Underwater Student Borrowers Act

Summary

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.

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Timeline

1. 1 July 2016

   Introduced

   Referred to the House Committee on Ways and Means.

   Source: IntroReferral

2. 1 July 2016

   Introduced

   Introduced in House

   Source: IntroReferral

3. 1 July 2016

   Introduced

   Introduced in House

   Source: IntroReferral

Votes

No vote records are attached yet.

Versions

• Introduced in House · 1 July 2016 · Official file

Documents

3 official files

• Introduced in House (text)

  Introduced in House · EN · 1 July 2016

  ViewDownloadOpen at official source

• Introduced in House (PDF)

  Introduced in House · EN · 1 July 2016

  ViewDownloadOpen at official source

• Introduced in House

  summary · EN · 1 July 2016

  Open at official source

Sponsors

• Rep. Pocan, Mark [D-WI-2] · D · Sponsor
• RICHARD NOLAN · D · Sponsor
• Rep. Wilson, Frederica S. [D-FL-24] · D · Sponsor
• Raúl Grijalva · D · Sponsor
• Rep. Takano, Mark [D-CA-39] · D · Sponsor
• Rep. McDermott, Jim [D-WA-7] · D · Sponsor
• Del. Norton, Eleanor Holmes [D-DC-At Large] · D · Sponsor
• Rep. Moore, Gwen [D-WI-4] · D · Sponsor
• Rep. Bonamici, Suzanne [D-OR-1] · D · Sponsor
• John Sarbanes · D · Sponsor
• Rep. Hinojosa, Ruben [D-TX-15] · D · Sponsor
• Keith Ellison · D · Sponsor
• Rep. McGovern, James P. [D-MA-2] · D · Sponsor
• PETER DEFAZIO · D · Sponsor
• Rep. Velázquez, Nydia M. [D-NY-7] · D · Sponsor
• Rep. Scott, Robert C. "Bobby" [D-VA-3] · D · Sponsor
• Rep. Boyle, Brendan F. [D-PA-2] · D · Cosponsor
• Sheila Jackson Lee · D · Cosponsor
• Rep. Rangel, Charles B. [D-NY-19] · D · Cosponsor
• Sen. Van Hollen, Chris [D-MD] · D · Cosponsor
• Jerry McNerney · D · Cosponsor
• · hswm00 · Standing

Related records

• related to → Student Loan Tax Debt Relief Act