Eliminating the Hidden Student Loan Tax Act
Latest action · Sep 26, 2017 Referred to the House Committee on Education and the Workforce.
Progress
Where this bill reached, and when. A stage with no date was not reached; one that failed a vote and later carried shows the date it carried.
- IntroducedSep 26, 2017
- Passed HouseNot reached
- Passed SenateNot reached
- To the PresidentNot reached
- Became lawNot reached
Summary
Eliminating the Hidden Student Loan Tax Act
This bill amends the Higher Education Act of 1965 to repeal the authority of the Department of Education (ED) to charge an origination fee on future loans under the William D. Ford Federal Direct Loan program. Specifically, the bill repeals ED's authority to charge an origination fee on a direct loan first disbursed, or, in the case of a direct consolidation loan, for which an application is received, on or after July 1, 2017. (Origination fees are the fees lenders charge for processing new loan applications.)
Cosponsors 1
Members who signed on, in the order they did. All signed on Jan 3, 2018.
| Seat | Cosponsor | Signed on | |
|---|---|---|---|
| R-IN | Luke Messer | Jan 3, 2018 |
Actions 2
Everything that happened, newest first.
- Sep 26, 2017Introduced in House
- Sep 26, 2017Referred to the House Committee on Education and the Workforce.
Related bills 2
Companion bills and other measures the record links to this one.
| Bill | Title | Relationship | Latest action |
|---|---|---|---|
| HR 3346 | Student Opportunity Act | Related bill | Jul 20, 2017 |
| HR 4001 | Student Loan Refinancing and Recalculation Act | Related bill | Oct 10, 2017 |
Subjects
Assigned by the Library of Congress. Policy area: Education.
Text 1
Each version as it was printed, newest first.
- Sep 26, 2017Introduced in House
Everything here is as published by Congress: the summary is the Congressional Research Service's, the action wording is the clerks', and the subjects are the Library of Congress's. How far it got is read from the actions themselves, taking the most recent one of each kind, so a bill that failed a vote and later passed is shown as having passed. Records come from this bill on Congress.gov and govinfo.gov.