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S. 4097 119th Congress Senate

State-Based Education Loan Awareness Act

Official title: A bill to establish that a State-based education loan program is excluded from certain requirements relating to a preferred lender arrangement.

Introduced: March 16, 2026 Introduced by: Lisa Murkowski Republican · Alaska See on congress.gov
Education Government lending and loan guaranteesHigher educationInterest, dividends, interest ratesState and local government operationsStudent aid and college costs
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 Everywhere this bill has been 6 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Aug 4, 2026
Committee on Health, Education, Labor, and Pensions. Reported by Senator Cassidy with an amendment in the nature of a substitute. Without written report.
Aug 4, 2026
Placed on Senate Legislative Calendar under General Orders. Calendar No. 539.
Jul 30, 2026
Committee on Health, Education, Labor, and Pensions. Ordered to be reported with an amendment in the nature of a substitute favorably.
Mar 19, 2026
Committee on Health, Education, Labor, and Pensions. Hearings held.
Mar 16, 2026
Introduced in Senate
Mar 16, 2026
Read twice and referred to the Committee on Health, Education, Labor, and Pensions.
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What's happening now August 4, 2026

Placed on Senate Legislative Calendar under General Orders. Calendar No. 539.

 Plain-English summary Congressional Research Service

State-Based Education Loan Awareness Act

This bill excludes certain arrangements or agreements regarding education loans from the definition of a preferred lender arrangement.

A preferred lender arrangement is an arrangement or agreement between a lender and an institution of higher education (IHE) that receives federal funding or assistance (1) under which a lender issues education loans to students attending the IHE; and (2) that relates to the IHE recommending, promoting, or endorsing the education loan products of the lender.

The bill provides that arrangements or agreements made under a state-based education loan program do not meet the definition of a preferred lender agreement for purposes of certain required disclosures to student borrowers.

 Hearings & markups 2
 Bill text 2 versions

Source documents hosted by congress.gov.

 Committees of jurisdiction 1
 Lobbying activity 14

Registered lobbyists who named this bill in their disclosure filings. Source: federal Lobbying Disclosure Act filings.

Bodies those filers lobbied

A filing lists the bills it worked on and the parts of government it contacted in separate sections, so these are the bodies those filers named anywhere in the filing, not a per-bill breakdown.

See all 14 filings →
 Cosponsors 6
All 6 Democratic 2 Republican 4
R
Grassley, Chuck
Iowa · May 21, 2026
 R
Lankford, James
Oklahoma · Apr 14, 2026
 R
Sullivan, Dan
Alaska · Mar 25, 2026
 R
Cassidy, Bill
Louisiana · Mar 16, 2026
 D
Reed, Jack
Rhode Island · Mar 16, 2026
 D
Shaheen, Jeanne
New Hampshire · Mar 16, 2026
Cite this page click to expand
APA
U.S. Congress. (2026). S. 4097: State-Based Education Loan Awareness Act. 119th Congress. Open America. https://openamerica.io/bill/119-S-4097/
MLA
"S. 4097: State-Based Education Loan Awareness Act." 119th Congress, 2026, Open America, https://openamerica.io/bill/119-S-4097/.
Bluebook (legal)
S. 4097, 119th Cong. (2026), https://openamerica.io/bill/119-S-4097/.
Markdown link
[S. 4097: State-Based Education Loan Awareness Act](https://openamerica.io/bill/119-S-4097/)
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