HR 3792 · 116th Congress 2019–2021, ended

GRACE Act

Introduced Jul 17, 2019 Originated House Sponsor Kendra S. Horn D-OK

Fact sheet

Latest action · Jul 17, 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.

  1. IntroducedJul 17, 2019
  2. Passed HouseNot reached
  3. Passed SenateNot reached
  4. To the PresidentNot reached
  5. Became lawNot reached

Summary

Guaranteeing Respite After College Ends Act or the GRACE Act

This bill (1) provides for deferment periods (i.e., grace periods) that apply to federal student loan payments, and (2) prohibits interest from accruing on these loans during such deferment periods.

The bill specifies that Federal Direct Stafford Loans and Federal Direct Unsubsidized Stafford Loans first disbursed on or after July 1, 2020, are not subject to repayment of principal or interest accrual while the student borrower is in school or during the six-month grace period after the student borrower leaves school.

Additionally, the bill specifies that Federal Direct PLUS Loans and Federal Direct Consolidation Loans first disbursed on or after July 1, 2020, are not subject to repayment of principal or interest accrual prior to 60 days after loan disbursement.

Cosponsors 2

Members who signed on, in the order they did. Signatures ran from Oct 16, 2019 to Nov 21, 2019.

SeatCosponsorSigned on
D-CAPete AguilarOct 16, 2019
R-NJJefferson Van DrewNov 21, 2019

Actions 2

Everything that happened, newest first.

  1. Jul 17, 2019Introduced in House
  2. Jul 17, 2019Referred to the House Committee on Education and Labor.

Subjects

Assigned by the Library of Congress. Policy area: Education.

Text 1

Each version as it was printed, newest first.

  1. Jul 17, 2019Introduced in House

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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.