US HB1161 | 2019-2020 | 116th Congress
Status
Spectrum: Slight Partisan Bill (Democrat 12-4)
Status: Introduced on February 13 2019 - 25% progression, died in committee
Action: 2019-02-13 - Referred to the House Committee on Education and Labor.
Pending: House Education and Labor Committee
Text: Latest bill text (Introduced) [PDF]
Status: Introduced on February 13 2019 - 25% progression, died in committee
Action: 2019-02-13 - Referred to the House Committee on Education and Labor.
Pending: House Education and Labor Committee
Text: Latest bill text (Introduced) [PDF]
Summary
Requires loan disclosure forms for federal student loans to be written in plain language, thus enabling borrowers to understand loan terms, total costs of loans, and estimated monthly repayments. Borrowers must acknowledge in writing that they have read the form before the loans are issued.
Title
Student Loan Disclosure Modernization Act
Sponsors
Rep. Emanuel Cleaver [D-MO] | Rep. Jim Banks [R-IN] | Rep. Susan Wild [D-PA] | Rep. David Cicilline [D-RI] |
Rep. Bennie Thompson [D-MS] | Rep. Denny Heck [D-WA] | Rep. Ann Kuster [D-NH] | Rep. Ed Case [D-HI] |
Sen. Ted Budd [R-NC] | Rep. Brian Fitzpatrick [R-PA] | Rep. Gregory Pence [R-IN] | Rep. Sheila Jackson-Lee [D-TX] |
Rep. Alcee Hastings [D-FL] | Rep. Frederica Wilson [D-FL] | Rep. Brad Sherman [D-CA] | Rep. Bradley Schneider [D-IL] |
History
Date | Chamber | Action |
---|---|---|
2019-02-13 | House | Referred to the House Committee on Education and Labor. |
2019-02-13 | House | Introduced in House |
Same As/Similar To
HB63 (Same As) 2019-01-03 - Referred to the House Committee on Education and Labor.
SB2015 (Related) 2019-06-27 - Read twice and referred to the Committee on Health, Education, Labor, and Pensions.
SB2015 (Related) 2019-06-27 - Read twice and referred to the Committee on Health, Education, Labor, and Pensions.
Subjects
Congressional oversight
Education
Higher education
Interest, dividends, interest rates
Student aid and college costs
Education
Higher education
Interest, dividends, interest rates
Student aid and college costs
US Congress State Sources
Type | Source |
---|---|
Summary | https://www.congress.gov/bill/116th-congress/house-bill/1161/all-info |
Text | https://www.congress.gov/116/bills/hr1161/BILLS-116hr1161ih.pdf |