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HR 4742 118th Congress House Education Government lending and loan guarantees Higher education Student aid and college costs

Pay Back Act

Introduced: July 19, 2023 Introduced by: McClain, Lisa C. Republican · Michigan See on congress.gov
 Everywhere this bill has been 3 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Jul 21, 2023
Referred to the Subcommittee on Health.
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
Introduced in House
 Plain-English summary Congressional Research Service

Pay Back Act

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.
What's happening now July 21, 2023

Referred to the Subcommittee on Health.

 Committees of jurisdiction 3