To amend the Fair Labor Standards Act of 1938 to eliminate the separate minimum wage for tipped employees, 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 exempts preserves qualifying payment counts for consolidated and refinanced loans under PSLF, repeals eliminates interest capitalization on student loans when payments are deferred, and requires GAO study on data matching agreements for automatic PSLF certification. It relies on exemptions, tax rate changes, and reporting requirements. The main policy areas are Labor.
Who Benefits and How
Student loan borrowers with deferred payments could see lower costs and PSLF borrowers who consolidate could face lower compliance burdens.
Who Bears the Burden and How
Federal student loan program could lose revenue opportunities and Government Accountability Office would take on compliance duties.
Key Provisions
- Exempts preserves qualifying payment counts for consolidated and refinanced loans under PSLF.
- Repeals eliminates interest capitalization on student loans when payments are deferred.
- Requires GAO study on data matching agreements for automatic PSLF certification.
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 exempts preserves qualifying payment counts for consolidated and refinanced loans under PSLF, repeals eliminates interest capitalization on student loans when payments are deferred, and requires GAO study on data matching agreements for automatic PSLF certification.
Key Policy Areas
Labor
Primary Purpose
The bill exempts preserves qualifying payment counts for consolidated and refinanced loans under PSLF, repeals eliminates interest capitalization on student loans when payments are deferred, and requires GAO study on data matching agreements for automatic PSLF certification.
Policy Domains
Whole bill
Identified Gains
- Student loan borrowers with deferred payments
- PSLF borrowers who consolidate
Identified Costs
- Federal student loan program
- Government Accountability Office
Sponsors
Legislative Progress
IntroducedMr. Horsford (for himself, Mr. Norcross, Ms. Titus, Ms. Lee …
Stakeholder Effects
cui bono?How this legislation distributes effects. Mention counts reflect frequency, not effect magnitude.
PSLF borrowers who consolidate, Student loan borrowers with deferred payments
Federal student loan program, Government Accountability Office
Bill Structure & Actor Mappings
Who is "The Secretary" in each section?
- "secretary_of_treasury"
- → Secretary of the Treasury
We use a combination of our own taxonomy and classification in addition to large language models to assess meaning and potential beneficiaries. High confidence means strong textual evidence. Always verify with the original bill text.
Learn more about our methodology