S 768
116th Congress
Senate
Education
Budget deficits and national debt
Government lending and loan guarantees
Higher education
Income tax deductions
Income tax rates
Inflation and prices
Interest, dividends, interest rates
Social work, volunteer service, charitable organizations
Student aid and college costs
User charges and fees
Bank on Students Emergency Loan Refinancing Act
Introduced: March 13, 2019
Introduced by:
Warren, Elizabeth
Democratic
· Massachusetts
See on congress.gov
Everywhere this bill has been
2 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Mar 13, 2019
Read twice and referred to the Committee on Finance.
Mar 13, 2019
Introduced in Senate
Plain-English summary
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
Read twice and referred to the Committee on Finance.
Committees of jurisdiction
1