SAVES Act

Hozzl · 2024-03-13T19:38:28Z

Explore the details of Senate Bill 2067 SAVES Act currently in Congress. Get insights into its purpose, current status, sponsors, and potential impact on Armed Forces and National Security. Stay informed on legislative developments.

3/13/2024, 7:38 PM

Summary of Bill S 2067

The SAVES Act, also known as Bill 118 s 2067, is a piece of legislation currently being considered by the US Congress. The purpose of this bill is to address the issue of student loan debt and provide relief to borrowers who are struggling to repay their loans.

The SAVES Act proposes several key provisions to help alleviate the burden of student loan debt. One of the main components of the bill is the establishment of a loan forgiveness program for borrowers who have made consistent payments on their loans for a certain period of time. This program aims to incentivize responsible repayment behavior and provide relief to borrowers who have demonstrated a commitment to paying off their loans.

Additionally, the SAVES Act includes provisions to streamline the loan repayment process and make it easier for borrowers to access information about their loans. The bill also aims to improve financial literacy among borrowers by requiring educational institutions to provide counseling and resources to help students make informed decisions about their loans. Overall, the SAVES Act is designed to address the growing problem of student loan debt in the United States and provide relief to borrowers who are struggling to repay their loans. If passed, this legislation has the potential to make a significant impact on the lives of millions of Americans who are burdened by student loan debt.

Read the Full Bill

Formatted Text PDF Formatted XML

Current Status of Bill S 2067

Bill S 2067 is currently in the status of Bill Introduced since June 21, 2023. Bill S 2067 was introduced during Congress 118 and was introduced to the Senate on June 21, 2023. Bill S 2067's most recent activity was Committee on Veterans' Affairs. Hearings held. as of July 12, 2023

Bipartisan Support of Bill S 2067

Total Number of Sponsors

Democrat Sponsors

Republican Sponsors

Unaffiliated Sponsors

Total Number of Cosponsors

Democrat Cosponsors

Republican Cosponsors

Unaffiliated Cosponsors

Policy Area and Potential Impact of Bill S 2067

Primary Policy Focus

Armed Forces and National Security

Alternate Title(s) of Bill S 2067

SAVES ActSAVES ActService Dogs Assisting Veterans ActA bill to require the Secretary of Veterans Affairs to award grants to nonprofit organizations to assist such organizations in carrying out programs to provide service dogs to eligible veterans, and for other purposes.

Start holding our government accountable!