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Federal Student Loan Integrity Act

Source: Congress.gov  ·  820 words in original text
This bill stops the Secretary of Education from using emergency powers to create new rules about federal student loans in connection with the COVID-19 emergency declared on March 13, 2020. The bill aims to prevent what Congress believes is improper use of the HEROES Act (a law that gives the Secretary special powers during emergencies) to help student loan borrowers beyond what Congress originally intended.
The Secretary of Education. Federal student loan borrowers. Taxpayers funding federal student loan programs.
The Secretary of Education cannot use emergency powers to issue new rules, change existing rules, or extend rules about federal student loans under the COVID-19 emergency declaration (Sec. 3). Any rule changes the Secretary makes must not last longer than 30 days if they pause loan payments or stop interest from building up on federal student loans (Sec. 4). The Secretary cannot use emergency powers to forgive or cancel student loan debt (Sec. 4).
The Secretary's authority to modify federal student loan rules in response to the COVID-19 emergency would be restricted. The Secretary would lose power to extend loan payment freezes (pauses on payments) beyond 30 days. The Secretary could not forgive student loan debt using emergency powers.
None defined in the bill text.
Important: This plain English summary was generated by AI and is provided for informational purposes only. It is not legal advice. Always consult the official bill text on Congress.gov or a qualified attorney for legal matters.