United States · Bill · S
S. 1162 (115th)
Bank on Students Emergency Loan Refinancing Act
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
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
17 May 2017
Introduced
Read twice and referred to the Committee on Finance. (Sponsor introductory remarks on measure: CR S3015)
Source: IntroReferral
17 May 2017
Introduced
Introduced in Senate
Source: IntroReferral
Votes
No vote records are attached yet.
Versions
- Introduced in Senate · 17 May 2017 · Download file
Documents
3 official files
Introduced in Senate (text)
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Introduced in Senate (text)
Introduced in Senate · EN · 17 May 2017
Introduced in Senate (PDF)
Introduced in Senate · EN · 17 May 2017
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Introduced in Senate
summary · EN · 17 May 2017
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Vertaal dit document naar jouw taal. PoliticalRepo bewaart geen aparte kopie per EU-taal.
Documentvertaling op verzoek met downloadbare PDF (logo + link naar de officiële bron). Het bronbestand blijft leidend.
Sponsors
- Sen. Warren, Elizabeth [D-MA] · D · Sponsor
- Sen. Schumer, Charles E. [D-NY] · D · Sponsor
- Sen. Murray, Patty [D-WA] · D · Sponsor
- Sen. Baldwin, Tammy [D-WI] · D · Sponsor
- Sen. Bennet, Michael F. [D-CO] · D · Sponsor
- Sen. Blumenthal, Richard [D-CT] · D · Sponsor
- Sen. Booker, Cory A. [D-NJ] · D · Sponsor
- Sen. Brown, Sherrod [D-OH] · D · Sponsor
- Sen. Cardin, Benjamin L. [D-MD] · D · Sponsor
- Sen. Casey, Robert P., Jr. [D-PA] · D · Sponsor
- Sen. Duckworth, Tammy [D-IL] · D · Sponsor
- Sen. Durbin, Richard J. [D-IL] · D · Sponsor
- Sen. Franken, Al [D-MN] · D · Sponsor
- Sen. Gillibrand, Kirsten E. [D-NY] · D · Sponsor
- Sen. Harris, Kamala D. [D-CA] · D · Sponsor
- Sen. Hassan, Margaret Wood [D-NH] · D · Sponsor
- Sen. Heinrich, Martin [D-NM] · D · Sponsor
- Sen. Heitkamp, Heidi [D-ND] · D · Sponsor
- Sen. Hirono, Mazie K. [D-HI] · D · Sponsor
- Sen. Klobuchar, Amy [D-MN] · D · Sponsor
- Sen. Leahy, Patrick J. [D-VT] · D · Sponsor
- Sen. Manchin, Joe, III [D-WV] · D · Sponsor
- Sen. Markey, Edward J. [D-MA] · D · Sponsor
- Sen. Menendez, Robert [D-NJ] · D · Sponsor
- Sen. Merkley, Jeff [D-OR] · D · Sponsor
- Sen. Murphy, Christopher [D-CT] · D · Sponsor
- Sen. Peters, Gary C. [D-MI] · D · Sponsor
- Sen. Reed, Jack [D-RI] · D · Sponsor
- Sen. Sanders, Bernard [I-VT] · I · Sponsor
- Sen. Shaheen, Jeanne [D-NH] · D · Sponsor
- Sen. Stabenow, Debbie [D-MI] · D · Sponsor
- Sen. Udall, Tom [D-NM] · D · Sponsor
- Sen. Van Hollen, Chris [D-MD] · D · Sponsor
- Sen. Whitehouse, Sheldon [D-RI] · D · Sponsor
- Sen. Wyden, Ron [D-OR] · D · Sponsor
- Sen. Cortez Masto, Catherine [D-NV] · D · Sponsor
- Sen. McCaskill, Claire [D-MO] · D · Sponsor
- Sen. Cantwell, Maria [D-WA] · D · Cosponsor
- Sen. Feinstein, Dianne [D-CA] · D · Cosponsor
- Sen. Smith, Tina [D-MN] · D · Cosponsor
- · ssfi00 · Standing
Related records
- related to → Paying a Fair Share Act of 2017
- related to → Paying a Fair Share Act of 2017
- related to → Bank on Students Emergency Loan Refinancing Act
- related to ← Bank on Students Emergency Loan Refinancing Act
- related to ← Student Loan Relief Act of 2017
- related to ← Student Loan Relief Act of 2017
- related to ← Student Loan Refinancing and Recalculation Act
- related to ← HIGHER ED Act
- related to ← Bank on Students Emergency Loan Refinancing Act
Sources
PoliticalRepo is an index and interpretation layer, not the authoritative legal source.
- Official source: https://www.congress.gov/bill/115th-congress/senate-bill/1162
- Open data entity: https://api.congress.gov/v3/bill/115/s/1162
- us · 115-s-1162 · source updated 5 December 2025