Bill116th CongressFiled Oct 1, 2019Education
H.R. 4590
End Capitalization for Struggling Borrowers Act
Bill journey · stage 2 of 5
Under committee review
FiledFiled
CommitteeComm.
PassedFloor
Both ChambersBoth
Became LawLaw
What it doesSummary introduced in house (Oct 1, 2019)
End Capitalization for Struggling Borrowers Act
This bill prohibits the capitalization of interest on a student loan balance after forbearance or certain deferment periods. Capitalization occurs when the interest accrued on a student loan during a period of deferment or forbearance is added to the principal amount of the loan at the expiration of such period.
What just happenedOct 1, 2019
Referred to the House Committee on Education and Labor.
Who’s behind it
Rep. Davis, Danny K. [D-IL-7](D-IL)Sponsor
2 cosponsors2 D
2cosponsors1committees3actions4subjects
- Introduced in HouseOct 1, 2019
- Oct 1, 2019IntroReferralH11100
Referred to the House Committee on Education and Labor.
Education and the Workforce Committee - Oct 1, 2019IntroReferralIntro-H
Introduced in House
- Oct 1, 2019IntroReferral1000
Introduced in House