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Student Loan Disclosure Transparency Act of 2021
Legislative Progress
Introduced
March 19, 2021
Latest Action
March 19, 2021
Primary Sponsor
Jaime Herrera BeutlerRepublican(WA)
Momentum (last 30 days)
0
score
0 actions · 0 new cosponsors · 0 votes
Speed vs cohort
0pct
0d open
vs 9,698 other HR bills in the 117th — cohort avg 63d
Student Loan Disclosure Transparency Act of 2021 This bill requires lenders disbursing federal student loans to disclose additional information to borrowers and increase the frequency of such disclosures. Specifically, prior to disbursement, the lender making a loan must disclose (1) the principal amount, interest rate, and number of required monthly payments to be made on the loan; (2) the estimated balance owed by the borrower; and (3) the estimated aggregate amount the borrower will pay. Prior to repayment, the lender must disclose the projected total of interest charges that the borrower will pay on the loan, as well as projections of the borrower's monthly repayment amount. The bill also requires certain disclosures for the life of the loan. In particular, lenders must disclose information about loans on a monthly, rather than periodic, basis. Lenders must also provide borrowers who are not in a repayment status (e.g., a borrower who is in school or in a deferment period) with a monthly statement. The Department of Education must obtain feedback from borrowers and report on the usefulness and effectiveness of such disclosures.
These links require the bill number to appear in the filing's source-reported specific issue text. Client expenses and lobbying-firm income are separate disclosure fields.
Filing registrants (2)
2022 · fourth_quarter · Education
Issues related to private student lending, including post-secondary education and private student lending: -HR 891 Students and Families Empowerment Act of 2021 -HR 2090 Improve Student Loan Disclosures -HR 1143 LOAN Act (forgiving federal and private student loan debt in bankruptcy proceedings -HR 6316 - Emergency Assistance for Student Borrowers Act -HR 4350 National Defense Authorization Act - Amendment #734 (Ruled in Order; not offered on floor) -HR 1023 Justice for Student Borrowers -HR 8655 Responsible Educational Assistance Through Loan Reforms -Lowering Obstacles to Achievement Now (LOAN Act) (No bill number currently)
Referred to the House Committee on Education and Labor.
Introduced in House
Congress.gov source codes: 1000, Intro-H
Bills with similar content found using semantic analysis.
Sources: Congress.gov
Client expense: $380,000 · Firm income: Not reported
Government targets: HOUSE OF REPRESENTATIVES, SENATE
2022 · third_quarter · Education
Issues related to private student lending, including post-secondary education and private student lending: -HR 891 Students and Families Empowerment Act of 2021 -HR 2090 Improve Student Loan Disclosures -HR 1143 LOAN Act (forgiving federal and private student loan debt in bankruptcy proceedings -HR 6316 - Emergency Assistance for Student Borrowers Act -HR 4350 National Defense Authorization Act - Amendment #734 (Ruled in Order; not offered on floor) -HR 1023 Justice for Student Borrowers -HR 8655 Responsible Educational Assistance Through Loan Reforms -Lowering Obstacles to Achievement Now (LOAN Act) (No bill number currently)
Client expense: $430,000 · Firm income: Not reported
Government targets: HOUSE OF REPRESENTATIVES, SENATE
2022 · second_quarter · Education
Issues related to private student lending, including post-secondary education and private student lending: -HR 891 Students and Families Empowerment Act of 2021 -HR 2090 Improve Student Loan Disclosures -HR 1143 LOAN Act (forgiving federal and private student loan debt in bankruptcy proceedings -HR 6316 - Emergency Assistance for Student Borrowers Act -HR 4350 National Defense Authorization Act - Amendment #734 (Ruled in Order; not offered on floor) -HR 1023 Justice for Student Borrowers
Client expense: $480,000 · Firm income: Not reported
Government targets: HOUSE OF REPRESENTATIVES, SENATE
2022 · first_quarter · Education
Issues related to private student lending, including post-secondary education and private student lending: -HR 2447 Amends Internal Revenue Code - excludes taxing assistance to veterinary student loan repayment or forgiveness programs -S 449/ HR 1285 Dental Loan Repayment Assistance Act -HR 891 Students and Families Empowerment Act of 2021 -HR 2090 Improve Student Loan Disclosures -HR 1143 LOAN Act (forgiving federal and private student loan debt in bankruptcy proceedings -HR 6316 - Emergency Assistance for Student Borrowers Act -HR 4350 National Defense Authorization Act - Amendment #734 (Ruled in Order; not offered on floor) -HR 1023 Justice for Student Borrowers
Client expense: $640,000 · Firm income: Not reported
Government targets: HOUSE OF REPRESENTATIVES, SENATE
2021 · fourth_quarter · Education
