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Student Loan Accountability Act
12/29/2022, 4:48 PM
Congressional Summary of S 4253
Student Loan Accountability Act
This bill generally prohibits the Departments of Education, Justice, or the Treasury from taking any action to cancel or forgive the outstanding balances, or portion of balances, of covered loans. Covered loans refer to Federal Family Education Loans, Federal Direct Loans, Federal Perkins Loans, and loans under the Health Education Assistance Loan Program.
The prohibition does not apply to targeted federal student loan forgiveness, cancellation, or repayment programs that are in effect by final regulation on May 11, 2022, and carried out under the Higher Education Act of 1965.
Read the Full Bill
Current Status of Bill S 4253
Bill S 4253 is currently in the status of Bill Introduced since May 18, 2022. Bill S 4253 was introduced during Congress 117 and was introduced to the Senate on May 18, 2022. Bill S 4253's most recent activity was Read twice and referred to the Committee on Health, Education, Labor, and Pensions. as of May 18, 2022
Bipartisan Support of Bill S 4253
Total Number of Sponsors
1Democrat Sponsors
0Republican Sponsors
1Unaffiliated Sponsors
0Total Number of Cosponsors
4Democrat Cosponsors
0Republican Cosponsors
4Unaffiliated Cosponsors
0Policy Area and Potential Impact of Bill S 4253
Primary Policy Focus
EducationAlternate Title(s) of Bill S 4253
Student Loan Accountability Act
Student Loan Accountability Act
A bill to prohibit the mass cancellation of student loans.
Comments
Sponsors and Cosponsors of S 4253
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