3.0.0 6446 2023-01-11T13:33:56Z 2023-01-11T13:33:56Z House HR 2016-12-06 114 [Congressional Record Volume 162, Number 175 (Tuesday, December 6, 2016)]From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]By Mr. PALLONE:H.R. 6446.Congress has the power to enact this legislation pursuantto the following:Article I, Section VIII.[Page H7272]]]> hswm00 Ways and Means Committee House Standing Referred to 2016-12-06T15:00:46Z hsba00 Financial Services Committee House Standing Referred to 2016-12-06T15:00:41Z 2016-12-06 Referred to the Committee on Financial Services, 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. IntroReferral H11100 2 House floor actions hswm00 Ways and Means Committee 2016-12-06 Referred to the Committee on Financial Services, 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. IntroReferral H11100-A 9 Library of Congress 2016-12-06 Referred to the Committee on Financial Services, 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. IntroReferral H11100 2 House floor actions hsba00 Financial Services Committee 2016-12-06 Introduced in House IntroReferral Intro-H 9 Library of Congress 2016-12-06 Introduced in House IntroReferral 1000 9 Library of Congress P000034 Rep. Pallone, Frank, Jr. [D-NJ-6] FRANK PALLONE D NJ 6 N C001068 Rep. Cohen, Steve [D-TN-9] Steve Cohen D TN 9 2016-12-06 True M001160 Rep. Moore, Gwen [D-WI-4] Gwen Moore D WI 4 2016-12-06 True P000604 Rep. Payne, Donald M., Jr. [D-NJ-10] Donald Payne D NJ M. 10 2016-12-06 True W000822 Rep. Watson Coleman, Bonnie [D-NJ-12] Bonnie Watson Coleman D NJ 12 2016-12-06 True P000096 Rep. Pascrell, Bill, Jr. [D-NJ-9] WILLIAM PASCRELL D NJ J. 9 2016-12-07 False Finance and Financial Sector Finance and Financial Sector 00 2016-12-06 Introduced in House 2016-12-27T19:30:30Z Student Borrower Higher Education Lending Protection Act of 2016 or the Student Borrower HELP Act of 2016

This bill amends the Truth in Lending Act to provide to student borrowers of private education loans: (1) loan payment deferments without interest accruing during any period in which the student borrower is temporarily disabled, and (2) loan discharges if a student borrower dies or becomes totally or permanently disabled.

If a student borrower dies or becomes totally or permanently disabled, the student borrower, any cosigner on the loan, or the estate of either the student borrower or the cosigner shall not be obligated to make any additional loan payments.

The Internal Revenue Code is amended to exclude from an individual's gross income (which would otherwise include cancellation of debt as income) amounts based on the discharge of a student loan under this bill. An individual is therefore not subject to tax liability for the discharge of student loan debt under this bill.

Private educational lenders must disclose to borrowers the number of private education loans they offer and the number and rate of defaults on such loans.

]]> Student Borrower HELP Act of 2016 Display Title Student Borrower HELP Act of 2016 Official Title as Introduced To amend the Truth in Lending Act to provide private education loan forgiveness for certain borrowers, to require disclosures related to private education loan default rates, and for other purposes. Introduced in House IH Short Titles as Introduced Student Borrower HELP Act of 2016 Short Titles as Introduced Student Borrower Higher Education Lending Protection Act of 2016 Introduced in House 2016-12-06T05:00:00Z https://www.govinfo.gov/content/pkg/BILLS-114hr6446ih/xml/BILLS-114hr6446ih.xml 2016-12-06 Referred to the Committee on Financial Services, 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. text/xml EN Pursuant to Title 17 Section 105 of the United States Code, this file is not subject to copyright protection and is in the public domain. Congressional Research Service, Library of Congress This file contains bill summaries and statuses for federal legislation. A bill summary describes the most significant provisions of a piece of legislation and details the effects the legislative text may have on current law and federal programs. Bill summaries are authored by the Congressional Research Service (CRS) of the Library of Congress. As stated in Public Law 91-510 (2 USC 166 (d)(6)), one of the duties of CRS is "to prepare summaries and digests of bills and resolutions of a public general nature introduced in the Senate or House of Representatives". For more information, refer to the User Guide that accompanies this file.