US HB3448 | 2019-2020 | 116th Congress
Status
Spectrum: Partisan Bill (Democrat 16-0)
Status: Introduced on June 24 2019 - 25% progression, died in committee
Action: 2019-06-24 - Referred to the Committee on Education and Labor, and in addition to the Committees on Financial Services, and Ways and Means, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.
Pending: House Education and Labor Committee
Text: Latest bill text (Introduced) [PDF]
Status: Introduced on June 24 2019 - 25% progression, died in committee
Action: 2019-06-24 - Referred to the Committee on Education and Labor, and in addition to the Committees on Financial Services, and Ways and Means, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.
Pending: House Education and Labor Committee
Text: Latest bill text (Introduced) [PDF]
Summary
Requires the Department of Education to (1) forgive the outstanding balance of interest and principal due on all Federal Family Education Loans, Federal Direct Loans, and Perkins Loans, including parent loans, consolidation loans, and certain grants treated as loans; and (2) purchase and forgive the outstanding balance of interest and principal due on private student loans.
Title
Student Debt Cancellation Act of 2019
Sponsors
| Rep. Ilhan Omar [D-MN] | Rep. Pramila Jayapal [D-WA] | Rep. Sheila Jackson-Lee [D-TX] | Rep. Rashida Tlaib [D-MI] |
| Rep. Eleanor Norton [D-DC] | Rep. Bennie Thompson [D-MS] | Rep. Barbara Lee [D-CA] | Rep. Jesus Garcia [D-IL] |
| Rep. Alexandria Ocasio-Cortez [D-NY] | Rep. Robin Kelly [D-IL] | Rep. Ro Khanna [D-CA] | Rep. Carolyn Maloney [D-NY] |
| Rep. Karen Bass [D-CA] | Rep. Ayanna Pressley [D-MA] | Rep. Adriano Espaillat [D-NY] | Rep. Alma Adams [D-NC] |
History
| Date | Chamber | Action |
|---|---|---|
| 2019-06-24 | House | Referred to the Committee on Education and Labor, and in addition to the Committees on Financial Services, and Ways and Means, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned. |
| 2019-06-24 | House | Referred to the Committee on Education and Labor, and in addition to the Committees on Financial Services, and Ways and Means, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned. |
| 2019-06-24 | House | Referred to the Committee on Education and Labor, and in addition to the Committees on Financial Services, and Ways and Means, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned. |
| 2019-06-24 | House | Introduced in House |
Same As/Similar To
SB1947 (Related) 2019-06-24 - Read twice and referred to the Committee on Finance.
Subjects
Business records
Education
Education programs funding
Government information and archives
Government lending and loan guarantees
Higher education
Interest, dividends, interest rates
Student aid and college costs
Education
Education programs funding
Government information and archives
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/3448/all-info |
| Text | https://www.congress.gov/116/bills/hr3448/BILLS-116hr3448ih.pdf |
