Selected Reserve Education Loan Repayment Program Enhancement Act
2/8/2022, 11:16 PMCongressional 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, 2020Bipartisan Support of Bill HR 7424
Total Number of Sponsors
1Democrat Sponsors
1Republican Sponsors
0Unaffiliated Sponsors
0Total Number of Cosponsors
2Democrat Cosponsors
1Republican Cosponsors
1Unaffiliated Cosponsors
0Policy Area and Potential Impact of Bill HR 7424
Primary Policy Focus
Armed Forces and National SecurityPotential Impact Areas
Higher educationNational Guard and reservesStudent aid and college costsVeterans' education, employment, rehabilitationAlternate Title(s) of Bill HR 7424
Selected Reserve Education Loan Repayment Program Enhancement ActTo 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 ActComments
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Sponsors and Cosponsors of HR 7424
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