3.0.0 4652 2023-01-11T13:32:04Z 2023-01-11T13:32:04Z House HR 2016-02-29 114 [Congressional Record Volume 162, Number 32 (Monday, February 29, 2016)]From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]By Mr. TAKAI:H.R. 4652.Congress has the power to enact this legislation pursuantto the following:Article 1, Section 7 of the United States Constitution[Page H1045]]]> hsed00 Education and the Workforce Committee House Standing hsed13 Higher Education and Workforce Development Subcomittee Referred to 2016-09-19T14:21:05Z Referred to 2016-02-29T17:01:05Z hswm00 Ways and Means Committee House Standing Referred to 2016-02-29T17:01:10Z 2016-09-19 hsed13 Higher Education and Workforce Development Subcomittee 1 House committee actions Referred to the Subcommittee on Higher Education and Workforce Training. Committee 2016-02-29 Referred to the Committee on Education and the Workforce, 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. IntroReferral H11100 2 House floor actions hswm00 Ways and Means Committee 2016-02-29 Referred to the Committee on Education and the Workforce, 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. IntroReferral H11100-A 9 Library of Congress 2016-02-29 Referred to the Committee on Education and the Workforce, 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. IntroReferral H11100 2 House floor actions hsed00 Education and the Workforce Committee 2016-02-29 Introduced in House IntroReferral Intro-H 9 Library of Congress 2016-02-29 Introduced in House IntroReferral 1000 9 Library of Congress T000473 Rep. Takai, Mark [D-HI-1] Mark Takai D HI 1 N C001080 Rep. Chu, Judy [D-CA-27] Judy Chu D CA 27 2016-02-29 True H001034 Rep. Honda, Michael M. [D-CA-17] MICHAEL HONDA D CA M. 17 2016-02-29 True N000147 Del. Norton, Eleanor Holmes [D-DC-At Large] ELEANOR NORTON D DC HOLMES 0 2016-02-29 True B001227 Rep. Brady, Robert A. [D-PA-1] ROBERT BRADY D PA A. 1 2016-02-29 True C001067 Rep. Clarke, Yvette D. [D-NY-9] Yvette Clarke D NY D. 9 2016-02-29 True B001296 Rep. Boyle, Brendan F. [D-PA-13] Brendan Boyle D PA F. 13 2016-02-29 True M001160 Rep. Moore, Gwen [D-WI-4] Gwen Moore D WI 4 2016-02-29 True P000034 Rep. Pallone, Frank, Jr. [D-NJ-6] FRANK PALLONE D NJ 6 2016-02-29 True L000551 Rep. Lee, Barbara [D-CA-13] BARBARA LEE D CA 13 2016-02-29 True L000582 Rep. Lieu, Ted [D-CA-33] Ted Lieu D CA 33 2016-02-29 True W000822 Rep. Watson Coleman, Bonnie [D-NJ-12] Bonnie Watson Coleman D NJ 12 2016-02-29 True N000127 Rep. Nolan, Richard M. [D-MN-8] RICHARD NOLAN D MN 8 2016-02-29 True S001145 Rep. Schakowsky, Janice D. [D-IL-9] JANICE SCHAKOWSKY D IL D. 9 2016-02-29 True R000053 Rep. Rangel, Charles B. [D-NY-13] CHARLES RANGEL D NY B. 13 2016-02-29 True J000032 Rep. Jackson Lee, Sheila [D-TX-18] SHEILA JACKSON LEE D TX 18 2016-02-29 True G000551 Rep. Grijalva, Raúl M. [D-AZ-3] Raúl Grijalva D AZ M. 3 2016-03-01 False T000472 Rep. Takano, Mark [D-CA-41] Mark Takano D CA 41 2016-03-01 False L000560 Rep. Larsen, Rick [D-WA-2] RICK LARSEN D WA 2 2016-03-07 False D000623 Rep. DeSaulnier, Mark [D-CA-11] Mark DeSaulnier D CA 11 2016-04-13 False Education Disability and paralysis Government lending and loan guarantees Higher education Income tax exclusion Interest, dividends, interest rates Student aid and college costs Wages and earnings Education 00 2016-02-29 Introduced in House 2017-02-16T20:26:17Z Clarity in Lending for Education and Repayment Act or the CLEAR Act

This bill amends title IV (Student Assistance) of the Higher Education Act of 1965 to revise federal student loan repayment plan options for new borrowers of Direct Loan (DL) program loans issued on or after July 1, 2016.

Specifically, the bill terminates several existing repayment plan options, including the graduated, extended, income-contingent, and income-based repayment plans. It retains the existing standard repayment plan and establishes a new revised pay-as-you-earn repayment plan that, among other things, caps monthly payments at 10% of discretionary income and sets a 20-year maximum repayment period.

A new borrower of a DL program subsidized Stafford, unsubsidized Stafford, PLUS, or consolidation loan issued on or after July 1, 2016, must enroll in the standard or revised pay-as you earn repayment plan.

The Department of Education must consult with students, family members, institutions of higher education, and other experts to improve the required disclosures with respect to federal Direct Loans.

Finally, the bill amends the Internal Revenue Code to exclude from an individual's gross income the amount of federal student loans discharged due to the death or disability of the student.

]]> Clarity in Lending for Education and Repayment Act Display Title Clarity in Lending for Education and Repayment Act Official Title as Introduced To amend the Higher Education Act of 1965 to codify the Revised Pay As You Earn Repayment plan, and for other purposes. Introduced in House IH Short Titles as Introduced Clarity in Lending for Education and Repayment Act Short Titles as Introduced CLEAR Act Introduced in House 2016-02-29T05:00:00Z https://www.govinfo.gov/content/pkg/BILLS-114hr4652ih/xml/BILLS-114hr4652ih.xml 2016-09-19 Referred to the Subcommittee on Higher Education and Workforce Training. text/xml EN Pursuant to Title 17 Section 105 of the United States Code, this file is not subject to copyright protection and is in the public domain. Congressional Research Service, Library of Congress This file contains bill summaries and statuses for federal legislation. A bill summary describes the most significant provisions of a piece of legislation and details the effects the legislative text may have on current law and federal programs. Bill summaries are authored by the Congressional Research Service (CRS) of the Library of Congress. As stated in Public Law 91-510 (2 USC 166 (d)(6)), one of the duties of CRS is "to prepare summaries and digests of bills and resolutions of a public general nature introduced in the Senate or House of Representatives". For more information, refer to the User Guide that accompanies this file.