# 116-hr-7114: Economic and Student Loan Debt Relief Act of 2020

116-hr-7114, Economic and Student Loan Debt Relief Act of 2020, is a 116th Congress bill sponsored by Rep. Stivers, Steve [R-OH-15] (R-OH); status Referred to the Committee on Education and Labor, and in addition to the Committee on Ways and Means, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned. (as of 2025-11-18).

- Canonical: https://policyrisk.com/legislation/116-hr-7114
- As of: 2025-11-18
- Plain-text twin of the page above; the HTML and this file carry the same facts.

## Facts
- Bill: 116-hr-7114
- Congress: 116
- Title: Economic and Student Loan Debt Relief Act of 2020
- Status: Referred to the Committee on Education and Labor, and in addition to the Committee on Ways and Means, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.
- Introduced: 2020-06-04
- Sponsor: Rep. Stivers, Steve [R-OH-15] (R-OH)
- Cosponsors: 2
- Policy area: Education
- Touches household money: no
- Last recorded action: 2025-11-18

## Summary

Economic and Student Loan Debt Relief Act of 2020 This bill extends the suspension of payments on student loans held by the Department of Education (ED). It also generally allows for an exclusion from taxable income of employer payments of student loans. Specifically, the bill requires ED to suspend all payments due on Federal Direct Loans and Federal Family Education Loans held by ED through December 31, 2020. (Currently, this suspension period ends on September 30, 2020). Normal payment obligations and interest accrual resume at the end of this period. Additionally, ED must carry out a program, beginning on November 1, 2020, to provide at least six notices to borrowers that normal payment obligations will resume. (Currently, this program begins on August 1, 2020.) The bill also generally provides a permanent exclusion from employee income, for income tax purposes, of employer payments of student loans. (Currently, this exclusion from income is only for payments of student loans made before January 1, 2021.)

## Cosponsors (2)

- Rep. Rice, Kathleen M. [D-NY-4] (D-NY), 2020-06-04T00:00:00.000Z
- Rep. Gottheimer, Josh [D-NJ-5] (D-NJ), 2020-10-01T00:00:00.000Z

## Related bills

- 116-hr-8662: Accelerating Access to Critical Therapies for ALS Act
- 116-hr-7642: Coronavirus Economic Relief for Transportation Services Act
- 116-hr-7292: The COVID-19 Hospital and Health Provider Loan Forgiveness Act of 2020
- 116-hr-7197: RESTAURANTS Act of 2020
- 116-hr-7092: Great American Outdoors Act
- 116-hr-6829: EMPIL–DOC Act

## Sources
- [116-hr-7114 on Congress.gov](https://www.congress.gov/bill/116th-congress/house-bill/7114)

## Related
- [116-hr-8662: Accelerating Access to Critical Therapies for ALS Act](https://policyrisk.com/legislation/116-hr-8662)
- [116-hr-7642: Coronavirus Economic Relief for Transportation Services Act](https://policyrisk.com/legislation/116-hr-7642)
- [116-hr-7292: The COVID-19 Hospital and Health Provider Loan Forgiveness Act of 2020](https://policyrisk.com/legislation/116-hr-7292)
- [116-hr-7197: RESTAURANTS Act of 2020](https://policyrisk.com/legislation/116-hr-7197)
- [116-hr-7092: Great American Outdoors Act](https://policyrisk.com/legislation/116-hr-7092)
- [116-hr-6829: EMPIL–DOC Act](https://policyrisk.com/legislation/116-hr-6829)
- [All bills in Congress](https://policyrisk.com/legislation)

Source: PRIA, https://policyrisk.com/legislation/116-hr-7114 (as of 2025-11-18).