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United States · Bill · S

S. 1162 (115th)

Bank on Students Emergency Loan Refinancing Act

referredUnited States· United States Congress· EN

Introduced

17 May 2017

Last action

17 May 2017 · Introduced

Status

Read twice and referred to the Committee on Finance. (Sponsor introductory remarks on measure: CR S3015)

Sponsors

Sen. Warren, Elizabeth [D-MA], Sen. Schumer, Charles E. [D-NY], Sen. Murray, Patty [D-WA], Sen. Baldwin, Tammy [D-WI], Sen. Bennet, Michael F. [D-CO], Sen. Blumenthal, Richard [D-CT], Sen. Booker, Cory A. [D-NJ], Sen. Brown, Sherrod [D-OH], Sen. Cardin, Benjamin L. [D-MD], Sen. Casey, Robert P., Jr. [D-PA], Sen. Duckworth, Tammy [D-IL], Sen. Durbin, Richard J. [D-IL], Sen. Franken, Al [D-MN], Sen. Gillibrand, Kirsten E. [D-NY], Sen. Harris, Kamala D. [D-CA], Sen. Hassan, Margaret Wood [D-NH], Sen. Heinrich, Martin [D-NM], Sen. Heitkamp, Heidi [D-ND], Sen. Hirono, Mazie K. [D-HI], Sen. Klobuchar, Amy [D-MN], Sen. Leahy, Patrick J. [D-VT], Sen. Manchin, Joe, III [D-WV], Sen. Markey, Edward J. [D-MA], Sen. Menendez, Robert [D-NJ], Sen. Merkley, Jeff [D-OR], Sen. Murphy, Christopher [D-CT], Sen. Peters, Gary C. [D-MI], Sen. Reed, Jack [D-RI], Sen. Sanders, Bernard [I-VT], Sen. Shaheen, Jeanne [D-NH], Sen. Stabenow, Debbie [D-MI], Sen. Udall, Tom [D-NM], Sen. Van Hollen, Chris [D-MD], Sen. Whitehouse, Sheldon [D-RI], Sen. Wyden, Ron [D-OR], Sen. Cortez Masto, Catherine [D-NV], Sen. McCaskill, Claire [D-MO], Sen. Cantwell, Maria [D-WA], Sen. Feinstein, Dianne [D-CA], Sen. Smith, Tina [D-MN]

Subjects

Taxation, Education

Source updated

5 December 2025

Taxation · Education

Summary

Bank on Students Emergency Loan Refinancing Act This bill amends title IV (Student Assistance) of the Higher Education Act of 1965 to establish a program that allows eligible students with loans under the Federal Direct Loan program (a Federal Direct Stafford Loan, a Federal Direct Unsubsidized Stafford Loan, a Federal Direct PLUS Loan, or a Federal Direct Consolidation Loan) to refinance their loans down to the lower rates offered to new federal borrowers in the 2016-2017 school year under certain circumstances. In addition, the bill allows student borrowers to refinance their private loans into the Federal Direct Loan program. This bill amends the Internal Revenue Code to require 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 (tentative fair share tax).

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

Timeline

  1. 17 May 2017

    Introduced

    Read twice and referred to the Committee on Finance. (Sponsor introductory remarks on measure: CR S3015)

    Source: IntroReferral

  2. 17 May 2017

    Introduced

    Introduced in Senate

    Source: IntroReferral

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 May 2017

    ViewDownloadOpen at official source

  • Introduced in Senate (PDF)

    Introduced in Senate · EN · 17 May 2017

    ViewDownloadOpen at official source

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  • Introduced in Senate

    summary · EN · 17 May 2017

    Open at official source

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Sponsors

Related records

Sources

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