119-hr4555

[Congressional Bills 119th Congress]
[From the U.S. Government Publishing Office]
[H.R. 4555 Introduced in House

    (IH) ]

<DOC>

119th CONGRESS
 1st Session
 H. R. 4555

 To amend the Higher Education Act of 1965 to rename master promissory 
 notes for loans made under part D of title IV of such Act to student 
 loan contracts.

_______________________________________________________________________

 IN THE HOUSE OF REPRESENTATIVES

 July 21, 2025

Ms. Underwood (for herself, Ms. Adams, Mr. Davis of North Carolina, Mr. 
 Jackson of Illinois, Mr. Davis of Illinois, and Mr. Thanedar) 
 introduced the following bill; which was referred to the Committee on 
 Education and Workforce

_______________________________________________________________________

 A BILL

 To amend the Higher Education Act of 1965 to rename master promissory 
 notes for loans made under part D of title IV of such Act to student 
 loan contracts.

 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 ``Student Loan Contract Act of 2025''.

SEC. 2. STUDENT LOAN CONTRACT AND LOAN DISCLOSURES.

    (a) Student Loan Contract.--

Section 432
            (m) (1)
            (D) of the Higher 
Education Act of 1965 (20 U.S.C. 1082
            (m) (1)
            (D) ) is amended by adding at 
the end the following:
 ``
            (iv) Student loan contract.--
 ``
            (I) In general.--Any master 
 promissory note form described in this 
 subparagraph that is developed or used 
 for loans made under part D for periods 
 of enrollment beginning on or after the 
 date of enactment of the Student Loan 
 Contract Act of 2025 shall be referred 
 to as a `student loan contract'.
 ``
            (II) Clarification on use.--A 
 student loan contract for loans made 
 under part D for a student shall only 
 be used with respect to loans made 
 under part D for the periods of 
 enrollment that are in the same award 
 year for which the initial loans for 
 which the contract is used were 
 made.''.

    (b) Conforming Amendments.--

Section 485
            (l) (2)
        (B) of the Higher 
Education Act of 1965 (20 U.S.C. 1092
            (l) (2)
        (B) ) is amended by inserting 
before the period at the end the following: ``or the student loan 
contract''.
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