HR 6593 United States House · 118th Congress

Codifying SAVE Plan Act

This bill makes the Department of Education's 2023 SAVE Plan repayment regulations permanent by incorporating them directly into federal law. It directly affects federal student loan borrowers who use the SAVE Plan, which sets income-driven repayment terms. The key mechanism is transferring the specific rules from the 2023 regulations (published in the Federal Register) into Title 34 of the U.S. Code, ensuring those terms remain in effect without needing future regulatory updates. This change provides stability for borrowers and eliminates the need for the Department to reissue the same rules as new regulations.
Bill status in committee 1 of 4 stages cleared
Introduction
Dec 2023
Committee Review
Floor Vote
President
Introduced Dec 5, 2023 Last action Dec 5, 2023
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Committee
1
Dec 5, 2023
Committee
Referred to the House Committee on Education and the Workforce.
lower
Dec 5, 2023
Introduced
Introduced in House
lower
1 primary · 15 co-sponsors

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