act of 2019

Bill journey · stage 2 of 5

Under committee review

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What it doesSummary reported to house, part i (Dec 21, 2020)

Private Loan Disability Discharge Act of 2019

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.

What just happenedDec 21, 2020

Placed on the Union Calendar, Calendar No. 565.

Who’s behind it

Rep. Dean, Madeleine [D-PA-4](D-PA)Sponsor
4 cosponsors4 D
Read on Congress.gov
4cosponsors2committees12actions6subjects
  1. Dec 21, 2020CalendarsH12410

    Placed on the Union Calendar, Calendar No. 565.

  2. Dec 21, 2020DischargeH12300

    Committee on Ways and Means discharged.

    Ways and Means Committee
  3. Dec 21, 2020Committee5500

    Committee on Ways and Means discharged.

    Ways and Means Committee
  4. Dec 21, 2020CommitteeH12200

    Reported (Amended) by the Committee on Financial Services. H. Rept. 116-682, Part I.

    Financial Services Committee
  5. Dec 21, 2020Committee5000

    Reported (Amended) by the Committee on Financial Services. H. Rept. 116-682, Part I.

    Financial Services Committee
  6. Dec 11, 2019Committee

    Ordered to be Reported (Amended) by the Yeas and Nays: 32 - 25.

    Financial Services Committee
  7. Dec 11, 2019Committee

    Committee Consideration and Mark-up Session Held.

    Financial Services Committee
  8. Dec 10, 2019Committee

    Committee Consideration and Mark-up Session Held.

    Financial Services Committee
  9. Sep 27, 2019IntroReferralH11100

    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.

    Ways and Means Committee
  10. Sep 27, 2019IntroReferralH11100

    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.

    Financial Services Committee
  11. Sep 27, 2019IntroReferralIntro-H

    Introduced in House

  12. Sep 27, 2019IntroReferral1000

    Introduced in House

Reported to House, Part IDec 21, 20208

Private Loan Disability Discharge Act of 2019

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.

Introduced in HouseSep 27, 2019

Private Loan Disability Discharge Act of 2019

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.

Private Loan Disability Discharge Act of 2019 — Informed