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S. 768 116th Congress Senate

Bank on Students Emergency Loan Refinancing Act

Official title: A bill to amend the Higher Education Act of 1965 to provide for the refinancing of certain Federal student loans, and for other purposes.

Introduced: March 13, 2019 Introduced by: Elizabeth Warren Democratic · Massachusetts See on congress.gov
Education Budget deficits and national debtGovernment lending and loan guaranteesHigher educationIncome tax deductions
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Income tax ratesInflation and pricesInterest, dividends, interest ratesSocial work, volunteer service, charitable organizationsStudent aid and college costsUser charges and fees
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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 13, 2019
Read twice and referred to the Committee on Finance.
Mar 13, 2019
Introduced in Senate
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 Latest action March 13, 2019

Read twice and referred to the Committee on Finance.

 Plain-English summary Congressional Research Service

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).

 Related & companion bills 5
  • HR 1707 Identical bill Bank on Students Emergency Loan Refinancing Act
  • S 1845 If It's Good Enough For the Banks, It's Good Enough For Students Act
  • S 1726 Paying a Fair Share Act of 2019
  • HR 6397 Coronavirus Emergency Student Loan Refinancing Act
  • HR 7863 Paying a Fair Share Act of 2019
 Bill text 1 version

Source documents hosted by congress.gov.

 Committees of jurisdiction 1
 Cosponsors 25
All 25 Democratic 24 Independent 1
D
Schumer, Charles E.
New York · Apr 9, 2019
 D
Baldwin, Tammy
Wisconsin · Mar 13, 2019
 D
Bennet, Michael F.
Colorado · Mar 13, 2019
 D
Blumenthal, Richard
Connecticut · Mar 13, 2019
 D
Booker, Cory A.
New Jersey · Mar 13, 2019
 D
Cantwell, Maria
Washington · Mar 13, 2019
 D
Cortez Masto, Catherine
Nevada · Mar 13, 2019
 D
Duckworth, Tammy
Illinois · Mar 13, 2019
 D
Durbin, Richard J.
Illinois · Mar 13, 2019
 D
Gillibrand, Kirsten E.
New York · Mar 13, 2019
 D
Hassan, Margaret Wood
New Hampshire · Mar 13, 2019
 D
Heinrich, Martin
New Mexico · Mar 13, 2019
 D
Hirono, Mazie K.
Hawaii · Mar 13, 2019
 D
Klobuchar, Amy
Minnesota · Mar 13, 2019
 D
Markey, Edward J.
Massachusetts · Mar 13, 2019
 D
Merkley, Jeff
Oregon · Mar 13, 2019
 D
Murphy, Christopher
Connecticut · Mar 13, 2019
 D
Peters, Gary C.
Michigan · Mar 13, 2019
 D
Reed, Jack
Rhode Island · Mar 13, 2019
 I
Sanders, Bernard
Vermont · Mar 13, 2019
 D
Shaheen, Jeanne
New Hampshire · Mar 13, 2019
 D
Smith, Tina
Minnesota · Mar 13, 2019
 D
Van Hollen, Chris
Maryland · Mar 13, 2019
 D
Whitehouse, Sheldon
Rhode Island · Mar 13, 2019
 D
Wyden, Ron
Oregon · Mar 13, 2019
Cite this page click to expand
APA
U.S. Congress. (2026). S. 768: Bank on Students Emergency Loan Refinancing Act. 116th Congress. Open America. https://openamerica.io/bill/116-S-768/
MLA
"S. 768: Bank on Students Emergency Loan Refinancing Act." 116th Congress, 2026, Open America, https://openamerica.io/bill/116-S-768/.
Bluebook (legal)
S. 768, 116th Cong. (2026), https://openamerica.io/bill/116-S-768/.
Markdown link
[S. 768: Bank on Students Emergency Loan Refinancing Act](https://openamerica.io/bill/116-S-768/)
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