,i  #aaf? ,,congress  #b;d ,session  ,h4
 ,r4 #fcaf  ,,9 ,,! ,,h\se ,,(          
,,repres5tatives  ,m>* #bc1 #bjbj,ms4   
,dean introduc$ ! foll[+ bill2 :i* 0    
ref]r$ to ! ,committee on ,education &  
,labor1 & 9 addition to ! ,committees on
 ,f9ancial ,s]vices1 & ,ways & ,means1 =
 a p]iod to be subsequ5tly det]m9$ by ! 
,speak]1 9 ea* case = consid]ation ( su*
 provisions z fall )9 ! jurisdiction ( !
 committee conc]n$  ,a ,,bill  ,to      
provide relief = ,f$]al & private /ud5t 
loan borr[]s dur+ ! ,,covid-#ai p&emic1 
& = o!r purposes4  #a4 ,%ort title ,?is 
,act may be cit$ z ! ,em]g5cy ,relief = 
,/ud5t ,borr[]s ,act ( #bjbj4  #b4      
,paym5ts = ,f$]al /ud5t loan borr[]s z a
 result ( a national em]g5cy  7a7 ,9    
g5]al ,"p ,g ( title ,,iv ( ! ,high]    
,education ,act ( #aife 7#bj ,u4,s4,c4  
#ajhh et seq47 is am5d$ by ins]t+ aft]  
section #dic;,d ! foll[+3  #dic;,e4     
,paym5ts = /ud5t loan borr[]s dur+ !    
,,covid-#ai national em]g5cy  7a7       
,def9itions ,9 ?is section3 7#a7        

,coronavirus ,! t]m coronavirus has !   
mean+ giv5 ! t]m 9 section #ejf ( !     
,coronavirus ,prep>$ness & ,response    
,supplem5tal ,appropriations ,act1 #bjbj
 7,public ,law #aaf-abc74  7#b7         
,income-driv5 repaym5t ,! t]m           
income-driv5 repaym5t means-- 7,a7      
income-bas$ repaym5t au?oriz$ "u section
 #dic;,c = loans made1 insur$1 or       
gu>ante$ "u "p ,b or "p ,d2 or  7,b7    
income cont+5t repaym5t au?oriz$ "u     
section #dee7;e7 = loans made "u "p ,d4 
7#c7 ,involunt>y collection ,! t]m      
involunt>y collection means-- 7,a7 a    
wage g>ni%m5t au?oriz$ "u section       
#dhh;,a ( ?is ,act or section #cgbj;,d (
 title #ca1 ,unit$ ,/ates ,code2  7,b7 a
 r$uction ( tax refund by am\nt ( debt  
au?oriz$ "u section #cgbj;,a ( title    
#ca1 ,unit$ ,/ates ,code2  7,c7 a       
r$uction ( any o!r ,f$]al b5efit paym5t 
by adm9i/rative (fset au?oriz$ "u       
section #cgaf ( title #ca1 ,unit$ ,/ates
 ,code 7includ+ a b5efit paym5t due to  
an individual "u ! ,social ,security    

,act or any o!r provision describ$ 9    
subsection 7c77#c77;,a77i7 ( su*        
section72 &  7,d7 any o!r involunt>y    
collection activity4  7#d7 ,,covid-#ai  
em]g5cy p]iod ,= purposes ( ?is ,act1 ! 
t]m ,,covid-#ai em]g5cy p]iod means !   
p]iod t beg9s ^u ! date ( ! enactm5t (  
?is ,act & ends ^u ! date ( ! t]m9ation 
by ! ,f$]al ,em]g5cy ,managem5t         
,adm9i/ration ( ! em]g5cy decl>$ on ,m>*
 #ac1 #bjbj1 by ! ,presid5t "u ! ,rob]t 
,t4 ,/af=d ,disa/] ,relief & ,em]g5cy   
,assi/ance ,act 7#db ,u4,s4,c4 #daba et 
seq47 relat+ to ! ,coronavirus ,disease 
#bjai 7,,covid-#ai7 p&emic4  7b7        
,,covid-#ai national em]g5cy /ud5t loan 
repaym5t assi/ance  7#a7 ,au?ority      
,effective on ! date ( ! enactm5t ( ?is 
section1 dur+ ! ,,covid-#ai em]g5cy     
p]iod & ! #f-mon? p]iod imm$iately      
foll[+1 ! ,secret>y ( ,education %all = 
ea* borr[] ( a loan made1 insur$1 or    
gu>ante$ "u "p ,b1 ,d1 or ,e1 pay !     
total am\nt due = su* mon? on ! loan1   
bas$ on ! paym5t plan select$ by !      

