Bill117th CongressFiled Apr 29, 2021Education
S. 1464
Student Loan Disclosure Modernization Act
Bill journey · stage 2 of 5
Under committee review
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What it doesSummary introduced in senate (Apr 29, 2021)
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 happenedApr 29, 2021
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
1 cosponsor1 D
1cosponsors1committees2actions1related bills4subjects
- Introduced in SenateApr 29, 2021
- Apr 29, 2021IntroReferral
Read twice and referred to the Committee on Health, Education, Labor, and Pensions.
Health, Education, Labor, and Pensions Committee - Apr 29, 2021IntroReferral10000
Introduced in Senate