US HB63 | 2019-2020 | 116th Congress

Status

Spectrum: Partisan Bill (Republican 1-0)
Status: Introduced on January 3 2019 - 25% progression, died in committee
Action: 2019-01-03 - 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.

Tracking Information

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Title

Student Loan Disclosure Modernization Act

Sponsors

Rep. Jim Banks [R-IN]

History

DateChamberAction
2019-01-03HouseReferred to the House Committee on Education and Labor.
2019-01-03HouseIntroduced in House

Same As/Similar To

HB1161 (Same As) 2019-02-13 - 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.

Subjects


US Congress State Sources


Bill Comments

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