To revise counseling requirements for certain borrowers of student loans, and for other purposes.
Analysis under review: This bill has generated analysis that may be too generic or incomplete. Clause-level evidence remains available below.
Summary
What This Bill Does
The bill creates pre-loan counseling and certification of loan amount Section 485(l) of the Higher Education Act of 1965 (20 U.S.C, requires required periodic disclosures during periods when loan payments are not required Section 433 of the Higher Education Act of 1965 (20 U.S.C, and defines conforming amendments Section 487(e)(2)(B)(ii)(IV) of the Higher Education Act of 1965 (20 U.S.C. It relies on definition changes, grants, tax rate changes, and reporting requirements. The main policy areas are Education, Finance, Environment, and Foreign Policy.
Who Benefits and How
Financial services firms and customers affected by the bill could gain revenue opportunities, Educational institutions and students affected by the bill could gain revenue opportunities, and Foreign businesses and cross-border trade participants affected by the bill could gain revenue opportunities.
Who Bears the Burden and How
Federal, state, or local agencies responsible for implementing the clause would take on compliance duties, Homeowners, tenants, or housing market participants affected by the bill would take on compliance duties, and Financial services firms and customers affected by the bill would take on compliance duties.
Key Provisions
- Creates pre-loan counseling and certification of loan amount Section 485(l) of the Higher Education Act of 1965 (20 U.S.C.
- Requires required periodic disclosures during periods when loan payments are not required Section 433 of the Higher Education Act of 1965 (20 U.S.C.
- Defines conforming amendments Section 487(e)(2)(B)(ii)(IV) of the Higher Education Act of 1965 (20 U.S.C.
Evidence Chain:
This summary is generated from the full bill text using AI analysis. Expand "Detailed Analysis" below for identified beneficiaries/burden bearers with clause-level evidence links.
At a Glance
What This Bill Does
The bill creates pre-loan counseling and certification of loan amount Section 485(l) of the Higher Education Act of 1965 (20 U.S.C, requires required periodic disclosures during periods when loan payments are not required Section 433 of the Higher Education Act of 1965 (20 U.S.C, and defines conforming amendments Section 487(e)(2)(B)(ii)(IV) of the Higher Education Act of 1965 (20 U.S.C.
Key Policy Areas
Education, Finance, Environment, Foreign Policy
Primary Purpose
The bill creates pre-loan counseling and certification of loan amount Section 485(l) of the Higher Education Act of 1965 (20 U.S.C, requires required periodic disclosures during periods when loan payments are not required Section 433 of the Higher Education Act of 1965 (20 U.S.C, and defines conforming amendments Section 487(e)(2)(B)(ii)(IV) of the Higher Education Act of 1965 (20 U.S.C.
Policy Domains
Whole bill
Identified Gains
- Financial services firms and customers affected by the bill
- Educational institutions and students affected by the bill
- Foreign businesses and cross-border trade participants affected by the bill
- Environmental and public health interests affected by the bill
Identified Costs
- Federal, state, or local agencies responsible for implementing the clause
- Homeowners, tenants, or housing market participants affected by the bill
- Financial services firms and customers affected by the bill
- Environmental and public health interests affected by the bill
- Educational institutions and students affected by the bill
Sponsors
Legislative Progress
IntroducedMrs. Miller-Meeks (for herself, Mr. Guest, Mrs. Hinson, Mr. Nunn …
Impact analysis is available but no clear stakeholder effects identified. View clause-level analysis →
Bill Structure & Actor Mappings
Who is "The Secretary" in each section?
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