Student Loan Disclosure Modernization Act
Latest action · Feb 13, 2019 Referred to the House Committee on Education and Labor.
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.
- IntroducedFeb 13, 2019
- Passed HouseNot reached
- Passed SenateNot reached
- To the PresidentNot reached
- Became lawNot reached
Summary
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.
Cosponsors 15
Members who signed on, in the order they did. Signatures ran from Feb 13, 2019 to Dec 10, 2019, with 1 there on the day it was introduced.
| Seat | Cosponsor | Signed on | |
|---|---|---|---|
| R-IN | Jim Banks | Original | Feb 13, 2019 |
| D-NH | Ann M. Kuster | Jun 10, 2019 | |
| D-MS | Bennie G. Thompson | Jun 10, 2019 | |
| D-RI | David N. Cicilline | Jun 10, 2019 | |
| D-WA | Denny Heck | Jun 10, 2019 | |
| D-HI | Ed Case | Jun 10, 2019 | |
| D-PA | Susan Wild | Jun 10, 2019 | |
| R-NC | Ted Budd | Jun 10, 2019 | |
| R-PA | Brian K. Fitzpatrick | Oct 28, 2019 | |
| R-IN | Greg Pence | Oct 29, 2019 | |
| D-TX | Sheila Jackson Lee | Oct 30, 2019 | |
| D-FL | Alcee L. Hastings | Nov 14, 2019 | |
| D-FL | Frederica S. Wilson | Dec 3, 2019 | |
| D-CA | Brad Sherman | Dec 4, 2019 | |
| D-IL | Bradley Scott Schneider | Dec 10, 2019 |
Actions 2
Everything that happened, newest first.
- Feb 13, 2019Introduced in House
- Feb 13, 2019Referred to the House Committee on Education and Labor.
Related bills 2
Companion bills and other measures the record links to this one.
| Bill | Title | Relationship | Latest action |
|---|---|---|---|
| HR 63 | Student Loan Disclosure Modernization Act | Identical bill | Jan 3, 2019 |
| S 2015 | Student Loan Disclosure Modernization Act | Related bill | Jun 27, 2019 |
Subjects
Assigned by the Library of Congress. Policy area: Education.
Text 1
Each version as it was printed, newest first.
- Feb 13, 2019Introduced 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.