Summary: H.R.5617 — 114th Congress (2015-2016)All Information (Except Text)

There is one summary for H.R.5617. Bill summaries are authored by CRS.

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Introduced in House (07/01/2016)

Underwater Student Borrowers Act

This bill amends the Internal Revenue Code, with respect to the exclusion from gross income of income attributable to the discharge of student loan indebtedness, to: (1) include indebtedness discharged due to income-contingent and income-based repayment plans, the death or disability of the borrower, or the closing of an educational institution; and (2) revise the definition of "student loan" to mean a loan made by any lender, including a loan for the refinancing of an existing loan.