borr[] or ! borr[]'s loan /atus4  7#b7  
,no capitalization ( int]e/ ,) respect  
to any loan 9 repaym5t dur+ !           
,,covid-#ai national em]g5cy p]iod & !  
#f-mon? p]iod imm$iately foll[+1 int]e/ 
due on loans made1 insur$1 or gu>ante$  
"u "p ,b1 ,d1 or ,e dur+ su* p]iod %all 
n be capitaliz$ at any "t dur+ !        
,,covid-#ai national em]g5cy p]iod & !  
#f-mon? p]iod imm$iately foll[+4  7#c7  
,applicability ( paym5ts ,any paym5t    
made by ! ,secret>y ( ,education "u ?is 
section %all be consid]$ by ! ,secret>y 
( ,education1 or by a l5d] ) respect to 
a loan made1 insur$1 or gu>ante$ "u "p  
,b-- 7,a7 z a qualify+ paym5t "u !      
public s]vice loan =giv5ess program "u  
section #dee7m71 if ! borr[] w\ld       
o!rwise qualify "u su* section2  7,b7 9 
! case ( a borr[] enroll$ 9 an          
income-driv5 repaym5t plan1 z a qualify+
 paym5t = ! purpose ( calculat+         
eligibility = loan =giv5ess = ! borr[] 9
 accordance ) section #dic;,c7b77#g7 or 
section #dee7;d77#a77;,d71 z ! case may 

be2 &  7,c7 9 ! case ( a borr[] 9       
default1 z an on-"t mon?ly paym5t =     
purposes ( loan rehabilitation pursuant 
to section #dbh;,f7a74  7#d7 ,report+ to
 consum] report+ ag5cies ,dur+ ! p]iod 9
 :i* ! ,secret>y ( ,education is mak+   
paym5ts on a loan "u p>agraph 7#a71 !   
,secret>y %all ensure t1 = ! purpose (  
report+ in=mation ab\t ! loan to a      
consum] report+ ag5cy1 any paym5t made  
by ! ,secret>y is treat$ z if x 7 a     
regul>ly s*$ul$ paym5t made by a borr[]4
  7#e7 ,notice ( paym5ts & program ,n   
lat] ?an #ae days foll[+ ! date (       
enactm5t ( ?is section1 & mon?ly !reaft]
 dur+ ! ,,covid-#ai national em]g5cy    
p]iod & ! #f-mon? p]iod imm$iately      
foll[+1 ! ,secret>y ( ,education %all   
provide a notice to all borr[]s ( loans 
made1 insur$1 or gu>ante$ "u "p ,b1 ,d1 
or ,e-- 7,a7 in=m+ borr[]s ( ! actions  
tak5 "u ?is section2  7,b7 provid+      
borr[]s ) an easily accessible me?od to 
opt out ( ! b5efits provid$ "u ?is      
section2 &  7,c7 notify+ ! borr[] t !   

program "u ?is section is a tempor>y    
program & w end #f mon?s aft] !         
,,covid-#ai national em]g5cy p]iod ends4
  7#f7 ,susp5sion ( involunt>y          
collection ,dur+ ! ,,covid-#ai national 
em]g5cy p]iod & ! #f-mon? p]iod         
imm$iately foll[+1 ! ,secret>y (        
,education1 or o!r hold] ( a loan made1 
insur$1 or gu>ante$ "u "p ,b1 ,d1 or ,e1
 %all imm$iately take action to halt all
 involunt>y collection relat$ to ! loan4
  7#g7 ,m&atory =be>ance ,dur+ ! p]iod 9
 :i* ! ,secret>y ( ,education is mak+   
paym5ts on a loan "u p>agraph 7#a71 !   
,secret>y1 or a l5d] or gu>anty ag5cy = 
a loan made "u "p ,b1 %all grant !      
borr[] =be>ance z foll[s3 7,a7 ,a       
tempor>y cessation ( all paym5ts on !   
loan o!r ?an ! paym5ts ( int]e/ &       
pr9cipal on ! loan t are made "u        
p>agraph 7#a74  7,b7 ,= borr[]s :o are  
del9qu5t b :o are n yet 9 default be=e !
 date on :i* ! ,secret>y beg9s mak+     
paym5ts "u p>agraph 7#a71 ! retroactive 
application ( =be>ance to address any   

