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HR 4851 116th Congress House Education Government employee pay, benefits, personnel management Government lending and loan guarantees State and local government operations Student aid and college costs

State Workforce Incentive Act

Introduced: October 23, 2019 Introduced by: Stefanik, Elise M. Republican · New York See on congress.gov
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 Everywhere this bill has been 2 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Oct 23, 2019
Referred to the House Committee on Education and Labor.
Oct 23, 2019
Introduced in House
 Plain-English summary Congressional Research Service

State Workforce Incentive Act

This bill establishes a state-directed program of loan repayment credits to replace the public service loan forgiveness program.

Specifically, the bill provides each state with an annual allotment of loan repayment credits, and it tasks states with determining the occupations for which a borrower shall be able to receive such credits (i.e., occupations that fill state-specific workforce and public service needs). Upon a determination that a borrower has met certain requirements, the Department of Education shall cancel an amount of the borrower's outstanding balance on their federal student loans that is equal to the amount of credits allocated to the borrower by their state under this program.

What's happening now October 23, 2019

Referred to the House Committee on Education and Labor.

 Committees of jurisdiction 1
 Cosponsors 1
All 1 Republican 1