H.R. 1161 · 116th Congress
Student Loan Disclosure Modernization Act
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Never voted on. It didn't reach a floor vote before the 116th Congress ended, so it expired. A bill has to be introduced again to be considered in a new Congress.
D
CleaverSponsor15 cosponsors · 11 D, 4 R
R
Banks
TB
R
Budd
EC
D
Case
DC
D
Cicilline
DH
D
Heck
AK
D
Kuster
BT
D
Thompson
SW
D
Wild
BF
R
Fitzpatrick
GP
R
Pence
SJ
D
Jackson Lee
AH
D
Hastings
FW
D
Wilson
BS
D
Sherman
BS
D
Schneider1 signed on when it was introduced; the rest joined later. Cosponsors who withdrew aren't shown.
This bill 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.
What it does: CRS summary · Introduced in House · Feb 13, 2019
Student Loan Disclosure Modernization Act
This bill 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.
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 (Feb 13, 2019): Referred to the House Committee on Education and Labor.
Policy area: Education · Origin: House · Introduced: Feb 13, 2019
Official page on Congress.gov · Bill text (GovInfo) · Status record (XML)
No recorded floor vote found.