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Selected Reserve Education Loan Repayment Program Enhancement Act

2/8/2022, 11:16 PM

Congressional Summary of HR 7424

Selected Reserve Education Loan Repayment Program Enhancement Act

This bill increases, to the greater of 20% or $1000, the maximum amount of certain education loans that the Department of Defense may repay for members of the Selected Reserve under the education loan repayment program. Under current law, the maximum amount is the greater of 15% or $500.

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Current Status of Bill HR 7424

Bill HR 7424 is currently in the status of Bill Introduced since June 30, 2020. Bill HR 7424 was introduced during Congress 116 and was introduced to the House on June 30, 2020.  Bill HR 7424's most recent activity was Referred to the House Committee on Armed Services. as of June 30, 2020

Bipartisan Support of Bill HR 7424

Total Number of Sponsors
1
Democrat Sponsors
1
Republican Sponsors
0
Unaffiliated Sponsors
0
Total Number of Cosponsors
2
Democrat Cosponsors
1
Republican Cosponsors
1
Unaffiliated Cosponsors
0

Policy Area and Potential Impact of Bill HR 7424

Primary Policy Focus

Armed Forces and National Security

Potential Impact Areas

- Higher education
- National Guard and reserves
- Student aid and college costs
- Veterans' education, employment, rehabilitation

Alternate Title(s) of Bill HR 7424

Selected Reserve Education Loan Repayment Program Enhancement Act
To amend title 10, United States Code, to increase the amount which may be paid to members of the Selected Reserve under the education loan repayment program, and for other purposes.
Selected Reserve Education Loan Repayment Program Enhancement Act

Comments

Sponsors and Cosponsors of HR 7424

Cheri Bustos
Cheri Bustos
IllinoisDemocrat

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