3.0.0 4079 2022-11-01T13:50:19Z 2022-11-01T13:50:19Z House HR 2019-07-25 116 [Congressional Record Volume 165, Number 126 (Thursday, July 25, 2019)][House]From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]By Mr. ZELDIN:H.R. 4079.Congress has the power to enact this legislation pursuantto the following:Article 1, Section 8 of the United States Constitution.[Page H7471]]]> hswm00 Ways and Means Committee House Standing Referred to 2019-07-25T14:15:35Z hsed00 Education and the Workforce Committee House Standing Referred to 2019-07-25T14:15:30Z 2019-07-25 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. IntroReferral H11100 2 House floor actions hswm00 Ways and Means Committee 2019-07-25 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. IntroReferral H11100 2 House floor actions hsed00 Education and the Workforce Committee 2019-07-25 Introduced in House IntroReferral Intro-H 9 Library of Congress 2019-07-25 Introduced in House IntroReferral 1000 9 Library of Congress Z000017 Rep. Zeldin, Lee M. [R-NY-1] Lee Zeldin R NY M. 1 N Education Education programs funding Employee hiring Employment taxes Government information and archives Government lending and loan guarantees Higher education Interest, dividends, interest rates Internet and video services Internet, web applications, social media Military personnel and dependents Student aid and college costs Tax administration and collection, taxpayers User charges and fees Education 00 2019-07-25 Introduced in House 2021-01-21T14:16:39Z Earnings Contingent Education Loans Act of 2019 or the ExCEL Act of 2019

This bill replaces existing federal student loan programs with the Income Dependent Education Assistance (IDEA) Loan Program and the IDEA Loan Repayment Program. Loans under these programs are not eligible for the federal public service loan forgiveness program. The repayment program offers a single repayment plan that caps annual debt repayments based on the borrower's income.

The Department of Education (ED) must provide an online tool to enable borrowers to make payments and access specified details regarding loans.

The bill provides ED with access to information in the National Directory of New Hires to identify when borrowers are hired and remind them of their repayment status and obligation to provide accurate employment information.

The bill requires (1) the total amount deducted and withheld under the IDEA Loan Repayment Program to be reported on W-2 forms, and (2) the Department of the Treasury to disclose to ED tax return information necessary to carry out the IDEA Loan Repayment Program.

]]> ExCEL Act of 2019 Display Title ExCEL Act of 2019 Official Title as Introduced To simplify and improve the Federal student loan program through income-contingent repayment to provide stronger protections for borrowers, encourage responsible borrowing, and save money for taxpayers. Introduced in House IH Short Title(s) as Introduced ExCEL Act of 2019 Introduced in House IH Short Title(s) as Introduced Earnings Contingent Education Loans Act of 2019 Introduced in House IH Introduced in House 2019-07-25T04:00:00Z https://www.govinfo.gov/content/pkg/BILLS-116hr4079ih/xml/BILLS-116hr4079ih.xml 2019-07-25 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. 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.