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]
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.
Title
Student Loan Disclosure Modernization Act
Sponsors
| Rep. Jim Banks [R-IN] |
History
| Date | Chamber | Action |
|---|---|---|
| 2019-01-03 | House | Referred to the House Committee on Education and Labor. |
| 2019-01-03 | House | Introduced 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.
SB2015 (Related) 2019-06-27 - Read twice and referred to the Committee on Health, Education, Labor, and Pensions.
Subjects
Congressional oversight
Education
Higher education
Interest, dividends, interest rates
Student aid and college costs
Education
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/63/all-info |
| Text | https://www.congress.gov/116/bills/hr63/BILLS-116hr63ih.pdf |
