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Titles (2)

Short Titles

Short Titles - House of Representatives

Short Titles as Introduced

Underwater Student Borrowers Act

Official Titles

Official Titles - House of Representatives

Official Title as Introduced

To amend the Internal Revenue Code of 1986 to exclude from gross income any discharge of student loan indebtedness.

Actions Overview (1)

07/01/2016Introduced in House

All Actions (2)

07/01/2016Referred to the House Committee on Ways and Means.
Action By: House of Representatives
07/01/2016Introduced in House
Action By: House of Representatives

Committees (1)

Committees, subcommittees and links to reports associated with this bill are listed here, as well as the nature and date of committee activity and Congressional report number.

Committee / Subcommittee Date Activity Reports
House Ways and Means07/01/2016 Referred to

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Subjects (5)

Latest Summary (1)

There is one summary for H.R.5617. View summaries

Shown Here:
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.