,i  #aad? ,,congress  #a/ ,session  ,h4 
,r4 #cbjf  ,,9 ,,! ,,h\se ,,(           
,,repres5tatives  ,july #bc1 #bjae ,mr4 
,mc,dermott 7= himself1 ,ms4 ,frankel ( 
,florida1 ,ms4 ,moore1 ,mr4 ,van ,holl51
 ,mr4 ,capuano1 ,ms4 ,cl>k (            
,massa*usetts1 ,mr4 ,scott ( ,virg9ia1  
,mr4 ,takano1 ,mr4 ,cony]s1 ,mr4        
,swalwell ( ,cali=nia1 ,mr4 ,blum5au]1  
,mr4 ,gallego1 ,mr4 ,rangel1 ,mr4       
,honda1 ,mr4 ,ellison1 ,ms4 ,judy ,*u ( 
,cali=nia1 ,mr4 ,?ompson ( ,cali=nia1   
,mr4 ,murphy ( ,florida1 ,ms4 ,wilson ( 
,florida1 ,mrs4 ,torres1 ,mr4 ,f>r1     
,mrs4 ,napolitano1 ,ms4 ,max9e ,wat]s ( 
,cali=nia1 & ,ms4 ,bonamici7 introduc$ !
 foll[+ bill2 :i* 0 ref]r$ to !         
,committee on ,ways & ,means  ,a ,,bill 
,to am5d ! ,int]nal ,rev5ue ,code (     
#aihf to exclude f gross income /ud5t   
loan indebt$ness dis*>g$ 9 connection ) 
closures ( educational in/itutions1 & = 
o!r purposes4  #a4 ,%ort title ,?is ,act
 may be cit$ z ! ,/ud5t ,tax ,relief    
,act ( #bjae4  #b4 ,exclusion f gross   

income ( /ud5t loan indebt$ness         
cancell$1 dis*>g$1 or =giv5  7a7 ,9     
g5]al ,section #ajh7;f7 ( ! ,int]nal    
,rev5ue ,code ( #aihf is am5d$ by add+  
at ! end ! foll[+3  7#e7 ,dis*>ges 9    
connection ) /ud5t loan indebt$ness     
cancell$1 dis*>g$1 or =giv5  7,a7 ,9    
g5]al ,gross income %all n include-- 7i7
 any am\nt ( a /ud5t loan dis*>g$ 9 :ole
 or 9 "p pursuant to section #dcg7;c7 ( 
! ,high] ,education ,act ( #aife 7#bj   
,u4,s4,c4 #ajhg7;c77 or by reason ( a   
def5se ass]t$ pursuant to section       
#dee7;h7 ( su* ,act 7#bj ,u4,s4,c4      
#ajhg;e7h771  7ii7 any am\nt ( a loan   
dis*>g$ "u section #dfd7;g7 ( su* ,act  
7#bj ,u4,s4,c4 #ajhg;dd7g771  7iii7 any 
am\nt ( a loan1 & int]e/ on a loan1 :i* 
is cancel$ "u section #dfe ( su* ,act   
7#bj ,u4,s4,c4 #ajhg;ee7a77#e771 or     
7iv7 any am\nt :i* 7b = ?is subp>agraph7
 w\ld be includible 9 gross income by   
reason ( ! dis*>ge 79 :ole or 9 "p7 ( a 
loan to assi/ ! att5dance at an         
in/itution ( high] le>n+ if su* dis*>ge 

0 pursuant to an agreem5t ) ! ,consum]  
,f9ancial ,protection ,bureau or any o!r
 ,f$]al ag5cy 9 connection ) ! closure  
7or o!r ag5cy action7 relat+ to su*     
in/itution or successor in/itution4     
7,b7 ,limitation on exclusion ,not)/&+  
any o!r provision ( law1 no am\nt %all  
be exclud$ f gross income aft] ! date ( 
! enactm5t ( ?is p>agraph by a provision
 ( ! ,high] ,education ,act ( #aife4  4 
7b7 ,effective date  7#a7 ,9 g5]al      
,except z provid$ by p>agraph 7#b71 !   
am5dm5t made by subsection 7a7 %all     
apply ) respect to any =giv5ess (       
indebt$ness aft] ,june #ai1 #bjad4  7#b7
 ,limitation ,section #ajh7;f77#e77;,b7 
( ! ,int]nal ,rev5ue ,code ( #aihf1 z   
add$ by subsection 7a71 %all apply to   
loans cancell$1 dis*>g$1 or =giv5 aft] !
 date ( ! enactm5t ( ?is ,act4