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S. 4141 116th Congress Senate

Bank on Students Coronavirus Emergency Loan Refinancing Act of 2020

Official title: A bill to refinance Federal and private student loans, and for other purposes.

Introduced: July 1, 2020 Introduced by: Elizabeth Warren Democratic · Massachusetts See on congress.gov
Education Congressional oversightEducation programs fundingGovernment information and archivesGovernment lending and loan guarantees
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Higher educationInterest, dividends, interest ratesMedical educationStudent 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
Read twice and referred to the Committee on Health, Education, Labor, and Pensions.
Jul 1, 2020
Introduced in Senate
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 Latest action July 1, 2020

Read twice and referred to the Committee on Health, Education, Labor, and Pensions.

 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
  • HR 7449 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 25
All 25 Democratic 24 Independent 1
D
Rosen, Jacky
Nevada · Dec 1, 2020
 D
Baldwin, Tammy
Wisconsin · Jul 1, 2020
 D
Bennet, Michael F.
Colorado · Jul 1, 2020
 D
Blumenthal, Richard
Connecticut · Jul 1, 2020
 D
Booker, Cory A.
New Jersey · Jul 1, 2020
 D
Cantwell, Maria
Washington · Jul 1, 2020
 D
Cortez Masto, Catherine
Nevada · Jul 1, 2020
 D
Duckworth, Tammy
Illinois · Jul 1, 2020
 D
Durbin, Richard J.
Illinois · Jul 1, 2020
 D
Gillibrand, Kirsten E.
New York · Jul 1, 2020
 D
Hassan, Margaret Wood
New Hampshire · Jul 1, 2020
 D
Heinrich, Martin
New Mexico · Jul 1, 2020
 D
Hirono, Mazie K.
Hawaii · Jul 1, 2020
 D
Klobuchar, Amy
Minnesota · Jul 1, 2020
 D
Markey, Edward J.
Massachusetts · Jul 1, 2020
 D
Merkley, Jeff
Oregon · Jul 1, 2020
 D
Murphy, Christopher
Connecticut · Jul 1, 2020
 D
Peters, Gary C.
Michigan · Jul 1, 2020
 D
Reed, Jack
Rhode Island · Jul 1, 2020
 I
Sanders, Bernard
Vermont · Jul 1, 2020
 D
Shaheen, Jeanne
New Hampshire · Jul 1, 2020
 D
Smith, Tina
Minnesota · Jul 1, 2020
 D
Van Hollen, Chris
Maryland · Jul 1, 2020
 D
Whitehouse, Sheldon
Rhode Island · Jul 1, 2020
 D
Wyden, Ron
Oregon · Jul 1, 2020
Cite this page click to expand
APA
U.S. Congress. (2026). S. 4141: Bank on Students Coronavirus Emergency Loan Refinancing Act of 2020. 116th Congress. Open America. https://openamerica.io/bill/116-S-4141/
MLA
"S. 4141: Bank on Students Coronavirus Emergency Loan Refinancing Act of 2020." 116th Congress, 2026, Open America, https://openamerica.io/bill/116-S-4141/.
Bluebook (legal)
S. 4141, 116th Cong. (2026), https://openamerica.io/bill/116-S-4141/.
Markdown link
[S. 4141: Bank on Students Coronavirus Emergency Loan Refinancing Act of 2020](https://openamerica.io/bill/116-S-4141/)
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