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United States · Bill · S

S. 1036 (105th)

Kid's Bank Act

openUnited States· United States Congress· EN

Introduced

17 July 1997

Last action

Status

Committee on Labor and Human Resources. Hearings held.

Sponsors

Subjects

Discovery layer

Source updated

21 August 2025

Summary

Kid's Bank Act - Amends the Higher Education Act of 1965 (HEA) to include under the definition of an eligible lender a bank that: (1) is a wholly owned subsidiary of a tax-exempt charitable nonprofit foundation; (2) makes HEA student loans only to undergraduate students who are age 22 or younger; and (3) has a portfolio of such loans that is not more than $10 million.

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Versions

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Documents

3 official files

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Sources

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