Selected Reserve Education Loan Repayment Program Enhancement Act

[Congressional Bills 116th Congress]
[From the U.S. Government Publishing Office]
[H.R. 7424 Introduced in House (IH)]

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116th CONGRESS
  2d Session
                                H. R. 7424

To amend title 10, United States Code, to increase the amount which may 
  be paid to members of the Selected Reserve under the education loan 
               repayment program, and for other purposes.


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                    IN THE HOUSE OF REPRESENTATIVES

                             June 30, 2020

Ms. Haaland (for herself, Mrs. Bustos, and Mr. Palazzo) introduced the 
 following bill; which was referred to the Committee on Armed Services

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                                 A BILL


 
To amend title 10, United States Code, to increase the amount which may 
  be paid to members of the Selected Reserve under the education loan 
               repayment program, and for other purposes.

    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 ``Selected Reserve Education Loan 
Repayment Program Enhancement Act''.

SEC. 2. MODIFICATION OF EDUCATION LOAN REPAYMENT PROGRAM FOR MEMBERS OF 
              SELECTED RESERVE.

    (a) Modification of Maximum Repayment Amount.--Section 16301(b) of 
title 10, United States Code, is amended by striking ``15 percent or 
$500'' and inserting ``20 percent or $1,000''.
    (b) Effective Date and Applicability.--The amendment made by 
subsection (a) shall take effect on the date of the enactment of this 
Act and shall apply with respect to loan repayment under section 16301 
of title 10, United States Code, for eligible years of service 
completed on or after the date of the enactment of this Act.
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