US SB2015 | 2019-2020 | 116th Congress
Status
Spectrum: Slight Partisan Bill (Republican 3-1)
Status: Introduced on June 27 2019 - 25% progression, died in committee
Action: 2019-06-27 - Read twice and referred to the Committee on Health, Education, Labor, and Pensions.
Pending: Senate Health, Education, Labor, And Pensions Committee
Text: Latest bill text (Introduced) [PDF]
Status: Introduced on June 27 2019 - 25% progression, died in committee
Action: 2019-06-27 - Read twice and referred to the Committee on Health, Education, Labor, and Pensions.
Pending: Senate Health, Education, Labor, And Pensions 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
Sen. Tim Scott [R-SC] | Sen. Joe Manchin [D-WV] | Sen. Martha McSally [R-AZ] | Sen. Mike Braun [R-IN] |
History
Date | Chamber | Action |
---|---|---|
2019-06-27 | Senate | Read twice and referred to the Committee on Health, Education, Labor, and Pensions. |
Same As/Similar To
HB63 (Related) 2019-01-03 - Referred to the House Committee on Education and Labor.
HB1161 (Related) 2019-02-13 - Referred to the House Committee on Education and Labor.
HB1161 (Related) 2019-02-13 - Referred to the House Committee on Education and Labor.
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/senate-bill/2015/all-info |
Text | https://www.congress.gov/116/bills/s2015/BILLS-116s2015is.pdf |