House Bill 4545
116th Congress(2019-2020)
Private Loan Disability Discharge Act of 2019
Introduced
Introduced in House on Sep 27, 2019
Origin Chamber
House
Type
Bill
Bill
The primary form of legislative measure used to propose law. Depending on the chamber of origin, bills begin with a designation of either H.R. or S. Joint resolution is another form of legislative measure used to propose law.
Bill Number
4545
Congress
116
Policy Area
Finance and Financial Sector
Finance and Financial Sector
Primary focus of measure is U.S. banking and financial institutions regulation; consumer credit; bankruptcy and debt collection; financial services and investments; insurance; securities; real estate transactions; currency. Measures concerning financial crimes may fall under Crime and Law Enforcement. Measures concerning business and corporate finance may fall under Commerce policy area. Measures concerning international banking may fall under Foreign Trade and International Finance policy area.
No House votes have been held for this bill.
Summary
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.
12/21/2020
Placed on the Union Calendar, Calendar No. 565.
12/21/2020
Committee on Ways and Means discharged.
12/21/2020
Reported (Amended) by the Committee on Financial Services. H. Rept. 116-682, Part I.
12/11/2019
Ordered to be Reported (Amended) by the Yeas and Nays: 32 - 25.
12/11/2019
Committee Consideration and Mark-up Session Held.
12/10/2019
Committee Consideration and Mark-up Session Held.
09/27/2019
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.
09/27/2019
Introduced in House
Public Record
Record Updated
Jan 11, 2023 1:44:06 PM