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   &lt;pre&gt;[Congressional Record Volume 167, Number 52 (Friday, March 19, 2021)][House]From the Congressional Record Online through the Government Publishing Office [&lt;a href="https://www.gpo.gov"&gt;www.gpo.gov&lt;/a&gt;]By Ms. HERRERA BEUTLER:H.R. 2090.Congress has the power to enact this legislation pursuantto the following:Article I Section 8[Page H1613]&lt;/pre&gt;
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     Herrera Beutler
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     Michael
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     Angie
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    <lastName>
     Craig
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     Resident Commissioner González-Colón, Jenniffer [R-PR-At Large]
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     Jenniffer
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     Gonzalez-Colon
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     Rep. Stanton, Greg [D-AZ-9]
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     Greg
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    <lastName>
     Stanton
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     D
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     Rep. Schrier, Kim [D-WA-8]
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    <firstName>
     Kim
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    <lastName>
     Schrier
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     Rep. Rutherford, John H. [R-FL-4]
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     John
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    <lastName>
     Rutherford
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     Rep. Harder, Josh [D-CA-10]
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    <firstName>
     Josh
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    <lastName>
     Harder
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     D
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    <district>
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     Rep. Cooper, Jim [D-TN-5]
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    <firstName>
     JAMES
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    <lastName>
     COOPER
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     D
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     TN
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    <middleName>
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    <fullName>
     Rep. Crow, Jason [D-CO-6]
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    <firstName>
     Jason
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    <lastName>
     Crow
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    <party>
     D
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    <state>
     CO
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    <district>
     6
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    <sponsorshipDate>
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     Rep. Diaz-Balart, Mario [R-FL-25]
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     Mario
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    <lastName>
     Diaz-Balart
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     Rep. Slotkin, Elissa [D-MI-8]
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    <firstName>
     Elissa
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    <lastName>
     Slotkin
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     Rep. Kuster, Ann M. [D-NH-2]
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     Cynthia
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     Axne
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     Rep. Rice, Tom [R-SC-7]
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     Dan
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     Crenshaw
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    <lastName>
     Carter
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     Rep. Fletcher, Lizzie [D-TX-7]
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     Fletcher
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     Lesko
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     &lt;p&gt;&lt;b&gt;Student Loan Disclosure Transparency Act of &lt;/b&gt;&lt;strong&gt;2021&lt;/strong&gt;&lt;/p&gt; &lt;p&gt;This bill requires lenders disbursing federal student loans to disclose additional information to borrowers and increase the frequency of such disclosures.&lt;/p&gt; &lt;p&gt;Specifically, prior to disbursement, the lender making a loan must disclose (1) the principal amount, interest rate, and number of required monthly payments to be made on the loan; (2) the estimated balance owed by the borrower; and (3) the estimated aggregate amount the borrower will pay.&lt;/p&gt; &lt;p&gt;Prior to repayment, the lender must disclose the projected total of interest charges that the borrower will pay on the loan, as well as projections of the borrower's monthly repayment amount.&lt;/p&gt; &lt;p&gt;The bill also requires certain disclosures for the life of the loan. In particular, lenders must disclose information about loans on a monthly, rather than periodic, basis. Lenders must also provide borrowers who are not in a repayment status (e.g., a borrower who is in school or in a deferment period) with a monthly statement. &lt;/p&gt; &lt;p&gt;The Department of Education must obtain feedback from borrowers and report on the usefulness and effectiveness of such disclosures.&lt;/p&gt;
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   Student Loan Disclosure Transparency Act of 2021
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     Student Loan Disclosure Transparency Act of 2021
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     To improve Federal student loan disclosures, and for other purposes.
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    Referred to the House Committee on Education and Labor.
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   This file contains bill summaries and statuses for federal legislation. A bill summary describes the most significant provisions of a piece of legislation and details the effects the legislative text may have on current law and federal programs. Bill summaries are authored by the Congressional Research Service (CRS) of the Library of Congress. As stated in Public Law 91-510 (2 USC 166 (d)(6)), one of the duties of CRS is "to prepare summaries and digests of bills and resolutions of a public general nature introduced in the Senate or House of Representatives". For more information, refer to the User Guide that accompanies this file.
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H11100
2021-03-19
Education and the Workforce Committee
hsed00
2
House floor actions
Referred to the House Committee on Education and Labor.
IntroReferral
Intro-H
2021-03-19
9
Library of Congress
Introduced in House
IntroReferral
1000
2021-03-19
9
Library of Congress
Introduced in House
IntroReferral
2021-03-19T13:04:45Z
Referred to
House
Education and the Workforce Committee
hsed00
Standing
S001209
7
Abigail
Rep. Spanberger, Abigail Davis [D-VA-7]
Spanberger
Davis
D
2021-03-19
VA
G000578
1
Matt
Rep. Gaetz, Matt [R-FL-1]
Gaetz
R
2021-03-19
FL
J000292
6
Bill
Rep. Johnson, Bill [R-OH-6]
Johnson
R
2021-03-19
OH
B001285
26
Julia
Rep. Brownley, Julia [D-CA-26]
Brownley
D
2021-03-19
CA
W000823
6
Michael
Rep. Waltz, Michael [R-FL-6]
Waltz
R
2021-03-19
FL
C001119
2
Angie
Rep. Craig, Angie [D-MN-2]
Craig
D
2021-03-19
MN
G000582
0
Jenniffer
Resident Commissioner González-Colón, Jenniffer [R-PR-At Large]
Gonzalez-Colon
R
2021-03-19
PR
S001211
9
Greg
Rep. Stanton, Greg [D-AZ-9]
Stanton
D
2021-03-19
AZ
S001216
8
Kim
Rep. Schrier, Kim [D-WA-8]
Schrier
D
2021-03-19
WA
R000609
4
John
Rep. Rutherford, John H. [R-FL-4]
Rutherford
H.
