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HR 4584 115th Congress House Education Education programs funding Higher education Medical education Military personnel and dependents National Guard and reserves Student aid and college costs Veterans' education, employment, rehabilitation

Student Security Act of 2017

Introduced: December 7, 2017 See on congress.gov
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 Everywhere this bill has been 3 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Jan 5, 2018
Referred to the Subcommittee on Social Security.
Dec 7, 2017
Referred to the Committee on Ways and Means, and in addition to the Committee on Education and the Workforce, 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.
Dec 7, 2017
Introduced in House
 Plain-English summary Congressional Research Service

Student Security Act of 2017

This bill amends the Higher Education Act of 1965 to require the Department of Education and the Social Security Administration to jointly carry out a student loan forgiveness program that will forgive Federal Direct loans in exchange for delayed eligibility for old-age insurance benefits under the Social Security Act.

In addition, the bill authorizes the transfer of amounts from the Federal Old-Age and Survivors Insurance Trust Fund into the Federal Disability Insurance Trust Fund if borrowing is necessary to pay full benefit payments from the Federal Disability Insurance Trust Fund.

The bill amends the Internal Revenue Code to expand the exclusion from gross income of income attributable to the discharge of student loan indebtedness to include indebtedness discharged under the program.

What's happening now January 5, 2018

Referred to the Subcommittee on Social Security.

 Committees of jurisdiction 3
 Cosponsors 2
All 2 Republican 2