H.R. 6363 · 116th Congress
Student Debt Emergency Relief 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.
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PressleySponsor23 cosponsors · 23 D
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Castor
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Clarke
AC
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Carson
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Deutch
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Grijalva
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García
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Lee
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Nadler
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Norton
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Napolitano
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Ocasio-Cortez
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Omar
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Pocan
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Rush
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Richmond
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Schakowsky
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Tlaib
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Velázquez
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Welch
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Kirkpatrick
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Beatty
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Kennedy
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Jayapal19 signed on when it was introduced; the rest joined later. Cosponsors who withdrew aren't shown.
This bill establishes and provides funds for federal student loan repayment assistance programs during a national emergency, including the public health emergency caused by the coronavirus (i.e., the virus that causes COVID-19).
What it does: CRS summary · Introduced in House · Mar 23, 2020
Student Debt Emergency Relief Act
This bill establishes and provides funds for federal student loan repayment assistance programs during a national emergency, including the public health emergency caused by the coronavirus (i.e., the virus that causes COVID-19).
Specifically, the bill requires the Department of Education (ED) to make monthly payments for borrowers of Federal Direct Loans, Federal Family Education Loans, and Perkins Loans during a national emergency. ED must also pay any interest on such loans during the emergency.
Additionally, ED must
- deem each month for which ED made a payment on behalf of the borrower as a qualifying payment for the purpose of certain loan forgiveness programs or loan rehabilitation programs;
- ensure that any payment on such a loan is treated as a regularly scheduled payment made by a borrower for the purpose of reporting information about the loan to a consumer reporting agency;
- notify borrowers, within 15 days and monthly thereafter, of the benefits provided by ED during the national emergency; and
- suspend all involuntary collections related to such loans, including wage garnishments, reductions of tax refunds, and reductions of certain federal benefit payments, such as Social Security.
ED must (1) make monthly payments until authorized by Congress to terminate the program, (2) carry out a 90-day transition period, and (3) apply a minimum amount of payments to loans for each borrower.
Payments made by ED as a result of a national emergency shall be excluded from the taxpayer's gross income.
Interest shall not be capitalized during or after the national emergency.
Written by the nonpartisan Congressional Research Service. All summary versions on Congress.gov
About this bill and sources
Official title: Student Debt Emergency Relief Act
Latest action (Mar 23, 2020): Referred to the Committee on Education and Labor, and in addition to the Committee on Ways and Means, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.
Policy area: Education · Origin: House · Introduced: Mar 23, 2020
Official page on Congress.gov · Bill text (GovInfo) · Status record (XML)
No recorded floor vote found.