R
2021-03-19
FL
H001090
10
Josh
Rep. Harder, Josh [D-CA-10]
Harder
D
2021-03-26
CA
C000754
5
JAMES
Rep. Cooper, Jim [D-TN-5]
COOPER
H.
D
2021-03-26
TN
C001121
6
Jason
Rep. Crow, Jason [D-CO-6]
Crow
D
2021-03-26
CO
D000600
25
Mario
Rep. Diaz-Balart, Mario [R-FL-25]
Diaz-Balart
R
2021-04-01
FL
S001208
8
Elissa
Rep. Slotkin, Elissa [D-MI-8]
Slotkin
D
2021-04-01
MI
K000382
2
Ann
Rep. Kuster, Ann M. [D-NH-2]
Kuster
M.
D
2021-04-12
NH
A000378
3
Cynthia
Rep. Axne, Cynthia [D-IA-3]
Axne
D
2021-05-12
IA
R000597
7
Tom
Rep. Rice, Tom [R-SC-7]
Rice
R
2021-05-20
SC
C001120
2
Dan
Rep. Crenshaw, Dan [R-TX-2]
Crenshaw
R
2021-07-06
TX
C001051
31
John
Rep. Carter, John R. [R-TX-31]
Carter
R.
R
2021-08-10
TX
F000468
7
Lizzie
Rep. Fletcher, Lizzie [D-TX-7]
Fletcher
D
2021-08-10
TX
L000589
8
Debbie
Rep. Lesko, Debbie [R-AZ-8]
Lesko
R
2021-12-07
AZ
G000592
2
Jared
Rep. Golden, Jared F. [D-ME-2]
Golden
F.
D
2022-06-17
ME
Congressional Research Service, Library of Congress
This file contains bill summaries and statuses for federal legislation. A bill summary describes the most significant provisions of a piece of legislation and details the effects the legislative text may have on current law and federal programs. Bill summaries are authored by the Congressional Research Service (CRS) of the Library of Congress. As stated in Public Law 91-510 (2 USC 166 (d)(6)), one of the duties of CRS is "to prepare summaries and digests of bills and resolutions of a public general nature introduced in the Senate or House of Representatives". For more information, refer to the User Guide that accompanies this file.
text/xml
EN
Pursuant to Title 17 Section 105 of the United States Code, this file is not subject to copyright protection and is in the public domain.
2021-03-19
2021-03-19
Referred to the House Committee on Education and Labor.
House
Education
H001056
3
Jaime
Rep. Herrera Beutler, Jaime [R-WA-3]
N
Herrera Beutler
R
WA
Congressional oversight Government information and archives Government lending and loan guarantees Government studies and investigations Higher education Interest, dividends, interest rates Student aid and college costs User charges and fees
2021-03-19
Introduced in House
 <p><b>Student Loan Disclosure Transparency Act of </b><strong>2021</strong></p> <p>This bill requires lenders disbursing federal student loans to disclose additional information to borrowers and increase the frequency of such disclosures.</p> <p>Specifically, prior to disbursement, the lender making a loan must disclose (1) the principal amount, interest rate, and number of required monthly payments to be made on the loan; (2) the estimated balance owed by the borrower; and (3) the estimated aggregate amount the borrower will pay.</p> <p>Prior to repayment, the lender must disclose the projected total of interest charges that the borrower will pay on the loan, as well as projections of the borrower's monthly repayment amount.</p> <p>The bill also requires certain disclosures for the life of the loan. In particular, lenders must disclose information about loans on a monthly, rather than periodic, basis. Lenders must also provide borrowers who are not in a repayment status (e.g., a borrower who is in school or in a deferment period) with a monthly statement. </p> <p>The Department of Education must obtain feedback from borrowers and report on the usefulness and effectiveness of such disclosures.</p>
2021-07-14T17:13:03Z
00
2021-03-19T04:00:00Z
Introduced in House
https://www.govinfo.gov/content/pkg/BILLS-117hr2090ih/xml/BILLS-117hr2090ih.xml
Student Loan Disclosure Transparency Act of 2021
Student Loan Disclosure Transparency Act of 2021
Display Title
IH
Introduced in House
To improve Federal student loan disclosures, and for other purposes.
