Bill > HR4727

This bill seeks to legally formalize Executive Order 14235, which relates to restoring Public Service Loan Forgiveness (PSLF), by giving the executive order the full force and effect of law. The Public Service Loan Forgiveness program is a federal initiative that allows individuals who work in government or non-profit sectors to have their federal student loans forgiven after making 120 qualifying monthly payments while working full-time for an eligible employer. By codifying the executive order, the bill ensures that the provisions of the original order become a permanent part of federal law, providing greater stability and certainty for public service workers seeking loan forgiveness. This legislative action transforms an executive directive, which could potentially be changed by a different administration, into a statutory requirement that would be more difficult to alter without congressional action.

Labor and Employment

https://www.congress.gov/bill/119th-congress/house-bill/4727/all-info