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US HR7424

US HR7424
Selected Reserve Education Loan Repayment Program Enhancement Act


summary

Introduced
06/30/2020
In Committee
06/30/2020
Crossed Over
Passed
Dead
12/31/2020

Introduced Session

116th Congress

Bill Summary

A BILL To amend title 10, United States Code, to increase the amount which may be paid to members of the Selected Reserve under the education loan repayment program, and for other purposes. 1

AI Summary

This bill, the Selected Reserve Education Loan Repayment Program Enhancement Act, aims to amend Title 10 of the United States Code to increase the maximum amount that can be paid to members of the Selected Reserve under the education loan repayment program. Specifically, the bill raises the maximum repayment amount from 15% or $500 to 20% or $1,000, and the changes will apply to eligible years of service completed on or after the date of the bill's enactment.

Committee Categories

Military Affairs and Security

Sponsors (3)

Last Action

Referred to the House Committee on Armed Services. (on 06/30/2020)

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