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S 2049 116th Congress Senate Education Disability and paralysis Disability assistance Government information and archives Government lending and loan guarantees Higher education Income tax exclusion State and local taxation Student aid and college costs Veterans' education, employment, rehabilitation Veterans' pensions and compensation

A bill to amend the Higher Education Act of 1965 to automatically discharge the loans of certain veteran borrowers, and for other purposes.

Introduced: June 28, 2019 Introduced by: Reed, Jack Democratic · Rhode Island See on congress.gov
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 Everywhere this bill has been 2 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Jun 28, 2019
Read twice and referred to the Committee on Health, Education, Labor, and Pensions. (Sponsor introductory remarks on measure: CR S4678)
Jun 28, 2019
Introduced in Senate
 Plain-English summary Congressional Research Service

This bill requires the Department of Education (ED) to automatically discharge loans under the Federal Family Education Loan program for certain borrowers who are veterans of the U.S. Armed Forces.

Specifically, ED must

  • automatically discharge a veteran borrower's loan when the Department of Veterans Affairs has assigned the borrower a rating of total disability for a service-connected disability or has determined the borrower to be unemployable due to a service-connected condition,
  • determine whether a state might impose a tax liability for the discharge of such a loan, and
  • provide the borrower with a notification related to potential tax liability and an opportunity to opt out of such loan discharge.
What's happening now June 28, 2019

Read twice and referred to the Committee on Health, Education, Labor, and Pensions. (Sponsor introductory remarks on measure: CR S4678)

 Committees of jurisdiction 1