US HR6397

Bill

US HR6397

Coronavirus Emergency Student Loan Refinancing Act

Introduced
03/26/2020

In Committee
03/26/2020

Crossed Over

Passed

Dead
12/31/2020

Introduced Session

116th Congress

Bill Summary

A BILL To amend the Higher Education Act of 1965 to provide for the refinancing of certain Federal student loans, and for other purposes. 1

AI Summary

This bill, the Coronavirus Emergency Student Loan Refinancing Act, would amend the Higher Education Act of 1965 to allow the Secretary of Education to establish a program to refinance certain federal student loans, including Federal Direct Loans and loans made under the Federal Family Education Loan (FFEL) program, at lower interest rates. The bill also establishes a program to allow borrowers with eligible private student loans to refinance those loans into a new Federal Direct Refinanced Private Loan at a fixed interest rate. The bill includes provisions to ensure access to refinancing for borrowers with the greatest financial need and to provide notification to borrowers about the availability of these refinancing options.

Committee Categories

Education

Sponsors (61)

Joe Courtney (D)*, Karen Bass (D), Earl Blumenauer (D), Anthony Brown (D), Tony Cárdenas (D), André Carson (D), Kathy Castor (D), Joaquin Castro (D), David Cicilline (D), Gil Cisneros (D), Steve Cohen (D), Jason Crow (D), Peter DeFazio (D), Rosa DeLauro (D), Suzan DelBene (D), Debbie Dingell (D), Michael Doyle (D), Veronica Escobar (D), Anna Eshoo (D), Bill Foster (D), Chuy García (D), Raúl Grijalva (D), Debra Haaland (D), Alcee Hastings (D), Jahana Hayes (D), Jim Himes (D), Marcy Kaptur (D), Derek Kilmer (D), Ann Kuster (D), John Larson (D), Barbara Lee (D), Ben Ray Luján (D), Stephen Lynch (D), Doris Matsui (D), Jim McGovern (D), Jerry McNerney (D), Grace Napolitano (D), Eleanor Holmes Norton (D), Donald Payne (D), Ed Perlmutter (D), Scott Peters (D), Collin Peterson (D), Dean Phillips (D), Chellie Pingree (D), Max Rose (D), Bobby Rush (D), Tim Ryan (D), Linda Sánchez (D), Jan Schakowsky (D), David Scott (D), Terri Sewell (D), Elissa Slotkin (D), Darren Soto (D), Greg Stanton (D), Eric Swalwell (D), Mark Takano (D), Lori Trahan (D), Peter Welch (D), Susan Wild (D), Frederica Wilson (D), John Yarmuth (D),

Last Action

Referred to the House Committee on Education and Labor. (on 03/26/2020)

Official Document

https://www.congress.gov/bill/116th-congress/house-bill/6397/all-info

(5 Companion Bills)

Version:

Document Type	Source Location
State Bill Page	https://www.congress.gov/bill/116th-congress/house-bill/6397/all-info
BillText	https://www.congress.gov/116/bills/hr6397/BILLS-116hr6397ih.pdf
Bill	https://www.congress.gov/116/bills/hr6397/BILLS-116hr6397ih.pdf.pdf

Bill	Bill Name	Last Action	Type
HR1707	Bank on Students Emergency Loan Refinancing Act	Referred to the Committee on Education and Labor, and in addition to the Committees on Ways and Means, and 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.	Related
HR3102	HIGHER ED Act Helping Individuals Get a Higher Education while Reducing Education Debt Act	Referred to the Subcommittee on Antitrust, Commercial, and Administrative Law.	Related
HR4674	College Affordability Act	Placed on the Union Calendar, Calendar No. 583.	Related
S1845	If It's Good Enough For the Banks, It's Good Enough For Students Act	Read twice and referred to the Committee on Health, Education, Labor, and Pensions.	Similar To
S768	Bank on Students Emergency Loan Refinancing Act	Read twice and referred to the Committee on Finance.	Related

Bill > HR6397

summary

Introduced Session

Bill Summary

AI Summary

Committee Categories

Sponsors (61)

Last Action

Official Document

bill text

bill summary

bill summary

bill summary