[Congressional Bills 116th Congress]
[From the U.S. Government Publishing Office]
[H.R. 7380 Introduced in House (IH)]

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116th CONGRESS
  2d Session
                                H. R. 7380

      To cancel the obligation of historically black colleges and 
 universities to repay certain capital financing loans, and for other 
                               purposes.


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                    IN THE HOUSE OF REPRESENTATIVES

                             June 26, 2020

 Ms. Adams (for herself, Ms. Johnson of Texas, Ms. Sewell of Alabama, 
Mr. Cooper, Mr. Thompson of Mississippi, Mr. Carson of Indiana, Ms. Lee 
 of California, Mr. Bishop of Georgia, Mr. Hastings, Mr. Clay, and Ms. 
   Norton) introduced the following bill; which was referred to the 
                    Committee on Education and Labor

_______________________________________________________________________

                                 A BILL


 
      To cancel the obligation of historically black colleges and 
 universities to repay certain capital financing loans, and for other 
                               purposes.

    Be it enacted by the Senate and House of Representatives of the 
United States of America in Congress assembled,

SECTION 1. SHORT TITLE.

    This Act may be cited as the ``HBCU Capital Finance Debt Relief 
Act''.

SEC. 2. CANCELLATION OF DEBT UNDER HBCU CAPITAL FINANCING PROGRAM.

    Not later than 30 days after the date of the enactment of this Act, 
the Secretary of Education shall cancel the obligation of each eligible 
institution (as defined in section 342 of the Higher Education Act of 
1965 (20 U.S.C. 1066a)) to repay the balance of interest and principal 
due on each loan made under part D of title III of the Higher Education 
Act of 1965 (20 U.S.C. 1066 et seq.) before the date of the enactment 
of this Act.
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