3.0.0 4724 2022-12-31T05:05:00Z 2022-12-31T05:05:01Z House HR 2021-07-27 117 [Congressional Record Volume 167, Number 131 (Tuesday, July 27, 2021)][House]From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]By Mr. SWALWELL:H.R. 4724.Congress has the power to enact this legislation pursuantto the following:Article I, Section 8 of the United States Constitution.[Page H4090]]]> hsed00 Education and the Workforce Committee House Standing Referred to 2021-07-27T14:04:10Z Strengthening Loan Forgiveness for Public Servants Act 117 2478 S 2021-07-27 Read twice and referred to the Committee on Health, Education, Labor, and Pensions. Identical bill CRS 2021-07-27 Referred to the House Committee on Education and Labor. IntroReferral H11100 2 House floor actions hsed00 Education and the Workforce Committee 2021-07-27 Introduced in House IntroReferral Intro-H 9 Library of Congress 2021-07-27 Introduced in House IntroReferral 1000 9 Library of Congress S001193 Rep. Swalwell, Eric [D-CA-15] Eric Swalwell D CA 15 N B001296 Rep. Boyle, Brendan F. [D-PA-2] Brendan Boyle D PA F. 2 2021-07-27 True D000197 Rep. DeGette, Diana [D-CO-1] DIANA DEGETTE D CO 1 2021-07-27 True G000559 Rep. Garamendi, John [D-CA-3] John Garamendi D CA 3 2021-07-27 True H001081 Rep. Hayes, Jahana [D-CT-5] Jahana Hayes D CT 5 2021-07-27 True N000147 Del. Norton, Eleanor Holmes [D-DC-At Large] ELEANOR NORTON D DC HOLMES 0 2021-07-27 True M001196 Rep. Moulton, Seth [D-MA-6] Seth Moulton D MA 6 2021-07-27 True P000597 Rep. Pingree, Chellie [D-ME-1] Chellie Pingree D ME 1 2021-07-27 True R000515 Rep. Rush, Bobby L. [D-IL-1] BOBBY RUSH D IL L. 1 2021-07-27 True D000617 Rep. DelBene, Suzan K. [D-WA-1] Suzan DelBene D WA K. 1 2021-07-29 False Education Education 00 2021-07-27 Introduced in House 2021-08-25T18:49:28Z Strengthening Loan Forgiveness for Public Servants Act

This bill revises the Public Service Loan Forgiveness (PSLF) program to provide for partial loan cancellation based on the length of public service employment.

Specifically, the bill directs the Department of Education (ED) to cancel 15%, 15%, 20%, 20%, and 30% of the amount a borrower owes after 2, 4, 6, 8, and 10 years of public service employment, respectively, on Federal Direct Loans made after the bill's enactment. Under the current PSLF program, ED must cancel the balance of interest and principal due on a borrower's Federal Direct Loans after the borrower makes 120 monthly loan payments while employed in a public service job.

]]> Strengthening Loan Forgiveness for Public Servants Act Official Title as Introduced To amend the Higher Education Act of 1965 to provide for a percentage of student loan forgiveness for public service employment, and for other purposes. Introduced in House IH Display Title Strengthening Loan Forgiveness for Public Servants Act Short Title(s) as Introduced Strengthening Loan Forgiveness for Public Servants Act Introduced in House IH Introduced in House 2021-07-27T04:00:00Z https://www.govinfo.gov/content/pkg/BILLS-117hr4724ih/xml/BILLS-117hr4724ih.xml 2021-07-27 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.