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Bill

A 639

Relates to requiring new employees to be provided certain information relating to student loan repayment information

2025 Regular Session Introduced by Chris Burdick and 11 co-sponsors

Bill A 639 requires employers to provide new hires with essential student loan repayment information, empowering them to manage their debts effectively from day one.

PRINT NUMBER 639A
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Bill Summary · A 639

Summary of Bill A 639

Bill Information

  • Bill Number: A 639
  • Title: Relates to requiring new employees to be provided certain information relating to student loan repayment information
  • Status: PRINT NUMBER 639A
  • Introduced: January 08, 2025
  • Classification: Bill

Purpose and Intent

Bill A 639 aims to enhance transparency and support for new employees regarding their student loan repayment options. The legislation seeks to ensure that individuals entering the workforce are adequately informed about available resources and programs that can assist them in managing their student loan debts.

Key Provisions

  • Information Requirement: The bill mandates that employers provide new employees with specific information related to student loan repayment options. This includes details about federal and state repayment programs, loan forgiveness opportunities, and any employer-sponsored assistance programs.
  • Timing of Information Delivery: Employers are required to furnish this information at the time of hiring, ensuring that new employees have access to critical financial information from the outset of their employment.

Affected Parties

  • New Employees: Individuals who are newly hired will benefit from receiving essential information that can aid in their financial planning and management of student loans.
  • Employers: Businesses will need to adapt their onboarding processes to comply with the new requirements, which may involve creating or updating informational materials related to student loan repayment.

Legislative Actions

  • 2025-01-08: Bill referred to the Banks Committee for consideration.
  • 2025-02-26: The bill was amended and recommitted to the Banks Committee, followed by the printing of the updated version (639A).

Related Bills

  • A 7918: A prior-session bill that may have addressed similar issues.
  • A 3495: Another prior-session bill relevant to student loan policies.
  • A 1873: A prior-session bill that could be connected to employee rights or financial education.
  • S 1673: A companion bill in the Senate that may parallel the provisions of A 639.

Conclusion

Bill A 639 represents a proactive approach to addressing the challenges faced by new employees regarding student loan debt. By mandating that employers provide crucial repayment information, the bill aims to empower individuals with the knowledge needed to navigate their financial obligations effectively. The ongoing legislative process will determine the final form and implementation of this bill.

Compiled from official sources — confirm details with the bill’s official record.

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