Student Loan Accountability Act
Latest action · Jun 9, 2022 Referred to the Committee on Ways and Means, and in addition to the Committees on Education and Labor, and Energy and Commerce, 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.
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.
- IntroducedJun 9, 2022
- Passed HouseNot reached
- Passed SenateNot reached
- To the PresidentNot reached
- Became lawNot reached
Summary
Student Loan Accountability Act
This bill generally prohibits the Departments of Education, Justice, or the Treasury from taking any action to cancel or forgive the outstanding balances, or portion of balances, of covered loans. Covered loans refer to Federal Family Education Loans, Federal Direct Loans, Federal Perkins Loans, and loans under the Health Education Assistance Loan Program.
The prohibition does not apply to targeted federal student loan forgiveness, cancellation, or repayment programs carried out under the Higher Education Act of 1965.
Additionally, the bill repeals the temporary tax-free treatment of discharged student loan debt. It also prohibits tax return information from being shared for the purpose of administering a student loan cancellation plan.
Cosponsors 17
Members who signed on, in the order they did. Signatures ran from Jun 9, 2022 to Oct 7, 2022; 1 is an original cosponsor, there from the day it was introduced.
| Seat | Cosponsor | Signed on | |
|---|---|---|---|
| R-WI | Mike Gallagher | Original | Jun 9, 2022 |
| R-NE | Adrian Smith | Jun 13, 2022 | |
| R-WV | Carol D. Miller | Jun 15, 2022 | |
| R-NC | Gregory F. Murphy | Jun 15, 2022 | |
| R-TX | Beth Van Duyne | Jun 16, 2022 | |
| R-OH | Brad R. Wenstrup | Jun 16, 2022 | |
| R-IN | Victoria Spartz | Jun 21, 2022 | |
| R-IL | Darin LaHood | Jun 23, 2022 | |
| R-MS | Steven M. Palazzo | Jul 13, 2022 | |
| R-SC | Tom Rice | Jul 18, 2022 | |
| R-TN | David Kustoff | Jul 21, 2022 | |
| R-IN | Jackie Walorski | Jul 26, 2022 | |
| R-FL | Byron Donalds | Aug 16, 2022 | |
| R-GA | Austin Scott | Aug 26, 2022 | |
| R-FL | Vern Buchanan | Aug 26, 2022 | |
| R-AR | Steve Womack | Sep 29, 2022 | |
| R-AZ | Debbie Lesko | Oct 7, 2022 |
Committees 3
Where it was sent and what each committee and subcommittee did with it, in order.
| Chamber | Committee | What it did |
|---|---|---|
| House | Ways and Means Committee | Referred Jun 9, 2022 |
| House | Education and Workforce Committee | Referred Jun 9, 2022 |
| House | Energy and Commerce Committee | Referred Jun 9, 2022 |
Actions 2
Everything that happened, newest first.
- Jun 9, 2022Introduced in House
- Jun 9, 2022Referred to the Committee on Ways and Means, and in addition to the Committees on Education and Labor, and Energy and Commerce, 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.
Research
What has been written about this bill: committee reports, cost estimates, the sponsor’s authority statement, printed hearings and the Congressional Research Service’s work.
Constitutional authority
The sponsor’s statement, as printed in the Congressional Record, vol. 168, no. 99, June 9, 2022, page H5447.
Related bills 5
Companion bills and other measures the record links to this one.
| Bill | Title | Relationship | Latest action |
|---|---|---|---|
| HR 1622 | Student Loan Accountability Act | Reintroduced Bill | Mar 24, 2023 |
| S 4253 | Student Loan Accountability Act | Related bill | May 18, 2022 |
| HR 8076 | Student Loan Accountability Act | Related bill | Jun 15, 2022 |
| HR 8102 | Student Loan Accountability Act | Related bill | Jun 16, 2022 |
| HR 8496 | Fairness for Responsible Borrowers Act | Related bill | Jul 26, 2022 |
Titles 2
Every title it has carried, official and short, at each stage.
- Official Title as Introduced
- To prohibit the mass cancellation of student loans.
- Short Title(s) as Introduced
- Student Loan Accountability Act
Subjects
Assigned by the Library of Congress. Policy area: Education.
Text 1
Each version as it was printed, newest first.
- Jun 9, 2022Introduced 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; cost estimates are the Congressional Budget Office's, and the hearings are the printed hearings GovInfo publishes, which can appear months after the hearing.
