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- H.R.2874
H.R.2874: Student Loan Disclosure Modernization Act
About This Bill
- Introduced April 28, 2021
- Latest Major Action April 28, 2021
- See the three similar bills introduced in other congresses.
Bill Sponsor
Bill Version
- Introduced in House - April 28, 2021
Bill Summary
Student Loan Disclosure Modernization Act This bill requires loan disclosure forms for federal student loans to be written in plain language, thus enabling borrowers to understand loan terms, total costs of loans, and estimated monthly repayments. Borrowers must acknowledge in writing that they have read the form before the loans are issued.
(Source: Library of Congress)
Bill Actions
Date | Description |
---|---|
April 28, 2021 |
Referred to the House Committee on Education and Labor.
|
April 28, 2021 |
Introduced in the House by Emanuel Cleaver II (D-Mo.) |