S 4002
116th Congress
Senate
Armed Forces and National Security
Higher education
Interest, dividends, interest rates
Military personnel and dependents
Student aid and college costs
Servicemember Student Loan Affordability Act of 2020
Introduced: June 18, 2020
Introduced by:
Durbin, Richard J.
Democratic
· Illinois
See on congress.gov
Everywhere this bill has been
2 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Jun 18, 2020
Read twice and referred to the Committee on Veterans' Affairs. (text: CR S3104)
Jun 18, 2020
Introduced in Senate
Plain-English summary
Servicemember Student Loan Affordability Act of 2020
This bill extends the 6% interest rate limitation on debt entered into during a service member's military service to any debt entered into to consolidate or refinance one or more student loans incurred before such service.
What's happening now
Read twice and referred to the Committee on Veterans' Affairs. (text: CR S3104)
Committees of jurisdiction
1
Cosponsors
1