3.0.0 4590 2022-11-01T13:49:44Z 2022-11-01T13:49:44Z House HR 2019-10-01 116 [Congressional Record Volume 165, Number 158 (Tuesday, October 1, 2019)][House]From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]By Mr. DANNY K. DAVIS of Illinois:H.R. 4590.Congress has the power to enact this legislation pursuantto the following:Article I of the Constitution and its subsequent amendmentsand further clarified and interpreted by the Supreme Court ofthe United States.[Page H8089]]]> hsed00 Education and the Workforce Committee House Standing Referred to 2019-10-01T13:01:10Z 2019-10-01 Referred to the House Committee on Education and Labor. IntroReferral H11100 2 House floor actions hsed00 Education and the Workforce Committee 2019-10-01 Introduced in House IntroReferral Intro-H 9 Library of Congress 2019-10-01 Introduced in House IntroReferral 1000 9 Library of Congress D000096 Rep. Davis, Danny K. [D-IL-7] DANNY DAVIS D IL K. 7 N C001117 Rep. Casten, Sean [D-IL-6] Sean Casten D IL 6 2019-10-01 True S001209 Rep. Spanberger, Abigail Davis [D-VA-7] Abigail Spanberger D VA Davis 7 2019-10-01 True Education Government lending and loan guarantees Higher education Interest, dividends, interest rates Student aid and college costs Education 00 2019-10-01 Introduced in House 2020-05-26T17:46:16Z End Capitalization for Struggling Borrowers Act

This bill prohibits the capitalization of interest on a student loan balance after forbearance or certain deferment periods. Capitalization occurs when the interest accrued on a student loan during a period of deferment or forbearance is added to the principal amount of the loan at the expiration of such period.

]]> End Capitalization for Struggling Borrowers Act Display Title End Capitalization for Struggling Borrowers Act Official Title as Introduced To amend the Higher Education Act of 1965 to terminate capitalization of interest after forbearance and certain deferment periods. Introduced in House IH Short Title(s) as Introduced End Capitalization for Struggling Borrowers Act Introduced in House IH Introduced in House 2019-10-01T04:00:00Z https://www.govinfo.gov/content/pkg/BILLS-116hr4590ih/xml/BILLS-116hr4590ih.xml 2019-10-01 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.