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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

24 July 1997 · Committee

Status

Committee on Labor and Human Resources. Hearings held.

Sponsors

Sen. Allard, Wayne [R-CO], Sen. Campbell, Ben Nighthorse [R-CO]

Subjects

Taxation, Education

Source updated

21 August 2025

Taxation · Education

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.

This text is taken from the official record. PoliticalRepo does not editorialize.

Timeline

  1. 17 July 1997

    Introduced

    Introduced in Senate

    Source: IntroReferral

  2. 17 July 1997

    Introduced

    Read twice and referred to the Committee on Labor and Human Resources.

    Source: IntroReferral

  3. 17 July 1997

    Introduced

    Sponsor introductory remarks on measure. (CR S7718-7719)

    Source: IntroReferral

  4. 24 July 1997

    Committee

    Committee on Labor and Human Resources. Hearings held.

    Source: Committee

Votes

No vote records are attached yet.

Versions

Documents

3 official files

Introduced in Senate (text)

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  • Introduced in Senate (text)

    Introduced in Senate · EN · 17 July 1997

    ViewDownloadOpen at official source

  • Introduced in Senate (PDF)

    Introduced in Senate · EN · 17 July 1997

    ViewDownloadOpen at official source

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  • Introduced in Senate

    summary · EN · 17 July 1997

    Open at official source

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Sponsors

Related records

Sources

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