del9qu5cy4  4  7b7 ,,ffel am5dm5t       
,section #dbh7;c77#h7 ( ! ,high]        
,education ,act ( #aife 7#bj ,u4,s4,c4  
#ajgh7;c77#h77 is am5d$ by /rik+ & = :i*
 & all t foll[s ?r\gh ?is subsection4   
#c4 ,paym5ts = private education loan   
borr[]s z a result ( ! ,,covid-#ai      
national em]g5cy ,section #adj ( ! ,tru?
 9 ,l5d+ ,act 7#ae ,u4,s4,c4 #afej7 is  
am5d$ by add+ at ! end ! foll[+ new     
subsection3  7h7 ,,covid-#ai national   
em]g5cy private education loan repaym5t 
assi/ance  7#a7 ,au?ority ,effective on 
! date ( ! enactm5t ( ?is section1 = !  
duration ( ! ,,covid-#ai em]g5cy p]iod &
 ! #f-mon? p]iod imm$iately foll[+1 !   
,secret>y ( ! ,treasury %all1 = ea*     
borr[] ( a private education loan1 pay !
 total am\nt due = su* mon? on ! loan1  
bas$ on ! paym5t plan select$ by !      
borr[] or ! borr[]'s loan /atus4  7#b7  
,no capitalization ( int]e/ ,) respect  
to any loan 9 repaym5t dur+ !           
,,covid-#ai national em]g5cy p]iod & !  
#f-mon? p]iod imm$iately foll[+1 int]e/ 

due on a private education loan dur+ su*
 p]iod %all n be capitaliz$ at any "t   
dur+ ! ,,covid-#ai national em]g5cy     
p]iod & ! #f-mon? p]iod imm$iately      
foll[+4  7#c7 ,report+ to consum]       
report+ ag5cies ,dur+ ! p]iod 9 :i* !   
,secret>y ( ! ,treasury is mak+ paym5ts 
on a loan "u p>agraph 7#a71 ! ,secret>y 
%all ensure t1 = ! purpose ( report+    
in=mation ab\t ! loan to a consum]      
report+ ag5cy1 any paym5t made by !     
,secret>y is treat$ z if x 7 a regul>ly 
s*$ul$ paym5t made by a borr[]4  7#d7   
,notice ( paym5ts & program ,n lat] ?an 
#ae days foll[+ ! date ( enactm5t ( ?is 
subsection1 & mon?ly !reaft] dur+ !     
,,covid-#ai national em]g5cy p]iod & !  
#f-mon? p]iod imm$iately foll[+1 !      
,secret>y ( ! ,treasury %all provide a  
notice to all borr[]s ( private         
education loans-- 7,a7 in=m+ borr[]s ( !
 actions tak5 "u ?is subsection2  7,b7  
provid+ borr[]s ) an easily accessible  
me?od to opt out ( ! b5efits provid$ "u 
?is subsection2 &  7,c7 notify+ ! borr[]

 t ! program "u ?is subsection is a     
tempor>y program & w end #f mon?s aft] !
 ,,covid-#ai national em]g5cy p]iod     
ends4  7#e7 ,susp5sion ( involunt>y     
collection ,dur+ ! ,,covid-#ai national 
em]g5cy p]iod & ! #f-mon? p]iod         
imm$iately foll[+1 ! hold] ( a private  
education loan %all imm$iately take     
action to halt all involunt>y collection
 relat$ to ! loan4  7#f7 ,m&atory       
=be>ance ,dur+ ! p]iod 9 :i* ! ,secret>y
 ( ! ,treasury is mak+ paym5ts on a loan
 "u p>agraph 7#a71 ! s]vic] ( su* loan  
%all grant ! borr[] =be>ance z foll[s3  
7,a7 ,a tempor>y cessation ( all paym5ts
 on ! loan o!r ?an ! paym5ts ( int]e/ & 
pr9cipal on ! loan t are made "u        
p>agraph 7#a74  7,b7 ,= borr[]s :o are  
del9qu5t b :o are n yet 9 default be=e !
 date on :i* ! ,secret>y beg9s mak+     
paym5ts "u p>agraph 7#a71 ! retroactive 
application ( =be>ance to address any   
del9qu5cy4  7#g7 ,data to implem5t      
,hold]s & s]vic]s ( private education   
loans %all report1 to ! satisfaction ( !

