3.0.0 3792 2022-11-01T13:50:34Z 2022-11-01T13:50:34Z House HR 2019-07-17 116 [Congressional Record Volume 165, Number 120 (Wednesday, July 17, 2019)][House]From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]By Ms. KENDRA S. HORN of Oklahoma:H.R. 3792.Congress has the power to enact this legislation pursuantto the following:The Taxing & Spending Clause (Art. I, Sec. 8, cl. 1)The Necessary & Proper Clause (Art. I, Sec. 8, cl. 18)[Page H6000]]]> hsed00 Education and the Workforce Committee House Standing Referred to 2019-07-17T14:03:45Z 2019-07-17 Referred to the House Committee on Education and Labor. IntroReferral H11100 2 House floor actions hsed00 Education and the Workforce Committee 2019-07-17 Introduced in House IntroReferral Intro-H 9 Library of Congress 2019-07-17 Introduced in House IntroReferral 1000 9 Library of Congress H001083 Rep. Horn, Kendra S. [D-OK-5] Kendra Horn D OK S. 5 N A000371 Rep. Aguilar, Pete [D-CA-31] Pete Aguilar D CA 31 2019-10-16 False V000133 Rep. Van Drew, Jefferson [D-NJ-2] Jefferson Van Drew D NJ 2 2019-11-21 False Education Government lending and loan guarantees Higher education Interest, dividends, interest rates Student aid and college costs Education 00 2019-07-17 Introduced in House 2021-02-01T21:50:10Z Guaranteeing Respite After College Ends Act or the GRACE Act

This bill (1) provides for deferment periods (i.e., grace periods) that apply to federal student loan payments, and (2) prohibits interest from accruing on these loans during such deferment periods.

The bill specifies that Federal Direct Stafford Loans and Federal Direct Unsubsidized Stafford Loans first disbursed on or after July 1, 2020, are not subject to repayment of principal or interest accrual while the student borrower is in school or during the six-month grace period after the student borrower leaves school.

Additionally, the bill specifies that Federal Direct PLUS Loans and Federal Direct Consolidation Loans first disbursed on or after July 1, 2020, are not subject to repayment of principal or interest accrual prior to 60 days after loan disbursement.

]]> GRACE Act Display Title GRACE Act Official Title as Introduced To amend the Higher Education Act of 1965 to provide for deferment for Federal loans prior to the beginning of the repayment period. Introduced in House IH Short Title(s) as Introduced GRACE Act Introduced in House IH Short Title(s) as Introduced Guaranteeing Respite After College Ends Act Introduced in House IH Introduced in House 2019-07-17T04:00:00Z https://www.govinfo.gov/content/pkg/BILLS-116hr3792ih/xml/BILLS-116hr3792ih.xml 2019-07-17 Referred to the House Committee on Education and Labor. 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.