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Bill > H384


MA H384

Relative to a loan forgiveness task force


summary

Introduced
01/22/2019
In Committee
08/13/2020
Crossed Over
Passed
Dead
12/31/2020

Introduced Session

191st General Court

Bill Summary

Relative to economic impacts of loan forgiveness programs to ensure that college graduates stay, work, and build businesses in the Commonwealth. Economic Development and Emerging Technologies.

AI Summary

This bill establishes a special task force to review and report on the economic impact of loan forgiveness programs in Massachusetts. The task force will consist of 13 members, including lawmakers, government officials, and representatives from the Massachusetts Business Roundtable and the University of Massachusetts. The task force will identify relevant state laws, regulations, and administrative directives, identify key labor sectors that could benefit from grants and fellowships, require reports from the Department of Labor and Workforce Development, and develop recommendations to establish legislative procedures for providing funding, regulating, and granting loan forgiveness to eligible applicants. The task force is required to submit a report, including any proposed legislation and regulations, to the state legislature within 12 months of the bill's passage.

Committee Categories

Business and Industry

Sponsors (12)

Last Action

Discharged to the committee on House Rules (on 08/13/2020)

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