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HR 5617 114th Congress House Taxation Government lending and loan guarantees Higher education Income tax exclusion Student aid and college costs

Underwater Student Borrowers Act

Introduced: July 1, 2016 Introduced by: Pocan, Mark Democratic · Wisconsin See on congress.gov
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This bill died when the 114th Congress ended
It never became law before the 114th Congress (2015–2016) adjourned, and bills don't carry over to the next Congress. It would have to be reintroduced. You can still save it for reference, but it won't receive updates.
 Everywhere this bill has been 2 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Jul 1, 2016
Referred to the House Committee on Ways and Means.
Jul 1, 2016
Introduced in House
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 Plain-English summary Congressional Research Service

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.

What's happening now July 1, 2016

Referred to the House Committee on Ways and Means.

 Related & companion bills 1
  • HR 2429 Related bill Student Loan Tax Debt Relief Act
 Bill text 1 version

Source documents hosted by congress.gov.

 Committees of jurisdiction 1
 Cosponsors 10
All 10 Democratic 10
D
Van Hollen, Chris
Maryland · Jul 8, 2016
 D
Boyle, Brendan F.
Pennsylvania · Jul 5, 2016
 D
Bonamici, Suzanne
Oregon · Jul 1, 2016
 D
McGovern, James P.
Massachusetts · Jul 1, 2016
 D
Moore, Gwen
Wisconsin · Jul 1, 2016
 D
Norton, Eleanor Holmes
District of Columbia · Jul 1, 2016
 D
Scott, Robert C. "Bobby"
Virginia · Jul 1, 2016
 D
Takano, Mark
California · Jul 1, 2016
 D
Velázquez, Nydia M.
New York · Jul 1, 2016
 D
Wilson, Frederica S.
Florida · Jul 1, 2016
Cite this page click to expand
APA
U.S. Congress. (2026). H.R. 5617: Underwater Student Borrowers Act. 114th Congress. Open America. https://openamerica.io/bill/114-HR-5617/
MLA
"H.R. 5617: Underwater Student Borrowers Act." 114th Congress, 2026, Open America, https://openamerica.io/bill/114-HR-5617/.
Bluebook (legal)
H.R. 5617, 114th Cong. (2026), https://openamerica.io/bill/114-HR-5617/.
Markdown link
[H.R. 5617: Underwater Student Borrowers Act](https://openamerica.io/bill/114-HR-5617/)
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