Bill117th CongressFiled Apr 28, 2021Education
H.R. 2874
Student Loan Disclosure Modernization Act
Bill journey · stage 2 of 5
Under committee review
FiledFiled
CommitteeComm.
PassedFloor
Both ChambersBoth
Became LawLaw
What it doesSummary introduced in house (Apr 28, 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 28, 2021
Referred to the House Committee on Education and Labor.
Who’s behind it
Rep. Cleaver, Emanuel [D-MO-5](D-MO)Sponsor
3 cosponsors3 R
3cosponsors1committees3actions1related bills4subjects
- Introduced in HouseApr 28, 2021
- Apr 28, 2021IntroReferralH11100
Referred to the House Committee on Education and Labor.
Education and the Workforce Committee - Apr 28, 2021IntroReferralIntro-H
Introduced in House
- Apr 28, 2021IntroReferral1000
Introduced in House