Codifying SAVE Plan Act

Bill: 118-s-4058
Sponsor: full_name: Sen. Merkley, Jeff [D-OR]
Introduced: 2024-03-22
Policy area: Education
Latest action: action_date: 2024-03-22
text: Read twice and referred to the Committee on Health, Education, Labor, and Pensions.

Summaries:
action_date: 2024-03-22
action_desc: Introduced in Senate
text: <p><strong>Codifying SAVE Plan Act</strong></p><p>This bill provides statutory authority for a Department of Education final rule published on July 10, 2023, that creates a new income-driven repayment plan called the Saving on a Valuable Education (SAVE) plan.</p>

tv_txt: II 118th CONGRESS 2d Session S. 4058 IN THE SENATE OF THE UNITED STATES March 22, 2024 Mr. Merkley (for himself, Mr. Booker , Mr. Casey , Mrs. Gillibrand , Mr. Wyden , Ms. Stabenow , Mr. Blumenthal , Mr. Welch , Ms. Hirono , Ms. Duckworth , Ms. Butler , Ms. Smith , Mr. Van Hollen , and Mr. Padilla ) introduced the following bill; which was read twice and referred to the Committee on Health, Education, Labor, and Pensions A BILL To require that the regulations related to SAVE Plan shall have the force and effect of enacted law.

1. Short title This Act may be cited as the Codifying SAVE Plan Act . 2. Codifying the SAVE Plan The provisions of parts 682 and 685 of title 34, Code of Federal Regulations, (relating to the SAVE Plan), as amended by the final regulations published by the Department of Education in the Federal Register on July 10, 2023 (88 Fed. Reg. 43820), shall have the force and effect of enacted law.