H.R. 4862: LOAN Act

Quick Facts:

Bill Sponsor: Rep. Bobby Scott (D-VA-3)

Congress: 119

Date Introduced: Aug. 1, 2025

Last Action: Referred to the Committee on Education and Workforce, and in addition to the Committee on the Budget, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned. (Aug. 1, 2025)

View on Congress.gov

LOAN Act

This bill grants Federal educational aid funds for so-called DREAMers, defined as inadmissible or deportable aliens with certain academic credentials, and any aliens that would have been eligible for President Obama-era memos creating Deferred Action for Childhood Arrivals in 2012 and the successor memo covering illegal alien parents of citizen children in 2014.

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