US HB8514 | 2019-2020 | 116th Congress
Status
Spectrum: Partisan Bill (Democrat 1-0)
Status: Introduced on October 2 2020 - 25% progression, died in committee
Action: 2020-10-02 - Referred to the Committee on Education and Labor, and in addition to the Committee on Ways and Means, 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.
Pending: House Education and Labor Committee
Text: Latest bill text (Introduced) [PDF]
Status: Introduced on October 2 2020 - 25% progression, died in committee
Action: 2020-10-02 - Referred to the Committee on Education and Labor, and in addition to the Committee on Ways and Means, 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.
Pending: House Education and Labor Committee
Text: Latest bill text (Introduced) [PDF]
Summary
Requires the Department of Education to cancel or repay up to $25,000 in outstanding student loan debt for each borrower. Further, the bill outlines the method of loan discharge and, for tax purposes, excludes loan cancellation or repayment from a borrower's gross income.
Title
Student Loan Relief Act
Sponsors
| Rep. Vicente Gonzalez [D-TX] |
History
| Date | Chamber | Action |
|---|---|---|
| 2020-10-02 | House | Referred to the Committee on Education and Labor, and in addition to the Committee on Ways and Means, 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. |
| 2020-10-02 | House | Referred to the Committee on Education and Labor, and in addition to the Committee on Ways and Means, 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. |
| 2020-10-02 | House | Introduced in House |
Subjects
Education
Government lending and loan guarantees
Higher education
Income tax exclusion
Interest, dividends, interest rates
Student aid and college costs
Government lending and loan guarantees
Higher education
Income tax exclusion
Interest, dividends, interest rates
Student aid and college costs
US Congress State Sources
| Type | Source |
|---|---|
| Summary | https://www.congress.gov/bill/116th-congress/house-bill/8514/all-info |
| Text | https://www.congress.gov/116/bills/hr8514/BILLS-116hr8514ih.pdf |
