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H. Rept. 116-682,Part 1 1 (2020-12-21)

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INFORMATION
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                     116TH CONGRESS                                      [REPT. 116-682
                        2d Session     HOUSE   OF  REPRESENTATIVES            Part 1







                        PRIVATE LOAN DISABILITY DISCHARGE ACT OF 2019




                     DECEMBER 21, 2020.-Committed to the Committee of the Whole House on the State
                                       of the Union and ordered to be printed




                          Ms.  WATERS,  from  the Committee  on Financial  Services,
                                           submitted  the following



                                              R  E   P  O  R  T


                                                together with


                                             MINORITY VIEWS

                                             [To accompany H.R. 4545]

                               [Including cost estimate of the Congressional Budget Office]

                       The  Committee  on  Financial Services, to whom  was  referred the
                     bill (H.R. 4545) to provide for the discharge of a private education
                     loan in the case of death or total and permanent  disability of a stu-
                     dent obligor, and for other purposes,  having  considered the  same,
                     reports favorably  thereon  with  an  amendment and recommends
                     that the bill as amended do pass.

                                                  CONTENTS

                                                                                      Page
                     Purpose and Sum m ary  ............................................................................................  2
                     Background and Need for Legislation  ....................................................................  3
                     Section-by-Section  Analysis  ...................................................................................  3
                     Hearings ................................................................................................................... 4
                     Com m ittee  Consideration  ........................................................................................  4
                     Committee Votes ...................................................................................................... 4
                     Statement of Oversight Findings and Recommendations of the Committee ......         7
                     Statement of Performance Goals and Objectives ..................................................  7
                     New Budget Authority and CBO Cost Estimate ...................................................  7
                     Com m ittee  Cost  Estim ate  .......................................................................................  9
                     Unfunded M andate Statem ent  ...............................................................................  10
                     Advisory Committee ................................................................................................ 10
                     Application of Law to the Legislative Branch ....................................................... 10
                     Earmark Statement ................................................................................................. 10
                     Duplication of Federal Program s  ............................................................................  10
                     Changes to Existing  Law  ........................................................................................  10
                     Minority Views ......................................................................................................... 29
                        19-006

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