H.R. 4119 · 115th Congress
Student Loan Disclosure Modernization Act
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Never voted on. It didn't reach a floor vote before the 115th Congress ended, so it expired. A bill has to be introduced again to be considered in a new Congress.
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MesserSponsor14 cosponsors · 1 D, 13 R
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Brooks
EC
D
Cleaver
AF
R
Ferguson
TG
R
Garrett
RH
R
Hultgren
JL
R
Lewis
ES
R
Stefanik
LB
R
Bucshon
JB
R
Banks
DH
R
Hunter
PM
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Mitchell
TR
R
Rokita
DR
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Ross
KY
R
Yoder7 signed on when it was introduced; the rest joined later. Cosponsors who withdrew aren't shown.
This bill amends the Higher Education Act of 1965 to require the student loan disclosure forms under the Federal Family Education Loan Program to include the annual percentage rate applicable to the loan.
What it does: CRS summary · Introduced in House · Oct 25, 2017
Student Loan Disclosure Modernization Act
This bill amends the Higher Education Act of 1965 to require the student loan disclosure forms under the Federal Family Education Loan Program to include the annual percentage rate applicable to the loan.
In addition, the bill requires the student loan disclosure forms under the William D. Form Federal Direct Loan Program to be written in plain language to enable borrowers to understand loan terms, total costs of loans, and estimated monthly repayments. Direct loans may not be issued to borrowers unless they acknowledge in writing that they have read the form.
Written by the nonpartisan Congressional Research Service. All summary versions on Congress.gov
About this bill and sources
Official title: Student Loan Disclosure Modernization Act
Latest action (Oct 25, 2017): Referred to the House Committee on Education and the Workforce.
Policy area: Education · Origin: House · Introduced: Oct 25, 2017
Official page on Congress.gov · Bill text (GovInfo) · Status record (XML)
No recorded floor vote found.