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HR 6397 116th Congress House Education Education programs funding Government information and archives Government lending and loan guarantees Higher education Interest, dividends, interest rates Student aid and college costs

Coronavirus Emergency Student Loan Refinancing Act

Introduced: March 26, 2020 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 26, 2020
Referred to the House Committee on Education and Labor.
Mar 26, 2020
Introduced in House
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 Plain-English summary Congressional Research Service

Coronavirus Emergency Student Loan Refinancing Act

This bill establishes refinancing programs for federal and private student loans.

Specifically, the bill establishes a program that allows qualified borrowers to refinance their federal student loans down to lower interest rates. Such refinanced interest rates are (1) calculated based on the type of student loan (e.g., Stafford), and (2) fixed for the period of the loan.

In addition, the bill creates the Federal Direct Refinanced Private Loan as a new type of loan. Such loans allow qualified borrowers to refinance their private education loans.

What's happening now March 26, 2020

Referred to the House Committee on Education and Labor.

 Related & companion bills 5
  • HR 1707 Related bill Bank on Students Emergency Loan Refinancing Act
  • HR 3102 Related bill HIGHER ED Act
  • HR 4674 Related bill College Affordability Act
  • S 768 Related bill Bank on Students Emergency Loan Refinancing Act
  • S 1845 Related bill If It's Good Enough For the Banks, It's Good Enough For Students Act
 Bill text 1 version

Source documents hosted by congress.gov.

 Committees of jurisdiction 1
 Cosponsors 49
All 49 Democratic 33
D
Castor, Kathy
Florida · Apr 10, 2020
Eshoo, Anna
· Apr 10, 2020
 D
Luján, Ben Ray
New Mexico · Apr 10, 2020
 D
Pingree, Chellie
Maine · Apr 10, 2020
 D
Trahan, Lori
Massachusetts · Apr 10, 2020
Wild, Susan
· Apr 10, 2020
 D
Carson, André
Indiana · Apr 3, 2020
 D
Castro, Joaquin
Texas · Apr 3, 2020
 D
Cohen, Steve
Tennessee · Apr 3, 2020
 D
García, Jesús G. "Chuy"
Illinois · Apr 3, 2020
 D
Grijalva, Raúl M.
Arizona · Apr 3, 2020
HASTINGS, ALCEE
· Apr 3, 2020
 D
Kaptur, Marcy
Ohio · Apr 3, 2020
Kuster, Ann
· Apr 3, 2020
 D
Matsui, Doris O.
California · Apr 3, 2020
 D
McGovern, James P.
Massachusetts · Apr 3, 2020
Napolitano, Grace
· Apr 3, 2020
 D
Wilson, Frederica S.
Florida · Apr 3, 2020
Bass, Karen
· Mar 26, 2020
 D
Cisneros, Gilbert Ray
California · Mar 26, 2020
 D
Crow, Jason
Colorado · Mar 26, 2020
 D
DeLauro, Rosa L.
Connecticut · Mar 26, 2020
 D
DelBene, Suzan K.
Washington · Mar 26, 2020
 D
Dingell, Debbie
Michigan · Mar 26, 2020
 D
Escobar, Veronica
Texas · Mar 26, 2020
 D
Foster, Bill
Illinois · Mar 26, 2020
 D
Hayes, Jahana
Connecticut · Mar 26, 2020
 D
Himes, James A.
Connecticut · Mar 26, 2020
 D
Larson, John B.
Connecticut · Mar 26, 2020
 D
Lynch, Stephen F.
Massachusetts · Mar 26, 2020
 D
Norton, Eleanor Holmes
District of Columbia · Mar 26, 2020
Payne, Donald
· Mar 26, 2020
Perlmutter, Ed
· Mar 26, 2020
 D
Peters, Scott H.
California · Mar 26, 2020
PETERSON, COLLIN
· Mar 26, 2020
Phillips, Dean
· Mar 26, 2020
RUSH, BOBBY
· Mar 26, 2020
RYAN, TIM
· Mar 26, 2020
 D
Sánchez, Linda T.
California · Mar 26, 2020
 D
Schakowsky, Janice D.
Illinois · Mar 26, 2020
 D
Scott, David
Georgia · Mar 26, 2020
 D
Sewell, Terri A.
Alabama · Mar 26, 2020
 D
Slotkin, Elissa
Michigan · Mar 26, 2020
 D
Soto, Darren
Florida · Mar 26, 2020
 D
Stanton, Greg
Arizona · Mar 26, 2020
 D
Swalwell, Eric
California · Mar 26, 2020
 D
Takano, Mark
California · Mar 26, 2020
 D
Welch, Peter
Vermont · Mar 26, 2020
Yarmuth, John
· Mar 26, 2020
Cite this page click to expand
APA
U.S. Congress. (2026). H.R. 6397: Coronavirus Emergency Student Loan Refinancing Act. 116th Congress. Open America. https://openamerica.io/bill/116-HR-6397/
MLA
"H.R. 6397: Coronavirus Emergency Student Loan Refinancing Act." 116th Congress, 2026, Open America, https://openamerica.io/bill/116-HR-6397/.
Bluebook (legal)
H.R. 6397, 116th Cong. (2026), https://openamerica.io/bill/116-HR-6397/.
Markdown link
[H.R. 6397: Coronavirus Emergency Student Loan Refinancing Act](https://openamerica.io/bill/116-HR-6397/)
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