Pay Back Act
HR 4742, the Pay Back Act, prohibits federal agencies from canceling or modifying student loans without new congressional approval. It directly affects borrowers with federal student loans covered under the Higher Education Act of 1965 or the Health Education Assistance Loan Program. The bill blocks the Secretary of Education, Treasury, or Attorney General from forgiving balances or changing loan terms, except as authorized by a new law passed after the bill's enactment. This requires Congress to explicitly pass new legislation for any future loan forgiveness or modification.
Bill status
in committee
1 of 4 stages cleared
Introduction
Jul 2023
Committee Review
Floor Vote
President
Introduced Jul 19, 2023
Last action Jul 21, 2023
Floor votes
How they voted
No floor votes recorded yet.
Full legislative history
Actions timeline
Total actions
3
Key actions
0
Committee
2
Jul 21, 2023
Committee
Referred to the Subcommittee on Health.
lower
Jul 19, 2023
Committee
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.
lower
Jul 19, 2023
Introduced
Introduced in House
lower
1 primary · 1 co-sponsor
Sponsors
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