summary
Introduced
03/23/2020
03/23/2020
In Committee
03/23/2020
03/23/2020
Crossed Over
Passed
Dead
12/31/2020
12/31/2020
Introduced Session
116th Congress
Bill Summary
A BILL To amend the Higher Education Act of 1965 to halt collection of certain student loans, and for other purposes. 1
AI Summary
This bill, known as the Student Debt Emergency Relief Act, aims to provide financial assistance to student loan borrowers during a national emergency, such as the COVID-19 pandemic. The key provisions include: (1) authorizing the Secretary of Education to make monthly payments on federal student loans (including Direct Loans, FFEL, and Perkins Loans) for the duration of the national emergency; (2) prohibiting the capitalization of interest during this period; (3) ensuring that these payments count towards loan forgiveness programs and rehabilitation; (4) suspending all involuntary collection activities on these loans; and (5) providing a 90-day transition period after the end of the national emergency to allow borrowers to resume normal payment obligations without penalty. Additionally, the bill excludes these loan payments from the borrower's gross income for tax purposes.
Committee Categories
Education
Sponsors (24)
Ayanna Pressley (D)*,
Joyce Beatty (D),
André Carson (D),
Kathy Castor (D),
Yvette Clarke (D),
Theodore Deutch (D),
Chuy García (D),
Raúl Grijalva (D),
Pramila Jayapal (D),
Joseph Kennedy (D),
Ann Kirkpatrick (D),
Barbara Lee (D),
Jerry Nadler (D),
Grace Napolitano (D),
Eleanor Holmes Norton (D),
Alexandria Ocasio-Cortez (D),
Ilhan Omar (D),
Mark Pocan (D),
Cedric Richmond (D),
Bobby Rush (D),
Jan Schakowsky (D),
Rashida Tlaib (D),
Nydia Velázquez (D),
Peter Welch (D),
Last Action
Referred to the Committee on Education and Labor, and in addition to the Committee on Ways and Means, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned. (on 03/23/2020)
Official Document
bill text
bill summary
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bill summary
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bill summary
| Document Type | Source Location |
|---|---|
| State Bill Page | https://www.congress.gov/bill/116th-congress/house-bill/6363/all-info |
| BillText | https://www.congress.gov/116/bills/hr6363/BILLS-116hr6363ih.pdf |
| Bill | https://www.congress.gov/116/bills/hr6363/BILLS-116hr6363ih.pdf.pdf |
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