Pay Back Act

United States118th CongressHR-4742House of Representatives
Updated: Jul 21, 2023

Summary

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.

Bill texts

Available versions
Introduced (House)View official text

1 version available

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Timeline

  1. Introduced in House

  2. 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.

    House of Representatives

  3. Referred to the Subcommittee on Health.

    House of Representatives

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