PSLF Payment Completion Fairness Act
Latest action · Apr 27, 2023 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.
- IntroducedApr 27, 2023
- Passed HouseNot reached
- Passed SenateNot reached
- To the PresidentNot reached
- Became lawNot reached
Summary
Public Service Loan Forgiveness Payment Completion Fairness Act or the PSLF Payment Completion Fairness Act
This bill removes the requirement that a borrower must be employed in a public service job at the time of loan forgiveness under the Public Service Loan Forgiveness (PSLF) program.
Under the current PSLF program, the Department of Education must cancel the balance of interest and principal due on a borrower's Federal Direct Loans after the borrower makes 120 monthly loan payments while employed in a public service job and, at the time of loan forgiveness, the borrower is employed in a public service job. This bill removes the requirement that the borrower must be working in a public service job at the time of loan forgiveness.
Cosponsors 30
Members who signed on, in the order they did. Signatures ran from Apr 27, 2023 to Oct 8, 2024; 1 is an original cosponsor, there from the day it was introduced.
| Seat | Cosponsor | Signed on | |
|---|---|---|---|
| R-PA | Brian K. Fitzpatrick | Original | Apr 27, 2023 |
| D-DC | Eleanor Holmes Norton | Sep 13, 2023 | |
| D-NY | Jerrold Nadler | Sep 13, 2023 | |
| D-CO | Joe Neguse | Sep 18, 2023 | |
| D-NY | Yvette D. Clarke | Sep 18, 2023 | |
| D-MD | David J. Trone | Sep 19, 2023 | |
| D-KY | Morgan McGarvey | Sep 26, 2023 | |
| D-IL | Sean Casten | Sep 26, 2023 | |
| D-TX | Colin Z. Allred | Sep 27, 2023 | |
| D-NJ | Josh Gottheimer | Sep 27, 2023 | |
| D-CA | Kevin Mullin | Oct 2, 2023 | |
| D-FL | Maxwell Frost | Oct 2, 2023 | |
| D-NH | Chris Pappas | Oct 17, 2023 | |
| D-PA | Christopher R. Deluzio | Oct 17, 2023 | |
| D-MA | James P. McGovern | Oct 17, 2023 | |
| D-TX | Joaquin Castro | Oct 17, 2023 | |
| D-VA | Jennifer Wexton | Oct 18, 2023 | |
| D-IL | Raja Krishnamoorthi | Oct 18, 2023 | |
| D-NJ | Robert Menendez | Oct 25, 2023 | |
| D-VA | Abigail Davis Spanberger | Nov 1, 2023 | |
| D-NC | Donald G. Davis | Nov 1, 2023 | |
| D-CA | John Garamendi | Nov 1, 2023 | |
| D-CA | Salud O. Carbajal | Nov 1, 2023 | |
| R-NY | Michael Lawler | Nov 30, 2023 | |
| R-OR | Lori Chavez-DeRemer | Dec 6, 2023 | |
| D-WA | Marie Gluesenkamp Perez | Dec 14, 2023 | |
| D-CA | Maxine Waters | Dec 14, 2023 | |
| R-NY | Marcus J. Molinaro | Dec 15, 2023 | |
| D-ME | Chellie Pingree | Jul 22, 2024 | |
| D-IL | Nikki Budzinski | Oct 8, 2024 |
Committees 1
Where it was sent and what each committee and subcommittee did with it, in order.
| Chamber | Committee | What it did |
|---|---|---|
| House | Education and Workforce Committee | Referred Apr 27, 2023 |
Actions 2
Everything that happened, newest first.
- Apr 27, 2023Introduced in House
- Apr 27, 2023Referred to the House Committee on Education and the Workforce.
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. 169, no. 71, April 27, 2023, page H2087.
Related bills 2
Companion bills and other measures the record links to this one.
| Bill | Title | Relationship | Latest action |
|---|---|---|---|
| S 1331 | PSLF Payment Completion Fairness Act | Identical bill | Apr 10, 2024 |
| HR 7465 | PSLF Payment Completion Fairness Act | Reintroduction of | Apr 7, 2022 |
Titles 3
Every title it has carried, official and short, at each stage.
- Official Title as Introduced
- To ensure that borrowers who have performed qualifying public service are eligible for Public Service Loan Forgiveness.
- Short Title(s) as Introduced
- PSLF Payment Completion Fairness Act
- Public Service Loan Forgiveness Payment Completion Fairness Act
Subjects
Assigned by the Library of Congress. Policy area: Education.
Text 1
Each version as it was printed, newest first.
- Apr 27, 2023Introduced 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.
