HR 2498 · 117th Congress · Finance and Financial Sector

Private Loan Disability Discharge Act of 2021

Introduced 2021-04-14· Sponsored by Rep. Dean, Madeleine [D-PA-4]· House

Bill Progress

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Introduced
2
Committee
3
House Vote
4
Senate
5
Enacted
Latest: 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.(2021-04-14)

Plain Language Summary

[AI summary unavailable — showing source text] Private Loan Disability Discharge Act of 2021 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