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- H.R.1143
H.R.1143: LOAN Act
About This Bill
- Introduced Feb. 18, 2021
- Latest Major Action April 28, 2021
Bill Sponsor
Bill Cosponsors
6 (All Democrats)
Bill Version
- Introduced in House - Feb. 18, 2021
Bill Summary
Lenders Offer Assistance Now Act or the LOAN Act This bill requires the discharge of a private education loan in the event of the student borrower's disability. Such a discharge is not considered income for tax or other purposes. Additionally, the bill prohibits the automatic default of a private education loan due to the disability of a loan cosigner. Furthermore, the bill generally permits the discharge of student loans in bankruptcy....
(Source: Library of Congress)
Bill Actions
| Date | Description |
|---|---|
| April 28, 2021 |
Referred to the Subcommittee on Antitrust, Commercial, and Administrative Law.
|
| Feb. 18, 2021 |
Referred to the Committee on Financial Services, and in addition to the Committees on the Judiciary, and 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.
|
| Feb. 18, 2021 |
Introduced in the House by Dan Kildee (D-Mich.) |