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Bonamici Introduces SIMPLE Act to Auto-Enroll Delinquent Borrowers

By Drooid · Sep 15, 2026, 3:21 AM UTC · How we work

Summary

Story summary

Rep. Suzanne Bonamici introduced the SIMPLE Act to enroll delinquent borrowers in income-driven repayment plans.
Borrowers 75 days delinquent are auto-enrolled using IRS data.
The bill eliminates annual paperwork for IDR participants and uses taxpayer data to verify eligibility.
As of March, about 13% of borrowers—9 million—have defaulted, owing roughly $220 billion.
Finance expert Michael Ryan says the SIMPLE Act’s standalone passage is unlikely without Republican sponsors.

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Story summary

Rep. Suzanne Bonamici introduced the SIMPLE Act to enroll delinquent borrowers in income-driven repayment plans.
Borrowers 75 days delinquent are auto-enrolled using IRS data.
The bill eliminates annual paperwork for IDR participants and uses taxpayer data to verify eligibility.
As of March, about 13% of borrowers—9 million—have defaulted, owing roughly $220 billion.
Finance expert Michael Ryan says the SIMPLE Act’s standalone passage is unlikely without Republican sponsors.