HR 8496 United States House · 117th Congress

Fairness for Responsible Borrowers Act

Summary

Fairness for Responsible Borrowers Act This bill generally prohibits the Departments of Education, Justice, or the Treasury from taking any action to cancel or forgive the outstanding balances, or portion of balances, of covered loans. Covered loans refer to Federal Family Education Loans, Federal Direct Loans, Federal Perkins Loans, and loans under the Health Education Assistance Loan Program. The prohibition does not apply to targeted federal student loan forgiveness, cancellation, or repayment programs carried out under the Higher Education Act of 1965.

Issues: ✗ Budget & Taxes

Bill status in committee 1 of 4 stages cleared

Introduction

Jul 2022

Committee Review

Floor Vote

President

Introduced Jul 26, 2022 Last action Jul 26, 2022

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Full legislative history

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Committee

Jul 26, 2022

Committee

Referred to the Committee on Education and Labor, and in addition to the Committee on Energy and Commerce, 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.

lower

Jul 26, 2022

Introduced

Introduced in House

lower

1 primary · 19 co-sponsors