Bill116th CongressFiled Jun 27, 2019Education
S. 2015
Student Loan Disclosure Modernization Act
Bill journey · stage 2 of 5
Under committee review
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CommitteeComm.
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Both ChambersBoth
Became LawLaw
What it doesSummary introduced in senate (Jun 27, 2019)
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.
What just happenedJun 27, 2019
Read twice and referred to the Committee on Health, Education, Labor, and Pensions.
Who’s behind it
Sen. Scott, Tim [R-SC](R-SC)Sponsor
3 cosponsors1 D2 R
3cosponsors1committees2actions2related bills4subjects
- Introduced in SenateJun 27, 2019
- Jun 27, 2019IntroReferral
Read twice and referred to the Committee on Health, Education, Labor, and Pensions.
Health, Education, Labor, and Pensions Committee - Jun 27, 2019IntroReferral10000
Introduced in Senate