US Congress House Bill 4670 (Prior Session Legislation)

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Spectrum: Partisan Bill (Democrat 4-0)
Status: Introduced on October 11 2019 - 25% progression, died in committee
Action: 2019-10-11 - Referred to the House Committee on Education and Labor.
Pending: House Education and Labor Committee
Text: Latest bill text (Introduced) [PDF]

Phases out existing repayment plans for federal student loans and replaces them with one fixed repayment plan and one income-based repayment plan. Under current law, a borrower may choose among eight plans for student loan repayment, such as standard repayment, extended repayment, and income-contingent repayment. The Department of Education must offer all borrowers a choice between the two new plans and allow borrowers of loans made prior to a date certain the option of continuing repayment under their original plan or electing to repay under one of the new plans.

Simplifying Student Loans Act

Rep. Susan Wild [D-PA]

Rep. Jahana Hayes [D-CT]

Rep. Lucille Roybal-Allard [D-CA]

Rep. Darren Soto [D-FL]

Date	Chamber	Action
2019-10-11	House	Referred to the House Committee on Education and Labor.
2019-10-11	House	Introduced in House

HB4674 (Related) 2020-12-28 - Placed on the Union Calendar, Calendar No. 583.

Type	Source
Summary	https://www.congress.gov/bill/116th-congress/house-bill/4670/all-info
Text	https://www.congress.gov/116/bills/hr4670/BILLS-116hr4670ih.pdf