HR 4545 · 116th Congress · Finance and Financial Sector
Private Loan Disability Discharge Act of 2019
Bill Progress
✓
Introduced2
Committee3
House Vote4
Senate5
EnactedLatest: Placed on the Union Calendar, Calendar No. 565.(2020-12-21)
Plain Language Summary
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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.…
Summarized by Claude AI · Non-partisan · For informational purposes only
CBO Cost Estimate
Congressional Budget OfficeH.R. 4545, Private Loan Disability Discharge Act of 2019
Apr 22, 2020As ordered reported by the House Committee on Financial Services on December 11, 2019
Full CBO report ↗Official non-partisan budget analysis by the Congressional Budget Office
Cosponsors (4)
4 Democrats