H.R. 4666 · 117th Congress
Public Service Loan Forgiveness Modernization Act
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Never voted on. It didn't reach a floor vote before the 117th Congress ended, so it expired. A bill has to be introduced again to be considered in a new Congress.
D
PanettaSponsor3 cosponsors · 3 D
2 signed on when it was introduced; the rest joined later. Cosponsors who withdrew aren't shown.
This bill revises provisions related to the Public Service Loan Forgiveness (PSLF) program.
What it does: CRS summary · Introduced in House · Jul 22, 2021
Public Service Loan Forgiveness Modernization Act
This bill revises provisions related to the Public Service Loan Forgiveness (PSLF) program.
Specifically, the bill requires the Department of Education (ED) to establish and regularly update a comprehensive database identifying each qualified public service employer and each position offered by such employer that is a public service job. ED must also establish a process whereby an employer may submit a certification that it is a qualified public service employer.
In addition, the bill prohibits ED from requiring a borrower to apply for and be denied loan cancellation pursuant to the PSLF program as a condition of eligibility for loan forgiveness under the Temporary Expanded Public Service Loan Forgiveness program. ED must also develop and make publicly available an online tool for borrowers to learn more about the expanded program, determine their eligibility for forgiveness, and identify any requirements for participation.
Written by the nonpartisan Congressional Research Service. All summary versions on Congress.gov
About this bill and sources
Official title: Public Service Loan Forgiveness Modernization Act
Latest action (Jul 22, 2021): Referred to the House Committee on Education and Labor.
Policy area: Education · Origin: House · Introduced: Jul 22, 2021
Official page on Congress.gov · Bill text (GovInfo) · Status record (XML)
No recorded floor vote found.