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H.R. 2477 115th Congress House

Bank on Students Emergency Loan Refinancing Act

Official title: To amend the Higher Education Act of 1965 to provide for the refinancing of certain Federal student loans, and for other purposes.

Introduced: May 17, 2017 Introduced by: Joe Courtney Democratic · Connecticut See on congress.gov
Education Budget deficits and national debtGovernment lending and loan guaranteesHigher educationIncome tax deductions
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Income tax ratesInflation and pricesInterest, dividends, interest ratesSocial work, volunteer service, charitable organizationsStudent aid and college costsUser charges and fees
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This bill died when the 115th Congress ended
It never became law before the 115th Congress (2017–2018) adjourned, and bills don't carry over to the next Congress. It would have to be reintroduced. You can still save it for reference, but it won't receive updates.
 Everywhere this bill has been 2 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
May 17, 2017
Referred to the Committee on Education and the Workforce, 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.
May 17, 2017
Introduced in House
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 Latest action May 17, 2017

Referred to the Committee on Education and the Workforce, 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.

 Plain-English summary Congressional Research Service

Bank on Students Emergency Loan Refinancing Act

This bill amends title IV (Student Assistance) of the Higher Education Act of 1965 to establish a program that allows eligible students with loans under the Federal Direct Loan program (a Federal Direct Stafford Loan, a Federal Direct Unsubsidized Stafford Loan, a Federal Direct PLUS Loan, or a Federal Direct Consolidation Loan) to refinance their loans down to the lower rates offered to new federal borrowers in the 2016-2017 school year under certain circumstances.

In addition, the bill allows student borrowers to refinance their private loans into the Federal Direct Loan program.

This bill amends the Internal Revenue Code to require an individual taxpayer whose adjusted gross income exceeds $1 million to pay a minimum tax rate of 30% of the excess of the taxpayer's adjusted gross income over the taxpayer's modified charitable contribution deduction for the taxable year (tentative fair share tax).

 Related & companion bills 9
  • HR 1707 Reintroduced Bill Bank on Students Emergency Loan Refinancing Act
  • HR 1434 Reintroduction of Bank on Students Emergency Loan Refinancing Act
  • HR 2159 Paying a Fair Share Act of 2017
  • S 955 Paying a Fair Share Act of 2017
  • S 1521 Student Loan Relief Act of 2017
  • HR 4001 Student Loan Refinancing and Recalculation Act
  • HR 3390 Student Loan Relief Act of 2017
  • HR 5549 HIGHER ED Act
  • S 1162 Bank on Students Emergency Loan Refinancing Act
 Bill text 1 version

Source documents hosted by congress.gov.

 Committees of jurisdiction 3
 Cosponsors 137
All 137 Democratic 72
D
Smith, Adam
Washington · Jul 17, 2018
 D
Quigley, Mike
Illinois · Jun 25, 2018
McEachin, A.
· Apr 18, 2018
Schrader, Kurt
· Mar 5, 2018
Polis, Jared
· Jan 17, 2018
 D
Green, Al
Texas · Nov 16, 2017
 D
McCollum, Betty
Minnesota · Jul 28, 2017
Bordallo, Madeleine
· Jul 27, 2017
 D
Frankel, Lois
Florida · Jul 27, 2017
 D
Gomez, Jimmy
California · Jul 27, 2017
 D
Larsen, Rick
Washington · Jul 27, 2017
 D
Himes, James A.
Connecticut · May 24, 2017
Brown, Anthony
· May 22, 2017
 D
Kelly, Robin L.
Illinois · May 22, 2017
 D
Adams, Alma S.
North Carolina · May 17, 2017
 D
Aguilar, Pete
California · May 17, 2017
 D
Barragán, Nanette Diaz
California · May 17, 2017
Bass, Karen
· May 17, 2017
 D
Beyer, Donald S.
Virginia · May 17, 2017
Blumenauer, Earl
· May 17, 2017
 D
Bonamici, Suzanne
Oregon · May 17, 2017
 D
Boyle, Brendan F.
Pennsylvania · May 17, 2017
BRADY, ROBERT
· May 17, 2017
 D
Brownley, Julia
California · May 17, 2017
Bustos, Cheri
· May 17, 2017
CAPUANO, MICHAEL
· May 17, 2017
 D
Carbajal, Salud O.
California · May 17, 2017
Cárdenas, Tony
· May 17, 2017
 D
Carson, André
Indiana · May 17, 2017
Cartwright, Matt
· May 17, 2017
 D
Castor, Kathy
Florida · May 17, 2017
 D
Chu, Judy
California · May 17, 2017
Cicilline, David
· May 17, 2017
 D
Clark, Katherine M.
Massachusetts · May 17, 2017
 D
Clarke, Yvette D.
New York · May 17, 2017
 D
Cleaver, Emanuel
Missouri · May 17, 2017
 D
Cohen, Steve
Tennessee · May 17, 2017
 D
Connolly, Gerald E.
Virginia · May 17, 2017
CONYERS, JOHN
· May 17, 2017
 D
Correa, J. Luis
California · May 17, 2017
CUMMINGS, ELIJAH
· May 17, 2017
DAVIS, SUSAN
· May 17, 2017
DEFAZIO, PETER
· May 17, 2017
 D
DeGette, Diana
Colorado · May 17, 2017
Delaney, John
· May 17, 2017
 D
DeLauro, Rosa L.
Connecticut · May 17, 2017
 D
DelBene, Suzan K.
Washington · May 17, 2017
 D
DeSaulnier, Mark
California · May 17, 2017
 D
Dingell, Debbie
Michigan · May 17, 2017
 D
Doggett, Lloyd
Texas · May 17, 2017
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APA
U.S. Congress. (2026). H.R. 2477: Bank on Students Emergency Loan Refinancing Act. 115th Congress. Open America. https://openamerica.io/bill/115-HR-2477/
MLA
"H.R. 2477: Bank on Students Emergency Loan Refinancing Act." 115th Congress, 2026, Open America, https://openamerica.io/bill/115-HR-2477/.
Bluebook (legal)
H.R. 2477, 115th Cong. (2026), https://openamerica.io/bill/115-HR-2477/.
Markdown link
[H.R. 2477: Bank on Students Emergency Loan Refinancing Act](https://openamerica.io/bill/115-HR-2477/)
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