Relates to requiring new employees to be provided certain information relating to student loan repayment information
This bill requires employers in the state to give new employees information about student loan repayment options when they are hired. The law applies to people starting post-graduate internships or entry-level jobs that need an associate's degree or higher, and it also covers public service loan forgiveness programs for public sector workers. To ensure the information is accurate, the state's higher education and financial services officials must create a notice or pamphlet explaining consolidation options, income-based repayment plans, and helpful online resources. Employers must provide this material to eligible new hires on or before their start date, and the rules will take effect roughly 260 days after the bill becomes law.
Bill status
passed
3 of 5 stages cleared
Introduction
Jan 2023
Committee Review
Mar 2024
Senate Passage
Mar 2024
Assembly Passage
Governor
Introduced Jan 4, 2023
Last action May 29, 2024
Floor votes · Senate May 17, 2023
How they voted
51–10
Passed · 2 other
Total votes 63
May 17, 2023
D
Democratic42
95% Yea
R
Republican21
52% Yea
Vote distribution
All Yea
All Nay
Mixed
No data
Full legislative history
Actions timeline
Total actions
18
Key actions
2
Committee
4
Mar 18, 2024
Committee
REFERRED TO BANKS
lower
Mar 18, 2024
Upper · Passed
PASSED SENATE
upper
Jan 3, 2024
Committee
REFERRED TO LABOR
upper
May 17, 2023
Committee
REFERRED TO BANKS
lower
May 17, 2023
Upper · Passed
PASSED SENATE
upper
Jan 4, 2023
Committee
REFERRED TO LABOR
upper
1 primary · 6 co-sponsors
Sponsors
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