118th Congress · HOUSE BILLBILL

H.R. 4742 — Pay Back Act

“To prohibit the Secretary of Education, the Secretary of the Treasury, and the Attorney General from cancelling student loans, or changing any other terms or conditions on such loans, except as expressly authorized by an Act of Congress enacted after the date of enactment of this Act.”

Education

Introduced Jul 19, 2023

Last action Jul 21, 2023

Pipeline · Bill → Law

Step 1

Introduced

Jul 19, 2023

Step 2

Referred

Jul 21, 2023

Education and Workforce · E&C

Step 3

Committee

Step 4

House floor

Step 5

Senate

Step 6

Resolve Changes

Step 7

Signed

SummaryCRS Summary

This bill prohibits the Departments of Education, Justice, or the Treasury from taking any action to cancel or forgive the outstanding balances (or portion of balances) of covered loans or otherwise modify the terms or conditions of covered loans unless expressly authorized by Congress. Covered loans refer to Federal Family Education Loans, Federal Direct Loans, Federal Perkins Loans, and loans under the Health Education Assistance Loan Program.

Provisions · 2 sectionsIntroduced in House

Timeline · 4 actions

Jul 21, 2023

Referred to the Subcommittee on Health.

Jul 19, 2023

Introduced in House

Jul 19, 2023

Referred to the Committee on Education and the Workforce, and in addition to the Committee on Energy and Commerce, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.

Jul 19, 2023