US Congress House Bill 5617 (Prior Session Legislation)

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Spectrum: Partisan Bill (Democrat 21-0)
Status: Introduced on July 1 2016 - 25% progression, died in committee
Action: 2016-07-01 - Referred to the House Committee on Ways and Means.
Pending: House Ways And Means Committee
Text: Latest bill text (Introduced) [PDF]

Underwater Student Borrowers Act This bill amends the Internal Revenue Code, with respect to the exclusion from gross income of income attributable to the discharge of student loan indebtedness, to: (1) include indebtedness discharged due to income-contingent and income-based repayment plans, the death or disability of the borrower, or the closing of an educational institution; and (2) revise the definition of "student loan" to mean a loan made by any lender, including a loan for the refinancing of an existing loan.

Underwater Student Borrowers Act

Rep. Mark Pocan [D-WI]	Rep. Richard Nolan [D-MN]	Rep. Frederica Wilson [D-FL]	Rep. Raul Grijalva [D-AZ]
Rep. Mark Takano [D-CA]	Rep. Jim McDermott [D-WA]	Rep. Eleanor Norton [D-DC]	Rep. Gwen Moore [D-WI]
Rep. Suzanne Bonamici [D-OR]	Rep. John Sarbanes [D-MD]	Rep. Ruben Hinojosa [D-TX]	Rep. Keith Ellison [D-MN]
Rep. James McGovern [D-MA]	Rep. Peter DeFazio [D-OR]	Rep. Nydia Velazquez [D-NY]	Rep. Robert Scott [D-VA]
Rep. Brendan Boyle [D-PA]	Rep. Sheila Jackson-Lee [D-TX]	Rep. Charles Rangel [D-NY]	Sen. Chris Van Hollen [D-MD]
Rep. Jerry McNerney [D-CA]

Date	Chamber	Action
2016-07-01	House	Referred to the House Committee on Ways and Means.
2016-07-01	House	Introduced in House

Type	Source
Summary	https://www.congress.gov/bill/114th-congress/house-bill/5617/all-info
Text	https://www.congress.gov/114/bills/hr5617/BILLS-114hr5617ih.pdf