H.R.3448: Student Debt Cancellation Act of 2019

Overview

Student Debt Cancellation Act (H.R. 3448) would forgive all outstanding federal and private student loans, which is currently around $1.6 trillion and impacts 45 million Americans.

S.1947 is the Senate companion bill.

Related Bills

H.R.655

The Student Loan Repayment Assistance Act of 2019 would allow a business-related tax credit for an employer’s payments for employees under a student loan repayment program. The credit is equal to 10% of the amount that an employer pays on behalf of any employee under a program and is refundable for certain small businesses and […]

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H.R.3027

H.R. 3027 would impose a six-year statute of limitations on lenders to enforce collection of defaulted student loan. The legislation would also prohibit “administrative offset,” or the withholding of the payment of other federal benefits to collect on a defaulted loan. Lending institutions would also be prohibited from filing actions for wage garnishment to collect […]

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Contact Your Members of Congress

Our Stance

Support

Priority

Medium

Bill Number

H.R.3448

Date Introduced

June 24, 2019

Committee

House Ways and Means Committee

Bill Status

Introduced or Prefiled

Sponsor

Rep. Ilhan Omar

Co Sponsors