HBCU Capital Finance Debt Relief Act

H.R. 7380 · 116th Congress · Jun 26, 2020 · Lineage

A BILL

To cancel the obligation of historically black colleges and universities to repay certain capital financing loans, and for other purposes.

1. Short title

This Act may be cited as the “HBCU Capital Finance Debt Relief Act”.

2. Cancellation of debt under HBCU capital financing program

Not later than 30 days after the date of the enactment of this Act, the Secretary of Education shall cancel the obligation of each eligible institution (as defined in section 342 of the Higher Education Act of 1965 (20 U.S.C. 1066a)) to repay the balance of interest and principal due on each loan made under part D of title III of the Higher Education Act of 1965 (20 U.S.C. 1066 et seq.) before the date of the enactment of this Act.

Lineage

Jun 26, 2020viewing Introduced in House Ms. Adams (for herself, Ms. Johnson of Texas, Ms. Sewell of Alabama, Mr. Cooper, Mr. Thompson of Mississippi, Mr. Carson of Indiana, Ms. Lee of California, Mr. Bishop of Georgia, Mr. Hastings, Mr. Clay, and Ms. Norton) introduced the following bill; which was referred to the Committee on Education and Labor

HBCU Capital Finance Debt Relief Act

1. Short title

2. Cancellation of debt under HBCU capital financing program

Cite this provision

Incoming references