3.0.0
1371
2025-07-21T19:44:15Z
2025-07-21T19:44:15Z
House
H
HR
2023-03-03
118
[Congressional Record Volume 169, Number 41 (Friday, March 3, 2023)][House]From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]By Ms. SPANBERGER:H.R. 1371.Congress has the power to enact this legislation pursuantto the following:Article I Section 8The single subject of this legislation is:This bill requires lenders disbursing federal student loansto disclose additional information to borrowers and increasethe frequency of such disclosures.[Page H1115]
- hsed00
Education and Workforce Committee
House
Standing
  - Referred To
2023-03-03T14:04:45Z
- 2023-03-03
Referred to the House Committee on Education and the Workforce.
IntroReferral
H11100
2
House floor actions
  - hsed00
Education and Workforce Committee
- 2023-03-03
Introduced in House
IntroReferral
Intro-H
9
Library of Congress
- 2023-03-03
Introduced in House
IntroReferral
1000
9
Library of Congress
- S001209
Rep. Spanberger, Abigail Davis [D-VA-7]
Abigail
Spanberger
D
VA
Davis
7
N
- W000823
Rep. Waltz, Michael [R-FL-6]
Michael
Waltz
R
FL
6
2023-03-03
True
- C001135
Rep. Chavez-DeRemer, Lori [R-OR-5]
Lori
Chavez-DeRemer
R
OR
5
2023-03-03
True
- J000292
Rep. Johnson, Bill [R-OH-6]
Bill
Johnson
R
OH
6
2023-03-03
True
- S001216
Rep. Schrier, Kim [D-WA-8]
Kim
Schrier
D
WA
8
2023-03-03
True
- S001211
Rep. Stanton, Greg [D-AZ-4]
Greg
Stanton
D
AZ
4
2023-03-03
True
- R000609
Rep. Rutherford, John H. [R-FL-5]
John
Rutherford
R
FL
H.
5
2023-04-03
False
- G000582
Rescom. González-Colón, Jenniffer [R-PR-At Large]
Jenniffer
Gonzalez-Colon
R
PR
0
2023-04-03
False
- S001199
Rep. Smucker, Lloyd [R-PA-11]
Lloyd
Smucker
R
PA
11
2023-05-02
False
- J000307
Rep. James, John [R-MI-10]
John
James
R
MI
10
2023-06-16
False
- C001119
Rep. Craig, Angie [D-MN-2]
Angie
Craig
D
MN
2
2023-06-16
False
- N000147
Del. Norton, Eleanor Holmes [D-DC-At Large]
ELEANOR
NORTON
D
DC
HOLMES
0
2023-06-16
False
- D000600
Rep. Diaz-Balart, Mario [R-FL-26]
Mario
Diaz-Balart
R
FL
26
2023-06-16
False
- S001208
Rep. Slotkin, Elissa [D-MI-7]
Elissa
Slotkin
D
MI
7
2023-06-22
False
- G000583
Rep. Gottheimer, Josh [D-NJ-5]
Josh
Gottheimer
D
NJ
5
2023-06-27
False
- N000193
Rep. Nunn, Zachary [R-IA-3]
Zachary
Nunn
R
IA
3
2023-08-11
False
- F000466
Rep. Fitzpatrick, Brian K. [R-PA-1]
Brian
Fitzpatrick
R
PA
K.
1
2023-08-18
False
- H001093
Rep. Houchin, Erin [R-IN-9]
Erin
Houchin
R
IN
9
2023-08-22
False
- G000592
Rep. Golden, Jared F. [D-ME-2]
Jared
Golden
D
ME
F.
2
2023-09-08
False
- K000382
Rep. Kuster, Ann M. [D-NH-2]
Ann
Kuster
D
NH
M.
2
2023-09-08
False
- F000468
Rep. Fletcher, Lizzie [D-TX-7]
Lizzie
Fletcher
D
TX
7
2023-09-08
False
- B001285
Rep. Brownley, Julia [D-CA-26]
Julia
Brownley
D
CA
26
2024-01-22
False
- S001221
Rep. Scholten, Hillary J. [D-MI-3]
Hillary
Scholten
D
MI
J.
3
2024-06-07
False
Education
Education
2023-03-28T20:03:08Z
00
2023-03-03
Introduced in House
2023-06-07T21:57:36Z
Student Loan Disclosure Transparency Act of 2023
This bill requires lenders disbursing federal student loans to disclose additional information to borrowers and increase the frequency of such disclosures.
Specifically, prior to disbursement, the lender making a loan must disclose (1) the principal amount, interest rate, and number of required monthly payments to be made on the loan; (2) the estimated balance owed by the borrower; and (3) the estimated aggregate amount the borrower will pay.
Prior to repayment, the lender must disclose the projected total of interest charges that the borrower will pay on the loan, as well as projections of the borrower's monthly repayment amount.
The bill also requires certain disclosures for the life of the loan. In particular, lenders must disclose information about loans on a monthly, rather than periodic, basis. Lenders must also provide borrowers who are not in a repayment status (e.g., a borrower who is in school or in a deferment period) with a monthly statement.
The Department of Education must obtain feedback from borrowers and report on the usefulness and effectiveness of such disclosures.

Student Loan Disclosure Transparency Act of 2023
- Display Title
45

Student Loan Disclosure Transparency Act of 2023
2024-06-08T08:05:29Z
- Short Title(s) as Introduced
101

Student Loan Disclosure Transparency Act of 2023
2024-05-24T13:41:58Z
Introduced in House
IH
- Official Title as Introduced
6

To improve Federal student loan disclosures, and for other purposes.
2024-03-18T20:25:08Z
Introduced in House
IH
- Introduced in House
2023-03-03T05:00:00Z
  - https://www.govinfo.gov/content/pkg/BILLS-118hr1371ih/xml/BILLS-118hr1371ih.xml
2023-03-03
Referred to the House Committee on Education and the Workforce.
text/xml
EN
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