Transparency in Student Lending Act

[AI summary unavailable — showing source text] [Congressional Bills 118th Congress] [From the U.S. Government Publishing Office] [S. 4686 Introduced in Senate (IS)] <DOC> 118th CONGRESS 2d Session S. 4686 To amend the Higher Education Act of 1965 to require the disclosure of the annual percentage rates applicable to Federal student loans. _______________________________________________________________________ IN THE SENATE OF THE UNITED STATES July 11 (legislative day, July 10), 2024 Mr. Barrasso (for himself and Ms. Lummis) introduced the following bill; which was read twice and referred to the Committee on Health, Education, Labor, and Pensions _______________________________________________________________________ A BILL To amend the Higher Education Act of 1965 to require the disclosure of the annual percentage rates applicable to Federal student loans. Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled, SECTION 1. SHORT TITLE. This Act may be cited as the ``Transparency in Student Lending Act''. SEC. 2. REQUIRED DISCLOSURES. Section 455(p) of the Higher Education Act of 1965 (20 U.S.C. 1087e(p)) is amended-- (1) by striking ``Each institution'' and inserting…