 ,secret>y ( ! ,treasury1 ! in=mation   
necess>y to calculate ! am\nt to be paid
 "u ?is section4  7#h7 ,,covid-#ai      
em]g5cy p]iod def9$ ,9 ?is subsection1 !
 t]m ,,covid-#ai em]g5cy p]iod means !  
p]iod t beg9s ^u ! date ( ! enactm5t (  
?is ,act & ends ^u ! date ( ! t]m9ation 
by ! ,f$]al ,em]g5cy ,managem5t         
,adm9i/ration ( ! em]g5cy decl>$ on ,m>*
 #ac1 #bjbj1 by ! ,presid5t "u ! ,rob]t 
,t4 ,/af=d ,disa/] ,relief & ,em]g5cy   
,assi/ance ,act 7#db ,u4,s4,c4 #daba et 
seq47 relat+ to ! ,coronavirus ,disease 
#bjai 7,,covid-#ai7 p&emic4  4  #d4     
,m9imum relief = ,f$]al & private /ud5t 
loan borr[]s z a result ( ! ,,covid-#ai 
national em]g5cy  7a7 ,m9imum /ud5t loan
 relief z a result ( ! ,,covid-#ai      
national em]g5cy ,n lat] ?an #bgj days  
aft] ! la/ day ( ! ,,covid-#ai em]g5cy  
p]iod1 ! ,secret>ies conc]n$ %all jo9tly
 c>ry out a program "u :i* a qualifi$   
borr[]1 ) respect to ! cov]$ loans &    
private education ( loans ( su* qualifi$
 borr[]1 %all receive 9 accordance )    

subsection 7c7 an am\nt equal to ! less]
 ( ! foll[+3 7#a7 ,! total am\nt ( ea*  
cov]$ loan & ea* private education loan 
( ! borr[]2 or  7#b7 #aj1jjj4  7b7      
,notification ( borr[]s ,n lat] ?an #bgj
 days aft] ! la/ day ( ! ,,covid-#ai    
em]g5cy p]iod1 ! ,secret>ies conc]n$    
%all notify ea* qualifi$ borr[] (-- 7#a7
 ! requirem5ts to provide loan relief to
 su* borr[] "u ?is section2 &  7#b7 !   
opportunity = su* borr[] to make an     
election "u subsection 7c77#a7 ) respect
 to ! application ( su* loan relief to !
 cov]$ loans & private education loans (
 su* borr[]4  7c7 ,di/ribution ( fund+  
7#a7 ,election by borr[] ,n lat] ?an #de
 days aft] a notice is s5t "u subsection
 7b71 a qualifi$ borr[] may elect to    
apply ! am\nt det]m9$ ) respect to su*  
borr[] "u subsection 7a7 to-- 7,a7 any  
cov]$ loan ( ! borr[]2  7,b7 any private
 education loan ( ! borr[]2 &  7,c7 any 
comb9ation ( ! loans describ$ 9         
subp>agraphs 7,a7 & 7,b74  7#b7         
,automatic paym5t  7,a7 ,9 g5]al ,9 !   

case ( a qualifi$ borr[] :o does n make 
an election "u p>agraph 7#a7 be=e ! date
 describ$ 9 su* p>agraph1 ! ,secret>ies 
conc]n$ %all apply ! am\nt det]m9$ )    
respect to su* borr[] "u subsection 7a7 
9 ord] ( ! cov]$ loan or private        
education loan ( ! qualifi$ borr[] ) !  
highe/ int]e/ rate4  7,b7 ,equal int]e/ 
rates ,9 case ( two or m cov]$ loans or 
private education loans describ$ 9      
subp>agraph 7,a7 ) equal int]e/ rates1 !
 ,secret>ies conc]n$ %all apply ! am\nt 
det]m9$ ) respect to su* borr[] "u      
subsection 7a7 fir/ to ! loan ) ! highe/
 pr9cipal4  7d7 ,data ,to implem5t  7#a7
 ,secret>y ( education ,contractors ( ! 
,secret>y ( ,education & l5d]s & gu>anty
 ag5cies hold+ loans made1 insur$1 or   
gu>ante$ "u "p ,b %all report1 to !     
satisfaction ( ! ,secret>y ( ,education1
 ! in=mation necess>y to calculate !    
am\nt to be appli$ "u subsection 7a74   
7#b7 ,secret>y ( treasury ,hold]s &     
s]vic]s ( private education loans %all  
report1 to ! satisfaction ( ! ,secret>y 

