US Congress House Bill 3353 (Prior Session Legislation)

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Spectrum: Strong Partisan Bill (Democrat 16-1)
Status: Introduced on June 19 2019 - 25% progression, died in committee
Action: 2019-06-19 - Referred to the House Committee on Education and Labor.
Pending: House Education and Labor Committee
Text: Latest bill text (Introduced) [PDF]

Modifies requirements concerning the applicable terms and conditions of Federal Direct PLUS Loans made by parent borrowers (i.e., parent PLUS loans) on behalf of their dependent college students. Specifically, it reduces the interest rate and eliminates the origination fee for a parent PLUS loan disbursed on or after July 1, 2019. The Department of Education must ensure, prior to disbursement, that parent PLUS loan borrowers receive counseling that includes comprehensive information on the terms and conditions of the loans and the responsibilities of the borrowers. The bill makes parent PLUS loans eligible for the income-contingent and income-based repayment plans. Additionally, it makes consolidation loans that repay parent PLUS loans eligible for the income-based repayment plans.

Parent PLUS Loan Improvement Act of 2019

Rep. Marcia Fudge [D-OH]	Rep. Emanuel Cleaver [D-MO]	Rep. G. Butterfield [D-NC]	Rep. Bonnie Coleman [D-NJ]
Rep. James Clyburn [D-SC]	Rep. Robin Kelly [D-IL]	Rep. Cedric Richmond [D-LA]	Rep. Yvette Clarke [D-NY]
Rep. Al Lawson [D-FL]	Rep. Donald Payne [D-NJ]	Rep. Stacey Plaskett [D-VI]	Rep. Bennie Thompson [D-MS]
Rep. Al Green [D-TX]	Rep. Frederica Wilson [D-FL]	Rep. Mark Green [R-TN]	Rep. Val Demings [D-FL]
Rep. Albio Sires [D-NJ]

Date	Chamber	Action
2019-06-19	House	Referred to the House Committee on Education and Labor.
2019-06-19	House	Introduced in House

Type	Source
Summary	https://www.congress.gov/bill/116th-congress/house-bill/3353/all-info
Text	https://www.congress.gov/116/bills/hr3353/BILLS-116hr3353ih.pdf