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
Floor votes
How they voted
No floor votes recorded yet.
Full legislative history
Actions timeline
Total actions
2
Key actions
0
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
Sponsors
Role
Legislator
Party
State
District
P
Daniel S. Goldman
DDemocratic
Co
Alma S. Adams
DDemocratic
Co
Andy Kim
DDemocratic
Co
Betty McCollum
DDemocratic
Co
Doris O. Matsui
DDemocratic
Co
Eleanor Holmes Norton
DDemocratic
Co
Janice D. Schakowsky
DDemocratic
Co
Jasmine Crockett
DDemocratic
Co
Jesús G. "Chuy" García
DDemocratic
Co
Jill N. Tokuda
DDemocratic
Co
Kevin Mullin
DDemocratic
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