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HR 6708 United States House · 117th Congress

Student Loan Relief Act

Summary
Student Loan Relief Act This bill requires the Department of Education to cancel or repay up to $25,000 in outstanding student loan debt for each borrower. Further, the bill outlines the method of loan discharge and, for tax purposes, excludes loan cancellation or repayment from a borrower's gross income.
Issues: ✓ Budget & TaxesSupports Budget & TaxesExcludes forgiven student loan debt from taxable income, providing direct tax relief to borrowers per bill's tax provisions.95% confidence ✓ EducationSupports EducationCancels student debt, reducing financial barriers to higher education and expanding access to post-secondary opportunities.85% confidence
Bill status in committee 1 of 4 stages cleared
Introduction
Feb 2022
Committee Review
Floor Vote
President
Introduced Feb 11, 2022 Last action Feb 11, 2022
Floor votes

How they voted

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Full legislative history

Actions timeline

Total actions
2
Key actions
0
Committee
1
Feb 11, 2022
Committee
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.
lower
Feb 11, 2022
Introduced
Introduced in House
lower
1 primary · 0 co-sponsors

Sponsors

Role
Legislator
Party
State
District
P
Photo of Vicente Gonzalez
Vicente Gonzalez
DDemocratic
TX
34