H.R. 4797 · 117th Congress · House

Student Loan Relief Act

Active· Referred to the Committee on Education and Labor, and in addition to the Committees on Ways and Means, and the Judiciary, for a period to be…
Introduced
Jul 29, 21
Passed House
Pending
Passed Senate
Pending
Sent to President
Pending
Signed into Law
Pending

Executive Summary

Student Loan Relief Act

This bill establishes a program to discharge certain federal student loan debt.

Specifically, the bill requires the Department of Education (ED) to automatically discharge (i.e., repay or cancel) up to $50,000 of outstanding student loan debt for each borrower. Members of Congress are not eligible to receive loan discharges.

Further, the bill outlines the method of loan discharge and excludes the loan discharges from taxable income.

In addition, the bill requires ED to automatically place each federal student loan borrower in administrative forbearance for the one-year period in which ED carries out the discharge of student loans. During this period, payments are not due, interest does not accrue, and ED may not pursue debt collection activities (e.g., wage garnishments).

Action Timeline

5
  1. JUL 29, 2021•IntroReferral

    Introduced in House

  2. JUL 29, 2021•IntroReferral

    Introduced in House

  3. JUL 29, 2021•IntroReferral

    Referred to the Committee on Education and Labor, and in addition to the Committees on Ways and Means, and the Judiciary, 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. JUL 29, 2021•IntroReferral

    Referred to the Committee on Education and Labor, and in addition to the Committees on Ways and Means, and the Judiciary, 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.

  5. JUL 29, 2021•IntroReferral

    Referred to the Committee on Education and Labor, and in addition to the Committees on Ways and Means, and the Judiciary, 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

3

Judiciary Committee

hsju00

Referred: Jul 29, 2021

Active

Ways and Means Committee

hswm00

Referred: Jul 29, 2021

Active

Education and Workforce Committee

hsed00

Referred: Jul 29, 2021

Active