PRIA Logo™
116-hr-5359116th Congress

DEBT Act of 2019

Sponsored By: Representative Stivers, Steve [R-OH-15]

Unknown

Summary

Decreasing Employees Burdensome Taxes from Student Loans Act of 2019 or the DEBT Act of 2019 This bill amends the Internal Revenue Code, with respect to the tax treatment of student loan payments, to (1) expand the tax exclusion for employer-provided educational assistance programs to include an employer's payment of any qualified education loan incurred by an employee, (2) increase the maximum amount that may be excluded from the gross income of an employee under employer-provided educational assistance programs, and (3) increase the maximum tax deduction and the income limitation for interest on education loans.

Personalized for You

How does this bill affect your finances?

Personalize government policy and PRIA will tell you what this bill means for your household, plus every other piece of legislation we track. PRIA reads each provision against your financial profile to show you exactly what matters to your wallet.

Free to download

Bill Overview

No Economic Impacts Identified for this Bill

Sponsors & CoSponsors

Sponsor

Stivers, Steve [R-OH-15]

OH • R

Cosponsors

  • Rep. Rice, Kathleen M. [D-NY-4]

    NY • D

    Sponsored 12/6/2019

  • Rep. Katko, John [R-NY-24]

    NY • R

    Sponsored 12/6/2019

  • Rep. Spanberger, Abigail Davis [D-VA-7]

    VA • D

    Sponsored 12/6/2019

  • Rep. Horn, Kendra S. [D-OK-5]

    OK • D

    Sponsored 12/6/2019

  • Rep. Gottheimer, Josh [D-NJ-5]

    NJ • D

    Sponsored 10/1/2020

Roll Call Votes

No roll call votes available for this bill.

View on Congress.gov
Back to Legislation