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S 1248 116th Congress Senate Taxation Higher education Income tax exclusion Student aid and college costs

Income-Based Repayment Debt Forgiveness Act

Introduced: April 30, 2019 Introduced by: Merkley, Jeff Democratic · Oregon 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
Apr 30, 2019
Read twice and referred to the Committee on Finance.
Apr 30, 2019
Introduced in Senate
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 Plain-English summary Congressional Research Service

Income-Based Repayment Debt Forgiveness Act

This bill modifies the requirements for calculating taxable income to exclude from the gross income of an individual any income that is attributable to the discharge of a federal student loan pursuant to a federal program or law that provides for income contingent or income-based repayment of the loan.

What's happening now April 30, 2019

Read twice and referred to the Committee on Finance.

 Bill text 1 version

Source documents hosted by congress.gov.

 Committees of jurisdiction 1
 Cosponsors 1
All 1 Democratic 1
D
Wyden, Ron
Oregon · Apr 30, 2019
Cite this page click to expand
APA
U.S. Congress. (2026). S. 1248: Income-Based Repayment Debt Forgiveness Act. 116th Congress. Open America. https://openamerica.io/bill/116-S-1248/
MLA
"S. 1248: Income-Based Repayment Debt Forgiveness Act." 116th Congress, 2026, Open America, https://openamerica.io/bill/116-S-1248/.
Bluebook (legal)
S. 1248, 116th Cong. (2026), https://openamerica.io/bill/116-S-1248/.
Markdown link
[S. 1248: Income-Based Repayment Debt Forgiveness Act](https://openamerica.io/bill/116-S-1248/)
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