US Congress House Bill 8316 (Prior Session Legislation)

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Spectrum: Partisan Bill (Democrat 1-0)
Status: Introduced on September 18 2020 - 25% progression, died in committee
Action: 2020-09-18 - Referred to the House Committee on Education and Labor.
Pending: House Education and Labor Committee
Text: Latest bill text (Introduced) [PDF]

Requires the Department of Education (ED) to discharge, within 30 days, the federal student loan debt of three categories of borrowers. Specifically, ED must discharge the federal student loan debt of a borrower (1) who is covered by ED findings against an institution of higher education (IHE) for job placement rate misrepresentation; (2) for whom a state attorney general has asserted a right to borrower defense discharge; or (3) who was subject to a misrepresentation made by the IHE related to guaranteed employment or transferability of credits, and who has asserted such misrepresentation in a borrower defense application. ED must reimburse a borrower for amounts paid toward the federal student loan. The bill also requires ED to (1) notify borrowers of loan relief and eligibility for financial aid, and (2) report loan discharge to consumer reporting agencies. Finally, ED must initiate a proceeding to require the IHE whose act or omission resulted in loan discharge to repay ED for such amounts.

Coronavirus E-BD Act of 2020 Coronavirus Emergency Borrower Defense Act of 2020

Rep. Mark Takano [D-CA]

Date	Chamber	Action
2020-09-18	House	Referred to the House Committee on Education and Labor.
2020-09-18	House	Introduced in House

SB3745 (Same As) 2020-05-14 - Read twice and referred to the Committee on Health, Education, Labor, and Pensions.

Type	Source
Summary	https://www.congress.gov/bill/116th-congress/house-bill/8316/all-info
Text	https://www.congress.gov/116/bills/hr8316/BILLS-116hr8316ih.pdf