US Congress Senate Bill 2800 (Prior Session Legislation)

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Spectrum: Bipartisan Bill
Status: Introduced on April 14 2016 - 25% progression, died in committee
Action: 2016-04-14 - Read twice and referred to the Committee on Finance.
Pending: Senate Finance Committee
Text: Latest bill text (Introduced) [PDF]

Stop Taxing Death and Disability Act This bill amends the Internal Revenue Code to exclude from the gross income of an individual the discharge of student loans or private education loans due to the death or disability of the student. The bill also amends the Higher Education Act of 1965 to require the Department of Education (ED) to discharge the liability on loans that parents received on behalf of a student who: (1) has become permanently and totally disabled, or (2) is unable to engage in any substantial gainful activity due to a physical or mental impairment that can be expected to result in death or has lasted or is expected to last continuously for at least 60 months. (Under current law, ED is required to discharge the loans to parents if the student dies.)

Stop Taxing Death and Disability Act

Sen. Christopher Coons [D-DE]	Sen. Angus King [I-ME]	Sen. Rob Portman [R-OH]	Sen. Kelly Ayotte [R-NH]
Sen. Debbie Stabenow [D-MI]	Sen. Richard Blumenthal [D-CT]	Sen. Patty Murray [D-WA]	Sen. Susan Collins [R-ME]
Sen. Thomas Carper [D-DE]	Sen. Johnny Isakson [R-GA]	Sen. Lindsey Graham [R-SC]	Sen. Dianne Feinstein [D-CA]
Sen. Tim Kaine [D-VA]	Sen. Jeff Merkley [D-OR]	Sen. Cory Gardner [R-CO]	Sen. John Hoeven [R-ND]
Sen. John McCain [R-AZ]	Sen. James Risch [R-ID]

Date	Chamber	Action
2016-04-14	Senate	Read twice and referred to the Committee on Finance.

HB5204 (Related) 2016-12-08 - Placed on the Union Calendar, Calendar No. 674.

Type	Source
Summary	https://www.congress.gov/bill/114th-congress/senate-bill/2800/all-info
Text	https://www.congress.gov/114/bills/s2800/BILLS-114s2800is.pdf