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H.R. 4193: Student Loan Disclosure Transparency Act of 2019

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H.R. 4193: Student Loan Disclosure Transparency Act of 2019

116th Congress · introduced 2019-08-16 · Education · Latest: Referred to the House Committee on Education and Labor.

federal

Follow this bill, step by step

  1. Where it came from: introduced 2019-08-16 · official record
  2. Who proposed it: Rep. Shalala, Donna E. [D-FL-27] · what a sponsor is
  3. What happened next: no floor votes in our records yet. Why?
  4. Where it stands now: Referred to the House Committee on Education and Labor. Not final yet: this can still change. We check for updates every day.
  5. If it becomes law and spends money: follow the money to money laws, then agencies and contracts and grants.

What does this mean?

Official title

Student Loan Disclosure Transparency Act of 2019

Plain summary

Student Loan Disclosure Transparency Act of 2019 This bill requires a lender disbursing a loan that is insured or guaranteed by the federal government to make certain disclosures. Specifically, prior to disbursement, the lender making such loan must disclose the (1) principal amount, interest rate, and number of required monthly payments to be made on the loan; (2) estimated balance owed by the borrower; and (3) estimated aggregate amount the borrower will pay. Prior to repayment, the lender must disclose the projected total of interest charges that the borrower will pay on the loan, as well as projections of the borrower's monthly repayment amount. Lastly, the lender must disclose certain specified information monthly, including the (1) original principal amount of each of the borrower's loans, separately and in the aggregate; (2) current balance on each loan and on all loans in the aggregate; (3) interest rate on each loan and the total amount the borrower has paid in interest; and (4) a description of each fee the borrower has been charged for the preceding installment period. The Department of Education must obtain feedback from individuals and report on the usefulness and effectiveness of such disclosures.

Congressional Research Service summary (Introduced in House), quoted unchanged (nonpartisan). Read the source.

What a vote does

A “Yea” vote

If it passes both chambers and is signed, it becomes law.

A “Nay” vote

If it is not passed, current law stays as it is.

PSI Sci description of the legislative step (not an opinion).

What does this mean? (plain words)

Official text

Student Loan Disclosure Transparency Act of 2019

Source: Congressional Research Service summary (Introduced in House)

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The strongest published arguments

Arguments for (supporters)

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Arguments against (opponents)

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Alternatives

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How did my representative vote? · This bill's floor votes

Officials and money

Sponsor: Rep. Shalala, Donna E. [D-FL-27] · 44 cosponsors

Cost estimate: No cost estimate published yet.

Cosponsors on this site

Eleanor Holmes Norton (D-DC), Brian K. Fitzpatrick (R-PA), James P. McGovern (D-MA), Elissa Slotkin (D-MI), Julia Brownley (D-CA), Terri A. Sewell (D-AL), Greg Stanton (D-AZ), Mike Quigley (D-IL), Angie Craig (D-MN), John H. Rutherford (R-FL), Jamie Raskin (D-MD), Mario Diaz-Balart (R-FL), Josh Harder (D-CA), Darren Soto (D-FL), Jason Crow (D-CO), Haley M. Stevens (D-MI), Ted Lieu (D-CA), Henry Cuellar (D-TX), Bennie G. Thompson (D-MS), Dan Crenshaw (R-TX), Pete Stauber (R-MN), Kim Schrier (D-WA)

No linked floor roll calls in our collected records yet. This does not mean the bill has never had a vote. Check the official bill history.

Words on this page, explained (1)
Bill
A proposed law. It becomes law only if it passes the legislature and is signed by the president or governor (or a veto is overridden).

Plain meanings written from linked sources. All words.

Sources

Record fed-us-cong116-hr4193 · catalog fed-us-congress-bills-cong116 · updated 2026-11-15 by psicol fed-bills-cong116