US HB4590 | 2019-2020 | 116th Congress
Status
Spectrum: Partisan Bill (Democrat 3-0)
Status: Introduced on October 1 2019 - 25% progression, died in committee
Action: 2019-10-01 - Referred to the House Committee on Education and Labor.
Pending: House Education and Labor Committee
Text: Latest bill text (Introduced) [PDF]
Status: Introduced on October 1 2019 - 25% progression, died in committee
Action: 2019-10-01 - Referred to the House Committee on Education and Labor.
Pending: House Education and Labor Committee
Text: Latest bill text (Introduced) [PDF]
Summary
Prohibits the capitalization of interest on a student loan balance after forbearance or certain deferment periods. Capitalization occurs when the interest accrued on a student loan during a period of deferment or forbearance is added to the principal amount of the loan at the expiration of such period.
Title
End Capitalization for Struggling Borrowers Act
Sponsors
Rep. Danny Davis [D-IL] | Rep. Sean Casten [D-IL] | Rep. Abigail Spanberger [D-VA] |
History
Date | Chamber | Action |
---|---|---|
2019-10-01 | House | Referred to the House Committee on Education and Labor. |
2019-10-01 | House | Introduced in House |
Subjects
Education
Government lending and loan guarantees
Higher education
Interest, dividends, interest rates
Student aid and college costs
Government lending and loan guarantees
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/4590/all-info |
Text | https://www.congress.gov/116/bills/hr4590/BILLS-116hr4590ih.pdf |