H.R. 7380 — Introduced in House

I 116th CONGRESS 2d Session H. R. 7380 IN THE HOUSE OF REPRESENTATIVES June 26, 2020Ms. 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 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.