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Bank on Students Emergency Loan Refinancing Act

Introduced: May 16, 2019 Introduced by: Courtney, Joe Democratic · Connecticut See on congress.gov
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This bill died when the 116th Congress ended
It never became law before the 116th Congress (2019–2020) 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
Mar 13, 2019
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.
Mar 13, 2019
Introduced in House
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 Plain-English summary Congressional Research Service

Bank on Students Emergency Loan Refinancing Act

This bill revises requirements concerning student loan debt. 

Specifically, the bill establishes a program that allows eligible individuals with federal or private student loans to refinance them down to the lower rates offered to new federal borrowers in the 2016-2017 school year under certain circumstances.

In addition, the bill requires 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 (commonly known as the tentative fair share tax).

What's happening now March 13, 2019

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 & companion bills 4
  • S 1845 Related bill If It's Good Enough For the Banks, It's Good Enough For Students Act
  • HR 6397 Related bill Coronavirus Emergency Student Loan Refinancing Act
  • HR 7863 Related bill Paying a Fair Share Act of 2019
  • S 768 Identical bill Bank on Students Emergency Loan Refinancing Act
 Bill text 1 version

Source documents hosted by congress.gov.

 Committees of jurisdiction 3
 Cosponsors 83
All 83 Democratic 48
RYAN, TIM
· Mar 10, 2020
 D
Suozzi, Thomas R.
New York · Jan 16, 2020
 D
Lieu, Ted
California · Nov 14, 2019
 D
Escobar, Veronica
Texas · Oct 28, 2019
KIND, RON
· Sep 20, 2019
 D
Carbajal, Salud O.
California · Sep 17, 2019
Levin, Andy
· Sep 17, 2019
 D
Dean, Madeleine
Pennsylvania · Sep 11, 2019
 D
Slotkin, Elissa
Michigan · Aug 6, 2019
Heck, Denny
· Jul 11, 2019
 D
DelBene, Suzan K.
Washington · Jun 18, 2019
Yarmuth, John
· Jun 10, 2019
Bass, Karen
· May 16, 2019
ENGEL, ELIOT
· May 16, 2019
MALONEY, CAROLYN
· Apr 30, 2019
 D
Doggett, Lloyd
Texas · Apr 29, 2019
 D
Lee, Susie
Nevada · Apr 29, 2019
 D
Kaptur, Marcy
Ohio · Apr 15, 2019
Lamb, Conor
· Apr 15, 2019
 D
Quigley, Mike
Illinois · Apr 15, 2019
 D
Casten, Sean
Illinois · Mar 25, 2019
Kuster, Ann
· Mar 25, 2019
 D
McGovern, James P.
Massachusetts · Mar 25, 2019
Wexton, Jennifer
· Mar 25, 2019
Blumenauer, Earl
· Mar 18, 2019
 D
García, Jesús G. "Chuy"
Illinois · Mar 18, 2019
LANGEVIN, JAMES
· Mar 18, 2019
 D
Swalwell, Eric
California · Mar 18, 2019
 D
Aguilar, Pete
California · Mar 13, 2019
 D
Bonamici, Suzanne
Oregon · Mar 13, 2019
 D
Boyle, Brendan F.
Pennsylvania · Mar 13, 2019
Brown, Anthony
· Mar 13, 2019
Cárdenas, Tony
· Mar 13, 2019
 D
Castor, Kathy
Florida · Mar 13, 2019
Cicilline, David
· Mar 13, 2019
 D
Cisneros, Gilbert Ray
California · Mar 13, 2019
 D
Cohen, Steve
Tennessee · Mar 13, 2019
DAVIS, SUSAN
· Mar 13, 2019
 D
DeGette, Diana
Colorado · Mar 13, 2019
 D
DeLauro, Rosa L.
Connecticut · Mar 13, 2019
 D
Dingell, Debbie
Michigan · Mar 13, 2019
Eshoo, Anna
· Mar 13, 2019
 D
Foster, Bill
Illinois · Mar 13, 2019
 D
Gonzalez, Vicente
Texas · Mar 13, 2019
 D
Grijalva, Raúl M.
Arizona · Mar 13, 2019
 D
Hayes, Jahana
Connecticut · Mar 13, 2019
 D
Himes, James A.
Connecticut · Mar 13, 2019
Jackson Lee, Sheila
· Mar 13, 2019
 D
Jayapal, Pramila
Washington · Mar 13, 2019
 D
Keating, William R.
Massachusetts · Mar 13, 2019
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Cite this page click to expand
APA
U.S. Congress. (2026). H.R. 1707: Bank on Students Emergency Loan Refinancing Act. 116th Congress. Open America. https://openamerica.io/bill/116-HR-1707/
MLA
"H.R. 1707: Bank on Students Emergency Loan Refinancing Act." 116th Congress, 2026, Open America, https://openamerica.io/bill/116-HR-1707/.
Bluebook (legal)
H.R. 1707, 116th Cong. (2026), https://openamerica.io/bill/116-HR-1707/.
Markdown link
[H.R. 1707: Bank on Students Emergency Loan Refinancing Act](https://openamerica.io/bill/116-HR-1707/)
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