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United States · Bill · HR

H.R. 890 (110th)

Student Loan Sunshine Act

referredUnited States· United States Congress· EN

Introduced

7 February 2007

Last action

5 June 2007 · Referred

Status

Referred to the Subcommittee on Higher Education, Lifelong Learning, and Competitiveness.

Sponsors

Rep. Miller, George [D-CA-11], Rep. Hinojosa, Ruben [D-TX-15], Rep. Bishop, Timothy H. [D-NY-1], Rep. Courtney, Joe [D-CT-2], Rep. Yarmuth, John A. [D-KY-3], Rep. Tierney, John F. [D-MA-6], Rep. Davis, Susan A. [D-CA-53], Rep. Grijalva, Raúl M. [D-AZ-7], Rep. Davis, Danny K. [D-IL-7], Rep. Michaud, Michael H. [D-ME-2], Rep. McDermott, Jim [D-WA-7], Rep. Matsui, Doris O. [D-CA-7], Sen. Van Hollen, Chris [D-MD], Sen. Hirono, Mazie K. [D-HI], Rep. Sánchez, Linda T. [D-CA-38], Rep. Hare, Phil [D-IL-17], Rep. Capuano, Michael E. [D-MA-8], Rep. Woolsey, Lynn C. [D-CA-6], Rep. Castor, Kathy [D-FL-14], Rep. Watson, Diane E. [D-CA-33], Rep. Kucinich, Dennis J. [D-OH-10], Rep. Kind, Ron [D-WI-3], Rep. Green, Al [D-TX-9], Rep. Farr, Sam [D-CA-20], Rep. Schakowsky, Janice D. [D-IL-9], Rep. Nadler, Jerrold [D-NY-12], Rep. Murphy, Patrick J. [D-PA-8], Sen. Markey, Edward J. [D-MA], Sen. Schiff, Adam B. [D-CA], Rep. Cleaver, Emanuel [D-MO-5], Rep. McCarthy, Carolyn [D-NY-4], Rep. Emanuel, Rahm [D-IL-5], Rep. Waxman, Henry A. [D-CA-33], Rep. Sestak, Joe [D-PA-7], Rep. Andrews, Robert E. [D-NJ-1], Rep. Hastings, Alcee L. [D-FL-20], Rep. McCotter, Thaddeus G. [R-MI-11], Rep. Blumenauer, Earl [D-OR-3], Rep. Payne, Donald M. [D-NJ-10], Rep. Holt, Rush [D-NJ-12], Rep. Altmire, Jason [D-PA-4], Rep. Scott, Robert C. "Bobby" [D-VA-3], Rep. Shea-Porter, Carol [D-NH-1], Rep. Sarbanes, John P. [D-MD-3], Rep. Kildee, Dale E. [D-MI-5], Rep. Clarke, Yvette D. [D-NY-9]

Subjects

Education

Source updated

23 March 2026

Education

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Summary

Student Loan Sunshine Act - Amends the Higher Education Act of 1965 to require each lender entering into an educational loan arrangement with a postsecondary school to: (1) report annually to the Secretary of Education specified information concerning such arrangement; (2) inform borrowers of their loan options under title IV (Student Assistance) before extending private educational loans for attendance at such school; and (3) be barred by such school from marketing such loans in a manner implying the school's endorsement. Directs the Secretary to report to specified congressional committees on the adequacy of educational loan information provided to borrowers, including a model format for lender use in providing annual loan information to the Secretary and covered schools. Requires any school that provides prospective borrowers with private educational loan information to: (1) include information on their title IV assistance eligibility; and (2) compare and distinguish private loans from title IV loans. Bars lenders or guarantors of educational loans from offering gifts to school employees or agents. Directs the Comptroller General to study the effect loan arrangements and lender inducements to schools have on loan terms. Imposes conditions on school maintenance of preferred lender lists, requiring that lenders be listed on the basis of the benefits they provide borrowers. Amends the Truth in Lending Act to require lenders of private educational loans to provide specified information to prospective borrowers and, if the loan equals or exceeds $1,000, notify the relevant school of the proposed loan. Requires such schools to notify the prospective borrower whether and to what extent such loan exceeds the student's attendance costs, after considering other assistance the student has or is eligible to receive.

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

Timeline

  1. 7 February 2007

    Introduced

    Referred to the Committee on Education and Labor, and in addition to the Committee on Financial Services, 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.

    Source: IntroReferral

  2. 7 February 2007

    Introduced

    Referred to the Committee on Education and Labor, and in addition to the Committee on Financial Services, 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.

    Source: IntroReferral

  3. 7 February 2007

    Introduced

    Sponsor introductory remarks on measure. (CR E290-291)

    Source: IntroReferral

  4. 7 February 2007

    Introduced

    Introduced in House

    Source: IntroReferral

  5. 7 February 2007

    Introduced

    Introduced in House

    Source: IntroReferral

  6. 12 April 2007

    Referred

    Referred to the Subcommittee on Financial Institutions and Consumer Credit.

    Source: Committee

  7. 9 May 2007

    Floor

    Mr. Miller, George moved to suspend the rules and pass the bill, as amended.

    Source: Floor

  8. 9 May 2007

    Passed

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

    Source: Floor

  9. 9 May 2007

    Vote

    On motion to suspend the rules and pass the bill, as amended Agreed to by the Yeas and Nays: (2/3 required): 414 - 3 (Roll no. 313). (text: CR H4634-4637)

    Source: Floor

  10. 9 May 2007

    Vote

    Passed/agreed to in House: On motion to suspend the rules and pass the bill, as amended Agreed to by the Yeas and Nays: (2/3 required): 414 - 3 (Roll no. 313).(text: CR H4634-4637)

    Source: Floor

  11. 9 May 2007

    Floor

    Considered under suspension of the rules. (consideration: CR H4634-4642)

    Source: Floor

  12. 9 May 2007

    Vote

    At the conclusion of debate, the Yeas and Nays were demanded and ordered. Pursuant to the provisions of clause 8, rule XX, the Chair announced that further proceedings on the motion would be postponed.

    Source: Floor

  13. 9 May 2007

    Floor

    DEBATE - The House proceeded with forty minutes of debate on H.R. 890.

    Source: Floor

  14. 10 May 2007

    Introduced

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

    Source: IntroReferral

  15. 5 June 2007

    Referred

    Referred to the Subcommittee on Higher Education, Lifelong Learning, and Competitiveness.

    Source: Committee

Votes

No vote records are attached yet.

Versions

Documents

8 official files

Referred in Senate (text)

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  • Referred in Senate (text)

    Referred in Senate · EN · 10 May 2007

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  • Referred in Senate (PDF)

    Referred in Senate · EN · 10 May 2007

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  • Engrossed in House (text)

    Engrossed in House · EN · 9 May 2007

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  • Engrossed in House (PDF)

    Engrossed in House · EN · 9 May 2007

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  • Passed House amended

    summary · EN · 9 May 2007

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  • Introduced in House (text)

    Introduced in House · EN · 7 February 2007

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  • Introduced in House (PDF)

    Introduced in House · EN · 7 February 2007

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  • Introduced in House

    summary · EN · 7 February 2007

    Open at official source

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Sponsors

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Sources

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