H.R. 2498 · 117th Congress · House

Private Loan Disability Discharge Act of 2021

Active· Referred to the Committee on Financial Services, and in addition to the Committee on Ways and Means, for a period to be subsequently determi…
Introduced
Apr 14, 21
Passed House
Pending
Passed Senate
Pending
Sent to President
Pending
Signed into Law
Pending

Executive Summary

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.

Action Timeline

4
  1. APR 14, 2021•IntroReferral

    Introduced in House

  2. APR 14, 2021•IntroReferral

    Introduced in House

  3. APR 14, 2021•IntroReferral

    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.

  4. APR 14, 2021•IntroReferral

    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.

Committees

2

Ways and Means Committee

hswm00

Referred: Apr 14, 2021

Active

Financial Services Committee

hsba00

Referred: Apr 14, 2021

Active