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HR 5359 116th Congress House Taxation Employee benefits and pensions Higher education Income tax deductions Income tax exclusion Interest, dividends, interest rates Student aid and college costs

DEBT Act of 2019

Introduced: December 6, 2019 See on congress.gov
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This bill died when the 116th Congress ended
It never became law before the 116th Congress (2019–2020) 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
Dec 6, 2019
Referred to the House Committee on Ways and Means.
Dec 6, 2019
Introduced in House
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 Plain-English summary Congressional Research Service

Decreasing Employees Burdensome Taxes from Student Loans Act of 2019 or the DEBT Act of 2019

This bill amends the Internal Revenue Code, with respect to the tax treatment of student loan payments, to (1) expand the tax exclusion for employer-provided educational assistance programs to include an employer's payment of any qualified education loan incurred by an employee, (2) increase the maximum amount that may be excluded from the gross income of an employee under employer-provided educational assistance programs, and (3) increase the maximum tax deduction and the income limitation for interest on education loans.

What's happening now December 6, 2019

Referred to the House Committee on Ways and Means.

 Bill text 1 version

Source documents hosted by congress.gov.

 Committees of jurisdiction 1
 Cosponsors 3
All 3 Democratic 1
D
Gottheimer, Josh
New Jersey · Oct 1, 2020
Katko, John
· Dec 6, 2019
Rice, Kathleen
· Dec 6, 2019
Cite this page click to expand
APA
U.S. Congress. (2026). H.R. 5359: DEBT Act of 2019. 116th Congress. Open America. https://openamerica.io/bill/116-HR-5359/
MLA
"H.R. 5359: DEBT Act of 2019." 116th Congress, 2026, Open America, https://openamerica.io/bill/116-HR-5359/.
Bluebook (legal)
H.R. 5359, 116th Cong. (2026), https://openamerica.io/bill/116-HR-5359/.
Markdown link
[H.R. 5359: DEBT Act of 2019](https://openamerica.io/bill/116-HR-5359/)
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