Empowering Students Through Enhanced Financial Counseling Act

Summary

Empowering Students Through Enhanced Financial Counseling Act This bill amends title IV (Student Assistance) of the Higher Education Act of 1965 to modify loan counseling requirements for an institution of higher education (IHE) that participates in federal student aid programs. Currently, an IHE must provide entrance counseling to a student who is a first-time federal student loan borrower. This bill replaces required entrance counseling with required annual counseling. Also, it expands the required recipients of such annual counseling to include, in addition to student borrowers, Federal Pell Grant recipients and parent PLUS Loan borrowers. Each annual counseling recipient must receive comprehensive information on the terms, conditions, and responsibilities with respect to a grant or loan and general information on a typical student budget, the right to request an annual credit report, average income and employment data, and financial management resources. Additionally, the bill revises, expands, or establishes specific annual counseling information requirements for student borrowers, Pell Grant recipients, or parent PLUS Loan borrowers. The bill revises and expands exit counseling information requirements to include an outstanding loan balance summary, the anticipated monthly payments under standard and income-based repayment plans, an explanation of the grace period preceding repayment, the option to pay accrued interest before it capitalizes, the right to request an annual credit report, and loan servicer contact information. It directs the Department of Education to maintain a consumer-tested online counseling tool that provides annual and exit counseling. The Institute of Education Sciences must study the impact and effectiveness of exit counseling, annual counseling, and the online counseling tool.

This text is taken from the official record. PoliticalRepo does not editorialize.

Timeline

1. 20 March 2017

   Introduced

   Referred to the House Committee on Education and the Workforce.

   Source: IntroReferral

2. 20 March 2017

   Introduced

   Introduced in House

   Source: IntroReferral

3. 20 March 2017

   Introduced

   Introduced in House

   Source: IntroReferral

4. 4 September 2018

   Reported

   Rules Committee Resolution H. Res. 1049 Reported to House. The resolution provides for one hour of general debate on both H.R. 1635 and H.R. 4606. Also, the resolution provides for a motion to recommit with or without instructions for both bills.

   Source: Floor

5. 5 September 2018

   Passed

   Motion to reconsider laid on the table Agreed to without objection.

   Source: Floor

6. 5 September 2018

   Vote

   On passage Passed by the Yeas and Nays: 406 - 4 (Roll no. 385).

   Source: Floor

7. 5 September 2018

   Vote

   Passed/agreed to in House: On passage Passed by the Yeas and Nays: 406 - 4 (Roll no. 385).

   Source: Floor

8. 5 September 2018

   Vote

   On motion to recommit with instructions Failed by the Yeas and Nays: 187 - 224 (Roll no. 384).

   Source: Floor

9. 5 September 2018

   Floor

   The previous question on the motion to recommit with instructions was ordered without objection.

   Source: Floor

10. 5 September 2018

    Floor

    Mr. Lamb moved to recommit with instructions to the Committee on Education and the Workforce. (text: CR H7861)

    Source: Floor

11. 5 September 2018

    Floor

    The previous question was ordered pursuant to the rule.

    Source: Floor

12. 5 September 2018

    Floor

    The House rose from the Committee of the Whole House on the state of the Union to report H.R. 1635.

    Source: Floor

13. 5 September 2018

    Floor

    The resolution provides for one hour of general debate on both H.R. 1635 and H.R. 4606. Also, the resolution provides for a motion to recommit with or without instructions for both bills.

    Source: Floor

14. 5 September 2018

    Floor

    The Speaker designated the Honorable Harold Rogers to act as Chairman of the Committee.

    Source: Floor

15. 5 September 2018

    Floor

    House resolved itself into the Committee of the Whole House on the state of the Union pursuant to H. Res. 1049 and Rule XVIII.

    Source: Floor

16. 5 September 2018

    Reported

    Considered under the provisions of rule H. Res. 1049. (consideration: CR H7850-7861; text of measure as reported: CR H7853-7855)

    Source: Floor

17. 6 September 2018

    Introduced

    Received in the Senate and Read twice and referred to the Committee on Health, Education, Labor, and Pensions.

    Source: IntroReferral

Votes

Versions

• Referred in Senate · 6 September 2018 · Official file
• Engrossed in House · 5 September 2018 · Official file
• Introduced in House · 20 March 2017 · Official file

Documents

7 official files

• Referred in Senate (text)

  Referred in Senate · EN · 6 September 2018

  ViewDownloadOpen at official source

• Referred in Senate (PDF)

  Referred in Senate · EN · 6 September 2018

  ViewDownloadOpen at official source

• Engrossed in House (text)

  Engrossed in House · EN · 5 September 2018

  ViewDownloadOpen at official source

• Engrossed in House (PDF)

  Engrossed in House · EN · 5 September 2018

  ViewDownloadOpen at official source

• Introduced in House (text)

  Introduced in House · EN · 20 March 2017

  ViewDownloadOpen at official source

• Introduced in House (PDF)

  Introduced in House · EN · 20 March 2017

  ViewDownloadOpen at official source

• Introduced in House

  summary · EN · 20 March 2017

  Open at official source

Sponsors

• Brett Guthrie · R · Sponsor
• Rep. Bonamici, Suzanne [D-OR-1] · D · Sponsor
• Elise Stefanik · R · Cosponsor
• Rep. Allen, Rick W. [R-GA-12] · R · Cosponsor
• Katherine Clark · D · Cosponsor
• Todd Rokita · R · Cosponsor
• Richard Hudson · R · Cosponsor
• David Roe · R · Cosponsor
• Patrick Meehan · R · Cosponsor
• Luke Messer · R · Cosponsor
• Aumua Amata Radewagen · R · Cosponsor
• Rep. Walberg, Tim [R-MI-5] · R · Cosponsor
• David Valadao · R · Cosponsor
• Tom Cole · R · Cosponsor
• Larry Bucshon · R · Cosponsor
• Rep. DeSaulnier, Mark [D-CA-10] · D · Cosponsor
• Peter Roskam · R · Cosponsor
• Rep. Thompson, Glenn [R-PA-15] · R · Cosponsor
• Rep. Cleaver, Emanuel [D-MO-5] · D · Cosponsor
• Rep. Lieu, Ted [D-CA-36] · D · Cosponsor
• Rep. Carter, Earl L. "Buddy" [R-GA-1] · R · Cosponsor
• Pete Sessions · R · Cosponsor
• Carlos Curbelo · R · Cosponsor
• Ann Wagner · R · Cosponsor
• Kevin Yoder · R · Cosponsor
• · sshr00 · Standing
• · hsed00 · Standing

Related records

• related to ← Empowering Students Through Enhanced Financial Counseling Act
• related to ← PROSPER Act
• related to ← AID Act
• related to ← Providing for consideration of the bill (H.R. 1635) to amend the loan counseling requirements under the Higher Education Act of 1965, and for other purposes, and providing for consideration of the bill (H.R. 4606) to provide that applications under the Natural Gas Act for the importation or exportation of small volumes of natural gas shall be granted without modification or delay.
• related to ← Empowering Students Through Enhanced Financial Counseling Act