3.0.0 4119 2023-01-11T13:38:23Z 2023-01-11T13:38:23Z House HR 2017-10-25 115 [Congressional Record Volume 163, Number 172 (Wednesday, October 25, 2017)]From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]By Mr. MESSER:H.R. 4119.Congress has the power to enact this legislation pursuantto the following:Clause 1 and Clause 3 of Section 8 of Article I of theConstitution.[Page H8225]]]> hsed00 Education and the Workforce Committee House Standing Referred to 2017-10-25T14:01:15Z 2017-10-25 Referred to the House Committee on Education and the Workforce. IntroReferral H11100 2 House floor actions hsed00 Education and the Workforce Committee 2017-10-25 Introduced in House IntroReferral Intro-H 9 Library of Congress 2017-10-25 Introduced in House IntroReferral 1000 9 Library of Congress M001189 Rep. Messer, Luke [R-IN-6] Luke Messer R IN 6 N C001061 Rep. Cleaver, Emanuel [D-MO-5] Emanuel Cleaver D MO 5 2017-10-25 True H001059 Rep. Hultgren, Randy [R-IL-14] Randy Hultgren R IL 14 2017-10-25 True F000465 Rep. Ferguson, A. Drew, IV [R-GA-3] A. Ferguson R GA Drew 3 2017-10-25 True G000580 Rep. Garrett, Thomas A., Jr. [R-VA-5] Thomas Garrett R VA A. 5 2017-10-25 True B001284 Rep. Brooks, Susan W. [R-IN-5] Susan Brooks R IN W. 5 2017-10-25 True L000587 Rep. Lewis, Jason [R-MN-2] Jason Lewis R MN 2 2017-10-25 True S001196 Rep. Stefanik, Elise M. [R-NY-21] Elise Stefanik R NY M. 21 2017-10-25 True M001201 Rep. Mitchell, Paul [R-MI-10] Paul Mitchell R MI 10 2017-10-31 False R000593 Rep. Ross, Dennis A. [R-FL-15] Dennis Ross R FL A. 15 2017-10-31 False H001048 Rep. Hunter, Duncan D. [R-CA-50] Duncan Hunter R CA D. 50 2017-10-31 False B001299 Rep. Banks, Jim [R-IN-3] Jim Banks R IN 3 2017-10-31 False B001275 Rep. Bucshon, Larry [R-IN-8] Larry Bucshon R IN 8 2017-10-31 False R000592 Rep. Rokita, Todd [R-IN-4] Todd Rokita R IN 4 2017-10-31 False Y000063 Rep. Yoder, Kevin [R-KS-3] Kevin Yoder R KS 3 2018-03-20 False Education Congressional oversight Higher education Interest, dividends, interest rates Student aid and college costs Education 00 2017-10-25 Introduced in House 2019-07-25T15:46:43Z Student Loan Disclosure Modernization Act

This bill amends the Higher Education Act of 1965 to require the student loan disclosure forms under the Federal Family Education Loan Program to include the annual percentage rate applicable to the loan.

In addition, the bill requires the student loan disclosure forms under the William D. Form Federal Direct Loan Program to be written in plain language to enable borrowers to understand loan terms, total costs of loans, and estimated monthly repayments. Direct loans may not be issued to borrowers unless they acknowledge in writing that they have read the form.

]]> Student Loan Disclosure Modernization Act Display Title Student Loan Disclosure Modernization Act Short Titles as Introduced Student Loan Disclosure Modernization Act Official Title as Introduced To amend the Higher Education Act of 1965 to direct the Secretary of Education to develop a plain language disclosure form for borrowers of Federal student loans, and for other purposes. Introduced in House 2017-10-25T04:00:00Z https://www.govinfo.gov/content/pkg/BILLS-115hr4119ih/xml/BILLS-115hr4119ih.xml 2017-10-25 Referred to the House Committee on Education and the Workforce. 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.