Official Title as Introduced
IH
Introduced in House
Student Loan Disclosure Transparency Act of 2021
Short Title(s) as Introduced
HR
2023-01-11T13:48:06Z
2023-01-11T13:48:06Z
3.0.0
H11100
2021-03-19
Education and the Workforce Committee
hsed00
2
House floor actions
Referred to the House Committee on Education and Labor.
IntroReferral
Intro-H
2021-03-19
9
Library of Congress
Introduced in House
IntroReferral
1000
2021-03-19
9
Library of Congress
Introduced in House
IntroReferral
H001056
3
Jaime
Rep. Herrera Beutler, Jaime [R-WA-3]
N
Herrera Beutler
R
WA
S001209
7
Abigail
Rep. Spanberger, Abigail Davis [D-VA-7]
Spanberger
Davis
D
2021-03-19
VA
G000578
1
Matt
Rep. Gaetz, Matt [R-FL-1]
Gaetz
R
2021-03-19
FL
J000292
6
Bill
Rep. Johnson, Bill [R-OH-6]
Johnson
R
2021-03-19
OH
B001285
26
Julia
Rep. Brownley, Julia [D-CA-26]
Brownley
D
2021-03-19
CA
W000823
6
Michael
Rep. Waltz, Michael [R-FL-6]
Waltz
R
2021-03-19
FL
C001119
2
Angie
Rep. Craig, Angie [D-MN-2]
Craig
D
2021-03-19
MN
G000582
0
Jenniffer
Resident Commissioner González-Colón, Jenniffer [R-PR-At Large]
Gonzalez-Colon
R
2021-03-19
PR
S001211
9
Greg
Rep. Stanton, Greg [D-AZ-9]
Stanton
D
2021-03-19
AZ
S001216
8
Kim
Rep. Schrier, Kim [D-WA-8]
Schrier
D
2021-03-19
WA
R000609
4
John
Rep. Rutherford, John H. [R-FL-4]
Rutherford
H.
R
2021-03-19
FL
H001090
10
Josh
Rep. Harder, Josh [D-CA-10]
Harder
D
2021-03-26
CA
C000754
5
JAMES
Rep. Cooper, Jim [D-TN-5]
COOPER
H.
D
2021-03-26
TN
C001121
6
Jason
Rep. Crow, Jason [D-CO-6]
Crow
D
2021-03-26
CO
D000600
25
Mario
Rep. Diaz-Balart, Mario [R-FL-25]
Diaz-Balart
R
2021-04-01
FL
S001208
8
Elissa
Rep. Slotkin, Elissa [D-MI-8]
Slotkin
D
2021-04-01
MI
K000382
2
Ann
Rep. Kuster, Ann M. [D-NH-2]
Kuster
M.
D
2021-04-12
NH
A000378
3
Cynthia
Rep. Axne, Cynthia [D-IA-3]
Axne
D
2021-05-12
IA
R000597
7
Tom
Rep. Rice, Tom [R-SC-7]
Rice
R
2021-05-20
SC
C001120
2
Dan
Rep. Crenshaw, Dan [R-TX-2]
Crenshaw
R
2021-07-06
TX
C001051
31
John
Rep. Carter, John R. [R-TX-31]
Carter
R.
R
2021-08-10
TX
F000468
7
Lizzie
Rep. Fletcher, Lizzie [D-TX-7]
Fletcher
D
2021-08-10
TX
L000589
8
Debbie
Rep. Lesko, Debbie [R-AZ-8]
Lesko
R
2021-12-07
AZ
G000592
2
Jared
Rep. Golden, Jared F. [D-ME-2]
Golden
F.
D
2022-06-17
ME
Congressional oversight Government information and archives Government lending and loan guarantees Government studies and investigations Higher education Interest, dividends, interest rates Student aid and college costs User charges and fees
2021-03-19
Introduced in House
 <p><b>Student Loan Disclosure Transparency Act of </b><strong>2021</strong></p> <p>This bill requires lenders disbursing federal student loans to disclose additional information to borrowers and increase the frequency of such disclosures.</p> <p>Specifically, prior to disbursement, the lender making a loan must disclose (1) the principal amount, interest rate, and number of required monthly payments to be made on the loan; (2) the estimated balance owed by the borrower; and (3) the estimated aggregate amount the borrower will pay.</p> <p>Prior to repayment, the lender must disclose the projected total of interest charges that the borrower will pay on the loan, as well as projections of the borrower's monthly repayment amount.</p> <p>The bill also requires certain disclosures for the life of the loan. In particular, lenders must disclose information about loans on a monthly, rather than periodic, basis. Lenders must also provide borrowers who are not in a repayment status (e.g., a borrower who is in school or in a deferment period) with a monthly statement. </p> <p>The Department of Education must obtain feedback from borrowers and report on the usefulness and effectiveness of such disclosures.</p>
2021-07-14T17:13:03Z
00
Student Loan Disclosure Transparency Act of 2021
Student Loan Disclosure Transparency Act of 2021
Display Title
IH
Introduced in House
To improve Federal student loan disclosures, and for other purposes.
Official Title as Introduced
IH
Introduced in House
Student Loan Disclosure Transparency Act of 2021
Short Title(s) as Introduced
2021-03-19
Referred to the House Committee on Education and Labor.