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117-hr-8006117th Congress

Student Loan Accountability Act

Sponsored By: Representative Ferguson, A. Drew, IV [R-GA-3]

Unknown

Summary

Student Loan Accountability Act This bill generally 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. Covered loans refer to Federal Family Education Loans, Federal Direct Loans, Federal Perkins Loans, and loans under the Health Education Assistance Loan Program. The prohibition does not apply to targeted federal student loan forgiveness, cancellation, or repayment programs carried out under the Higher Education Act of 1965. Additionally, the bill repeals the temporary tax-free treatment of discharged student loan debt. It also prohibits tax return information from being shared for the purpose of administering a student loan cancellation plan.

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Bill Overview

No Economic Impacts Identified for this Bill

Sponsors & CoSponsors

Sponsor

Ferguson, A. Drew, IV [R-GA-3]

GA • R

Cosponsors

  • Rep. Gallagher, Mike [R-WI-8]

    WI • R

    Sponsored 6/9/2022

  • Rep. Smith, Adrian [R-NE-3]

    NE • R

    Sponsored 6/13/2022

  • Rep. Miller, Carol D. [R-WV-1]

    WV • R

    Sponsored 6/15/2022

  • Rep. Murphy, Gregory F. [R-NC-3]

    NC • R

    Sponsored 6/15/2022

  • Rep. Wenstrup, Brad R. [R-OH-2]

    OH • R

    Sponsored 6/16/2022

  • Rep. Van Duyne, Beth [R-TX-24]

    TX • R

    Sponsored 6/16/2022

  • Rep. Spartz, Victoria [R-IN-5]

    IN • R

    Sponsored 6/21/2022

  • Rep. LaHood, Darin [R-IL-16]

    IL • R

    Sponsored 6/23/2022

  • Rep. Palazzo, Steven M. [R-MS-4]

    MS • R

    Sponsored 7/13/2022

  • Rep. Rice, Tom [R-SC-7]

    SC • R

    Sponsored 7/18/2022

  • Rep. Kustoff, David [R-TN-8]

    TN • R

    Sponsored 7/21/2022

  • Rep. Walorski, Jackie [R-IN-2]

    IN • R

    Sponsored 7/26/2022

  • Rep. Donalds, Byron [R-FL-19]

    FL • R

    Sponsored 8/16/2022

  • Rep. Buchanan, Vern [R-FL-16]

    FL • R

    Sponsored 8/26/2022

  • Rep. Scott, Austin [R-GA-8]

    GA • R

    Sponsored 8/26/2022

  • Rep. Womack, Steve [R-AR-3]

    AR • R

    Sponsored 9/29/2022

  • Rep. Lesko, Debbie [R-AZ-8]

    AZ • R

    Sponsored 10/7/2022

Roll Call Votes

No roll call votes available for this bill.

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