House Bill 7655
116th Congress(2019-2020)
COVID-19 Student Loan Relief Act (CSLRA) of 2020
Introduced
Introduced in House on Jul 16, 2020
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
7655
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
COVID-19 Student Loan Relief Act (CSLRA) of 2020
This bill allows student loan debt to be discharged in bankruptcy if (1) the debtor's income has declined by a specified amount during the COVID-19 (i.e., coronavirus disease 2019) outbreak or as a result of the outbreak, or (2) the primary income earner of the debtor's family died or became seriously disabled as a result of COVID-19.
July 16, 2020
07/16/2020
Referred to the House Committee on the Judiciary.
07/16/2020
Introduced in House
Public Record
Record Updated
Jan 11, 2023 1:45:54 PM