( ! ,treasury1 ! in=mation necess>y to  
calculate ! am\nt to be appli$ "u       
subsection 7a74  7e7 ,memor&um ( und]/&+
 ,! ,secret>ies conc]n$ %all ent] into a
 memor&um ( und]/&+ to c>ry out ?is     
section4  7f7 ,def9itions ,9 ?is        
section3 7#a7 ,cov]$ loan ,! t]m cov]$  
loan means-- 7,a7 a loan made1 insur$1  
or gu>ante$ "u "p ,b ( title ,,iv ( !   
,high] ,education ,act ( #aife 7#bj     
,u4,s4,c4 #ajga et seq472  7,b7 a loan  
made "u "p ,d ( title ,,iv ( ! ,high]   
,education ,act ( #aife 7#bj ,u4,s4,c4  
#ajhg;a et seq472 &  7,c7 a ,f$]al      
,p]k9s ,loan made pursuant to "p ,e (   
title ,,iv ( ! ,high] ,education ,act ( 
#aife 7#bj ,u4,s4,c4 #ajhg;aa et seq474 
7#b7 ,,covid-#ai em]g5cy p]iod ,=       
purposes ( ?is ,act1 ! t]m ,,covid-#ai  
em]g5cy p]iod means ! p]iod t beg9s ^u !
 date ( ! enactm5t ( ?is ,act & ends ^u 
! date ( ! t]m9ation by ! ,f$]al        
,em]g5cy ,managem5t ,adm9i/ration ( !   
em]g5cy decl>$ on ,m>* #ac1 #bjbj1 by ! 
,presid5t "u ! ,rob]t ,t4 ,/af=d ,disa/]

 ,relief & ,em]g5cy ,assi/ance ,act 7#db
 ,u4,s4,c4 #daba et seq47 relat+ to !   
,coronavirus ,disease #bjai             
7,,covid-#ai7 p&emic4  7#c7 ,private    
education loan ,! t]m private education 
loan has ! mean+ giv5 ! t]m 9 section   
#adj ( ! ,tru? 9 ,l5d+ ,act 7#ae        
,u4,s4,c4 #afej74  7#d7 ,qualifi$ borr[]
 ,! t]m qualifi$ borr[] means a borr[] (
 a cov]$ loan or a private education    
loan4  7#e7 ,secret>ies conc]n$ ,! t]m  
,secret>ies conc]n$ means-- 7,a7 !      
,secret>y ( ,education1 ) respect to    
cov]$ loans & borr[]s ( su* cov]$ loans2
 &  7,b7 ! ,secret>y ( ! ,treasury1 )   
respect to private education loans &    
borr[]s ( su* private education loans4  
#e4 ,income %>e agreem5ts  7a7 ,9 g5]al 
,an individual :o ent]$ into an income  
%>e agreem5t to pay = education exp5ses 
( ! individual %all n be requir$ to make
 paym5ts "u su* income %>e agreem5t = ! 
duration ( ! ,,covid-#ai em]g5cy p]iod &
 ! #f-mon? p]iod imm$iately foll[+4  7b7
 ,,covid-#ai em]g5cy p]iod ,9 ?is       

section1 ! t]m ,,covid-#ai em]g5cy p]iod
 means ! p]iod t beg9s ^u ! date ( !    
enactm5t ( ?is ,act & ends ^u ! date ( !
 t]m9ation by ! ,f$]al ,em]g5cy         
,managem5t ,adm9i/ration ( ! em]g5cy    
decl>$ on ,m>* #ac1 #bjbj1 by !         
,presid5t "u ! ,rob]t ,t4 ,/af=d ,disa/]
 ,relief & ,em]g5cy ,assi/ance ,act 7#db
 ,u4,s4,c4 #daba et seq47 relat+ to !   
,coronavirus ,disease #bjai             
7,,covid-#ai7 p&emic4  #f4 ,exclusion f 
gross income  7a7 ,9 g5]al ,"p ,,iii (  
sub*apt] ,b ( *apt] #a ( ! ,int]nal     
,rev5ue ,code ( #aihf is am5d$ by ins]t+
 aft] section #aci;,h ! foll[+ new      
section3  #aci;,i4 ,/ud5t loan paym5ts  
result+ f ! ,,covid-#ai national em]g5cy
 ,gross income %all n include any paym5t
 made on behalf ( ! taxpay] "u section  
#dic;,e7b77#a7 ( ! ,high] ,education    
,act ( #aife1 section #adj7;h7 ( ! ,tru?
 9 ,l5d+ ,act1 or section #d ( !        
,em]g5cy ,relief = ,/ud5t ,borr[]s ,act 
( #bjbj4  4  7b7 ,cl]ical am5dm5t ,!    
table ( sections = "p ,,iii ( sub*apt]  

,b ( *apt] #a ( ! ,int]nal ,rev5ue ,code
 ( #aihf is am5d$ by ins]t+ aft] ! item 
relat+ to section #aci;,h ! foll[+ new  
item3  ,sec4 #aci;,i4 ,/ud5t loan       
paym5ts result+ f ! ,,covid-#ai national
 em]g5cy4  4  7c7 ,effective date ,!    
am5dm5ts made by ?is section %all apply 
to taxable ye>s beg9n+ aft] ,decemb]    
#ca1 #bjai4