H.R.4391 - Public Service Loan Forgiveness Modernization Act116th Congress (2019-2020) |
|Sponsor:||Rep. Panetta, Jimmy [D-CA-20] (Introduced 09/18/2019)|
|Committees:||House - Education and Labor|
|Latest Action:||House - 09/18/2019 Referred to the House Committee on Education and Labor. (All Actions)|
This bill has the status Introduced
Here are the steps for Status of Legislation:
- Passed House
- Passed Senate
- To President
- Became Law
Summary: H.R.4391 — 116th Congress (2019-2020)All Information (Except Text)
Introduced in House (09/18/2019)
Public Service Loan Forgiveness Modernization Act or the PSLF Modernization Act
This bill revises provisions related to the public service loan forgiveness program.
Specifically, the bill requires the Department of Education (ED) to establish a comprehensive database identifying each qualified public service employer and each position offered by such employer that is a public service job. ED must also establish a process whereby an employer may submit a certification that it is a qualified public service employer.
In addition, the bill prohibits ED from requiring a borrower to apply for and be denied loan cancellation pursuant to the public service loan forgiveness program as a condition of eligibility for loan forgiveness under the Temporary Expanded Public Service Loan Forgiveness program. ED must also develop and make publicly available an online tool where borrowers may learn more about the expanded program, determine their eligibility for forgiveness, and identify any requirements for participation.