House Bill 4851
116th Congress(2019-2020)
State Workforce Incentive Act
Introduced
Introduced in House on Oct 23, 2019
Origin Chamber
House
Type
Bill
Bill
The primary form of legislative measure used to propose law. Depending on the chamber of origin, bills begin with a designation of either H.R. or S. Joint resolution is another form of legislative measure used to propose law.
Bill Number
4851
Congress
116
Policy Area
Education
Education
Primary focus of measure is elementary, secondary, or higher education including special education and matters of academic performance, school administration, teaching, educational costs, and student aid.
No House votes have been held for this bill.
Summary
State Workforce Incentive Act
This bill establishes a state-directed program of loan repayment credits to replace the public service loan forgiveness program.
Specifically, the bill provides each state with an annual allotment of loan repayment credits, and it tasks states with determining the occupations for which a borrower shall be able to receive such credits (i.e., occupations that fill state-specific workforce and public service needs). Upon a determination that a borrower has met certain requirements, the Department of Education shall cancel an amount of the borrower's outstanding balance on their federal student loans that is equal to the amount of credits allocated to the borrower by their state under this program.
October 23, 2019
10/23/2019
Referred to the House Committee on Education and Labor.
10/23/2019
Introduced in House
Public Record
Record Updated
Nov 1, 2022 4:17:44 AM