Issues related to private student lending, including post-secondary education and private student lending: -HR 2447 Amends Internal Revenue Code - excludes taxing assistance to veterinary student loan repayment or forgiveness programs -S 449/ HR 1285 Dental Loan Repayment Assistance Act -HR 891 Students and Families Empowerment Act of 2021 -HR 2090 Improve Student Loan Disclosures -HR 1143 LOAN Act (forgiving federal and private student loan debt in bankruptcy proceedings -HR 6316 - Emergency Assistance for Student Borrowers Act -HR 4350 National Defense Authorization Act - Amendment #734 (Ruled in Order; not offered on floor) -HR 1023 Justice for Student Borrowers
Client expense: $370,000 · Firm income: Not reported
Government targets: Consumer Financial Protection Bureau (CFPB), Federal Deposit Insurance Corporation (FDIC), Federal Reserve System, HOUSE OF REPRESENTATIVES, Natl Economic Council (NEC), SENATE, Treasury, Dept of
2021 · third_quarter · Education
Issues related to private student lending, including post-secondary education and private student lending: -HR 2447 Amends Internal Revenue Code - excludes taxing assistance to veterinary student loan repayment or forgiveness programs -S 449/ HR 1285 Dental Loan Repayment Assistance Act -HR 891 Students and Families Empowerment Act of 2021 -HR 2090 Improve Student Loan Disclosures -HR 1143 LOAN Act (forgiving federal and private student loan debt in bankruptcy proceedings -HR 6316 - Emergency Assistance for Student Borrowers Act -HR 4350 National Defense Authorization Act - Amendment #734 (Ruled in Order; not offered on floor) -HR 1023 Justice for Student Borrowers
Client expense: $400,000 · Firm income: Not reported
Government targets: Consumer Financial Protection Bureau (CFPB), Federal Deposit Insurance Corporation (FDIC), Federal Reserve System, HOUSE OF REPRESENTATIVES, Natl Economic Council (NEC), SENATE, Treasury, Dept of
2021 · second_quarter · Education
Income-Driven Repayment Student Loan Forgiveness Federal State Partnership School closure reform Student loan transparency measures Short term Pell pilot program LOAN Act S. 1173, Earn to Learn Act S. 879/H.R. 1814, Civics Secures Democracy Act H.R. 2912, Truth in Tuition Act Student Records Protection Act PASS Act H.R. 2090, Student Loan Disclosure Transparency Act S. 1464, Student Loan Disclosure Modernization Act
Client expense: $660,000 · Firm income: Not reported
Government targets: HOUSE OF REPRESENTATIVES, SENATE
2021 · second_quarter · Education
Issues related to private student lending, including post-secondary education and private student lending: -HR 2447 Amends Internal Revenue Code - excludes taxing assistance to veterinary student loan repayment or forgiveness programs -S 449/ HR 1285 Dental Loan Repayment Assistance Act -HR 891 Students and Families Empowerment Act of 2021 -HR 2090 Improve Student Loan Disclosures -HR 1143 LOAN Act (forgiving federal and private student loan debt in bankruptcy proceedings -HR 6316 - Emergency Assistance for Student Borrowers Act -National Defense Authorization Act - (any private lending amendments no bills introduced to date) -HR 1023 Justice for Student Borrowers
Client expense: $530,000 · Firm income: Not reported
Government targets: Consumer Financial Protection Bureau (CFPB), Federal Deposit Insurance Corporation (FDIC), Federal Reserve System, HOUSE OF REPRESENTATIVES, Natl Economic Council (NEC), SENATE, Treasury, Dept of
2021 · first_quarter · Education
Issues related to private student lending, including post-secondary education and private student lending: -HR 2447 Amends Internal Revenue Code - excludes taxing assistance to veterinary student loan repayment or forgiveness programs -S 449/ HR 1285 Dental Loan Repayment Assistance Act -HR 891 Students and Families Empowerment Act of 2021 -HR 2090 Improve Student Loan Disclosures -HR 1143 LOAN Act (forgiving federal and private student loan debt in bankruptcy proceedings -HR 6316 - Emergency Assistance for Student Borrowers Act -National Defense Authorization Act - (any private lending amendments no bills introduced to date) -HR 1023 Justice for Student Borrowers
Client expense: $1,000,000 · Firm income: Not reported
Government targets: Consumer Financial Protection Bureau (CFPB), Federal Deposit Insurance Corporation (FDIC), Federal Reserve System, HOUSE OF REPRESENTATIVES, Natl Economic Council (NEC), SENATE, Treasury, Dept of
| Republican |
| OH |
| Cynthia Axne | Democratic | IA |
| Dan Crenshaw | Republican | TX |
| Debbie Lesko | Republican | AZ |
| Elissa Slotkin | Democratic | MI |
| Greg Stanton | Democratic | AZ |
| Jared F. Golden | Democratic | ME |
| Jason Crow | Democratic | CO |
| Jenniffer González-Colón | Republican | PR |
| Jim Cooper | Democratic | TN |
| John H. Rutherford | Republican | FL |
| John R. Carter | Republican | TX |
| Josh Harder | Democratic | CA |
| Julia Brownley | Democratic | CA |
| Kim Schrier | Democratic | WA |
| Lizzie Fletcher | Democratic | TX |
| Mario Diaz-Balart | Republican | FL |
| Matt Gaetz | Republican | FL |
| Michael Waltz | Republican | FL |
| Tom Rice | Republican | SC |