Bill116th CongressFiled Jan 3, 2019Education
H.R. 63
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 house (Jan 3, 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 happenedJan 3, 2019
Referred to the House Committee on Education and Labor.
Who’s behind it
Rep. Banks, Jim [R-IN-3](R-IN)Sponsor
1committees3actions2related bills4subjects
- Introduced in HouseJan 3, 2019
- Jan 3, 2019IntroReferralH11100
Referred to the House Committee on Education and Labor.
Education and the Workforce Committee - Jan 3, 2019IntroReferralIntro-H
Introduced in House
- Jan 3, 2019IntroReferral1000
Introduced in House