H.R.7761 - Protecting Access to Loan Forgiveness for Public Servants During the COVID–19 Pandemic Act116th Congress (2019-2020)
|Sponsor:||Rep. Swalwell, Eric [D-CA-15] (Introduced 07/23/2020)|
|Committees:||House - Education and Labor|
|Latest Action:||House - 07/23/2020 Referred to the House Committee on Education and Labor. (All Actions)|
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Summary: H.R.7761 — 116th Congress (2019-2020)All Information (Except Text)
Introduced in House (07/23/2020)
Protecting Access to Loan Forgiveness for Public Servants During the COVID-19 Pandemic Act
This bill allows public service employees who are impacted by the COVID-19 (i.e., coronavirus disease 2019) public health emergency to continue to participate, without disruption, in the Public Service Loan Forgiveness (PSLF) program.
Specifically, an individual who was employed in a public service job and who experiences lapse in employment (e.g., a furlough, a layoff, or the individual's resignation due to illness or caregiving responsibilities) because of the COVID-19 public health emergency may continue to participate in the PSLF program without disruption. The bill treats such an individual as employed in a public service job during the emergency and deems a monthly payment made by the individual as a qualifying monthly payment toward loan cancellation under the PSLF program. However, unless the individual would have completed requirements for loan cancellation during the public health emergency, the individual must resume employment in a public service job within six months after the end of the emergency.
In addition, the bill directs the Department of Education to develop and make available guidance related to the assistance provided by the bill.