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H.R. 7449 116th Congress House

Bank on Students Coronavirus Emergency Loan Refinancing Act of 2020

Official title: To refinance Federal and private student loans, and for other purposes.

Introduced: July 1, 2020 Introduced by: Joe Courtney Democratic · Connecticut See on congress.gov
Education Congressional oversightCredit and credit marketsEducation programs fundingGovernment information and archives
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Government lending and loan guaranteesHigher educationInterest, dividends, interest ratesStudent aid and college costs
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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
Jul 1, 2020
Referred to the House Committee on Education and Labor.
Jul 1, 2020
Introduced in House
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 Latest action July 1, 2020

Referred to the House Committee on Education and Labor.

 Plain-English summary Congressional Research Service

Bank on Students Coronavirus Emergency Loan Refinancing Act of 2020

This bill establishes refinancing programs for federal and private student loans. Specifically, it allows certain borrowers to refinance their federal student loans down to lower interest rates, and creates the Federal Direct Refinanced Private Loan to allow certain borrowers to refinance their private student loans.

 Related & companion bills 1
  • S 4141 Identical bill Bank on Students Coronavirus Emergency Loan Refinancing Act of 2020
 Bill text 1 version

Source documents hosted by congress.gov.

 Committees of jurisdiction 1
 Cosponsors 37
All 37 Democratic 23
Kildee, Daniel
· Nov 12, 2020
Payne, Donald
· Nov 12, 2020
 D
DeSaulnier, Mark
California · Oct 23, 2020
 D
Evans, Dwight
Pennsylvania · Oct 23, 2020
 D
Thompson, Bennie G.
Mississippi · Oct 23, 2020
 D
Foster, Bill
Illinois · Sep 21, 2020
Allred, Colin
· Aug 11, 2020
Cárdenas, Tony
· Jul 22, 2020
 D
Castor, Kathy
Florida · Jul 1, 2020
Cicilline, David
· Jul 1, 2020
 D
Cisneros, Gilbert Ray
California · Jul 1, 2020
 D
DelBene, Suzan K.
Washington · Jul 1, 2020
 D
Dingell, Debbie
Michigan · Jul 1, 2020
 D
Hayes, Jahana
Connecticut · Jul 1, 2020
 D
Himes, James A.
Connecticut · Jul 1, 2020
Jackson Lee, Sheila
· Jul 1, 2020
Kilmer, Derek
· Jul 1, 2020
Kuster, Ann
· Jul 1, 2020
 D
Larson, John B.
Connecticut · Jul 1, 2020
 D
Luján, Ben Ray
New Mexico · Jul 1, 2020
Maloney, Sean
· Jul 1, 2020
 D
McGovern, James P.
Massachusetts · Jul 1, 2020
 D
Norton, Eleanor Holmes
District of Columbia · Jul 1, 2020
Perlmutter, Ed
· Jul 1, 2020
 D
Pingree, Chellie
Maine · Jul 1, 2020
Rice, Kathleen
· Jul 1, 2020
RYAN, TIM
· Jul 1, 2020
 D
Sánchez, Linda T.
California · Jul 1, 2020
SERRANO, JOSE
· Jul 1, 2020
 D
Slotkin, Elissa
Michigan · Jul 1, 2020
 D
Smith, Adam
Washington · Jul 1, 2020
 D
Suozzi, Thomas R.
New York · Jul 1, 2020
 D
Swalwell, Eric
California · Jul 1, 2020
 D
Takano, Mark
California · Jul 1, 2020
 D
Trahan, Lori
Massachusetts · Jul 1, 2020
 D
Welch, Peter
Vermont · Jul 1, 2020
 D
Wilson, Frederica S.
Florida · Jul 1, 2020
Cite this page click to expand
APA
U.S. Congress. (2026). H.R. 7449: Bank on Students Coronavirus Emergency Loan Refinancing Act of 2020. 116th Congress. Open America. https://openamerica.io/bill/116-HR-7449/
MLA
"H.R. 7449: Bank on Students Coronavirus Emergency Loan Refinancing Act of 2020." 116th Congress, 2026, Open America, https://openamerica.io/bill/116-HR-7449/.
Bluebook (legal)
H.R. 7449, 116th Cong. (2026), https://openamerica.io/bill/116-HR-7449/.
Markdown link
[H.R. 7449: Bank on Students Coronavirus Emergency Loan Refinancing Act of 2020](https://openamerica.io/bill/116-HR-7449/)
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