,,ii  #aad? ,,congress  #b;d ,session   
,s4 #bhjj  ,,9 ,,! ,,s5ate ,,( ,,!      
,,unit$ ,,/ates  ,april #ad1 #bjaf ,mr4 
,coons 7= himself1 ,mr4 ,k+1 & ,mr4     
,portman7 introduc$ ! foll[+ bill2 :i* 0
 read twice & ref]r$ to ! ,committee on 
,f9ance  ,a ,,bill  ,to am5d ! ,int]nal 
,rev5ue ,code ( #aihf & ! ,high]        
,education ,act ( #aife to provide an   
exclusion f income = /ud5t loan =giv5ess
 = /ud5ts :o h di$ or become disabl$4   
#a4 ,%ort title ,?is ,act may be cit$ z 
! ,/op ,tax+ ,dea? & ,disability ,act4  
#b4 ,treatm5t ( /ud5t loans dis*>g$ on  
acc\nt ( dea? or disability  7a7        
,am5dm5ts to ,int]nal ,rev5ue ,code (   
#aihf  7#a7 ,9 g5]al ,section #ajh7;f7 (
 ! ,int]nal ,rev5ue ,code ( #aihf is    
am5d$ by add+ at ! end ! foll[+ new     
p>agraph3  7#e7 ,dis*>ges on acc\nt (   
dea? or disability  7,a7 ,9 g5]al ,9 !  
case ( an individual1 gross income does 
n include any am\nt :i* 7b = ?is        
subsection7 w\ld be includible 9 gross  
income by reasons ( ! dis*>ge 79 :ole or

 9 "p7 ( any loan describ$ 9 subp>agraph
 7,b7 if su* dis*>ge 0--  7i7 pursuant  
to subsection 7a7 or 7d7 ( section #dcg 
( ! ,high] ,education ,act ( #aife or ! 
p>allel b5efit "u "p ,d ( title ,,iv (  
su* ,act 7relat+ to ! repaym5t ( loan   
liability71  7ii7 pursuant to section   
#dfd7;c77#a77;,f7 ( su* ,act1 or  7iii7 
o!rwise dis*>g$ on acc\nt ( ! dea? or   
total & p]man5t disability ( ! /ud5t4   
7,b7 ,loans describ$ ,a loan is describ$
 9 ?is subp>agraph if su* loan is-- 7i7 
a /ud5t loan 7z def9$ 9 p>agraph 7#b771 
or  7ii7 a private education loan 7z    
def9$ 9 section #adj7g7 ( ! ,consum]    
,cr$it ,protection ,act 7#ae ,u4,s4,c4  
#afej7g7774  4  7#b7 ,effective date ,! 
am5dm5t made by ?is section %all apply  
to dis*>ges ( loans be=e1 on1 or aft] ! 
date ( ! enactm5t ( ?is ,act4  7b7      
,am5dm5t to ! ,high] ,education ,act (  
#aife ,section #dcg7;d7 ( ! ,high]      
,education ,act ( #aife 7#bj ,u4,s4,c4  
#ajhg7;d77 is am5d$ by ins]t+ or becomes
 p]man5tly & totally disabl$ 7z det]m9$ 

9 accordance ) regulations ( !          
,secret>y71 or if ! /ud5t is unable to  
engage 9 any sub/antial ga9ful activity 
by reason ( any m$ically det]m9able     
physical or m5tal impairm5t t c be      
expect$ to result 9 dea?1 has la/$ = a  
cont9u\s p]iod ( n less ?an #fj mon?s1  
or c be expect$ to la/ = a cont9u\s     
p]iod ( n less ?an #fj mon?s aft] dies4