3.0.0 7294 2022-02-08T23:16:51Z 2022-02-08T23:16:51Z House HR 2020-06-22 116 [Congressional Record Volume 166, Number 114 (Monday, June 22, 2020)][House]From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]By Ms. PORTER:H.R. 7294.Congress has the power to enact this legislation pursuantto the following:Article I, Section 8 of the Constitution of the UnitedStates[Page H2414]]]> hswm00 Ways and Means Committee House Standing Referred to 2020-06-22T15:03:05Z hsju00 Judiciary Committee House Standing Referred to 2020-06-22T15:03:00Z hsed00 Education and the Workforce Committee House Standing Referred to 2020-06-22T15:02:50Z 2020-06-22 Referred to the Committee on Education and Labor, and in addition to the Committees on the Judiciary, and 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 2020-06-22 Referred to the Committee on Education and Labor, and in addition to the Committees on the Judiciary, and 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 hsju00 Judiciary Committee 2020-06-22 Referred to the Committee on Education and Labor, and in addition to the Committees on the Judiciary, and 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 2020-06-22 Introduced in House IntroReferral Intro-H 9 Library of Congress 2020-06-22 Introduced in House IntroReferral 1000 9 Library of Congress P000618 Rep. Porter, Katie [D-CA-45] Katie Porter D CA 45 N S001196 Rep. Stefanik, Elise M. [R-NY-21] Elise Stefanik R NY M. 21 2020-06-22 True T000482 Rep. Trahan, Lori [D-MA-3] Lori Trahan D MA 3 2020-06-22 True A000370 Rep. Adams, Alma S. [D-NC-12] Alma Adams D NC S. 12 2020-06-22 True L000590 Rep. Lee, Susie [D-NV-3] Susie Lee D NV 3 2020-06-22 True Education Cardiovascular and respiratory health Debt collection Education programs funding Emergency medical services and trauma care Government information and archives Government lending and loan guarantees Higher education Infectious and parasitic diseases Interest, dividends, interest rates Student aid and college costs Wages and earnings Education 00 2020-06-22 Introduced in House 2021-01-22T17:07:03Z COVID-19 Perkins Loan Relief Act

This bill suspends payments and interest on Federal Perkins Loans through September 30, 2020. (Currently, payments and interest are suspended on certain Federal Direct Loans and Federal Family Education Loans through this period.)

Specifically, the Department of Education (ED) must require holders of Federal Perkins Loans to (1) suspend the accrual of interest on such loans until September 30, 2020, and (2) confirm to ED that no interest has accrued on such loans as of March 13, 2020. ED must make suspended interest payments to holders of such loans on behalf of borrowers.

Further, ED must require institutions of higher education to (1) suspend all payments due from borrowers through September 30, 2020; (2) suspend all involuntary collections; (3) notify borrowers, within 15 days, that their loan payments have been suspended and interest has been waived; and (4) carry out a program, beginning on August 1, 2020, to provide not fewer than six notices to borrowers that normal payment obligations will resume.

Additionally, ED must

  • deem each month for which a loan payment was suspended as if the borrower of the loan had made a payment for the purpose of any authorized loan forgiveness program or loan rehabilitation program,
  • ensure that any suspended payment on such loan is treated as a regularly scheduled payment made by a borrower for the purpose of reporting information about the loan to a consumer reporting agency, and
  • suspend involuntary collections related to such loans.
]]> COVID–19 Perkins Loan Relief Act Display Title COVID–19 Perkins Loan Relief Act Official Title as Introduced To suspend Federal Perkins Loans repayments during the COVID-19 pandemic, and for other purposes. Introduced in House IH Short Title(s) as Introduced COVID–19 Perkins Loan Relief Act Introduced in House IH Introduced in House 2020-06-22T04:00:00Z https://www.govinfo.gov/content/pkg/BILLS-116hr7294ih/xml/BILLS-116hr7294ih.xml 2020-06-22 Referred to the Committee on Education and Labor, and in addition to the Committees on the Judiciary, and 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. 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.