,i  #aadth ,,congress  #ast ,session    
,h4 ,r4 #cbjf  ,,in ,,the ,,house ,,of  
,,representatives  ,july #bc1 #bjae ,mr4
 ,mc,dermott 7for himself1 ,ms4 ,frankel
 of ,florida1 ,ms4 ,moore1 ,mr4 ,van    
,hollen1 ,mr4 ,capuano1 ,ms4 ,clark of  
,massachusetts1 ,mr4 ,scott of          
,virginia1 ,mr4 ,takano1 ,mr4 ,conyers1 
,mr4 ,swalwell of ,california1 ,mr4     
,blumenauer1 ,mr4 ,gallego1 ,mr4        
,rangel1 ,mr4 ,honda1 ,mr4 ,ellison1    
,ms4 ,judy ,chu of ,california1 ,mr4    
,thompson of ,california1 ,mr4 ,murphy  
of ,florida1 ,ms4 ,wilson of ,florida1  
,mrs4 ,torres1 ,mr4 ,farr1 ,mrs4        
,napolitano1 ,ms4 ,maxine ,waters of    
,california1 and ,ms4 ,bonamici7        
introduced the following bill2 which was
 referred to the ,committee on ,ways and
 ,means  ,a ,,bill  ,to amend the       
,internal ,revenue ,code of #aihf to    
exclude from gross income student loan  
indebtedness discharged in connection   
with closures of educational            
institutions1 and for other purposes4   

#a4 ,short title ,this ,act may be cited
 as the ,student ,tax ,relief ,act of   
#bjae4  #b4 ,exclusion from gross income
 of student loan indebtedness cancelled1
 discharged1 or forgiven  7a7 ,in       
general ,section #ajh7;f7 of the        
,internal ,revenue ,code of #aihf is    
amended by adding at the end the        
following3  7#e7 ,discharges in         
connection with student loan            
indebtedness cancelled1 discharged1 or  
forgiven  7,a7 ,in general ,gross income
 shall not include-- 7i7 any amount of a
 student loan discharged in whole or in 
part pursuant to section #dcg7;c7 of the
 ,higher ,education ,act of #aife 7#bj  
,u4,s4,c4 #ajhg7;c77 or by reason of a  
defense asserted pursuant to section    
#dee7;h7 of such ,act 7#bj ,u4,s4,c4    
#ajhg;e7h771  7ii7 any amount of a loan 
discharged under section #dfd7;g7 of    
such ,act 7#bj ,u4,s4,c4 #ajhg;dd7g771  
7iii7 any amount of a loan1 and interest
 on a loan1 which is canceled under     
section #dfe of such ,act 7#bj ,u4,s4,c4

 #ajhg;ee7a77#e771 or  7iv7 any amount  
which 7but for this subparagraph7 would 
be includible in gross income by reason 
of the discharge 7in whole or in part7  
of a loan to assist the attendance at an
 institution of higher learning if such 
discharge was pursuant to an agreement  
with the ,consumer ,financial           
,protection ,bureau or any other        
,federal agency in connection with the  
closure 7or other agency action7        
relating to such institution or         
successor institution4  7,b7 ,limitation
 on exclusion ,notwithstanding any other
 provision of law1 no amount shall be   
excluded from gross income after the    
date of the enactment of this paragraph 
by a provision of the ,higher ,education
 ,act of #aife4  4  7b7 ,effective date 
7#a7 ,in general ,except as provided by 
paragraph 7#b71 the amendment made by   
subsection 7a7 shall apply with respect 
to any forgiveness of indebtedness after
 ,june #ai1 #bjad4  7#b7 ,limitation    
,section #ajh7;f77#e77;,b7 of the       

,internal ,revenue ,code of #aihf1 as   
added by subsection 7a71 shall apply to 
loans cancelled1 discharged1 or forgiven
 after the date of the enactment of this
 ,act4