State-Based Education Loan Awareness Act

Summary

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.

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Timeline

1. 16 March 2026

   Introduced

   Read twice and referred to the Committee on Health, Education, Labor, and Pensions.

   Source: IntroReferral

2. 16 March 2026

   Introduced

   Introduced in Senate

   Source: IntroReferral

3. 19 March 2026

   Committee

   Committee on Health, Education, Labor, and Pensions. Hearings held.

   Source: Committee

4. 30 July 2026

   Reported

   Committee on Health, Education, Labor, and Pensions. Ordered to be reported with an amendment in the nature of a substitute favorably.

   Source: Committee

5. 4 August 2026

   Calendars

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

   Source: Calendars

6. 4 August 2026

   Reported

   Committee on Health, Education, Labor, and Pensions. Reported by Senator Cassidy with an amendment in the nature of a substitute. Without written report.

   Source: Committee

7. 4 August 2026

   Reported

   Committee on Health, Education, Labor, and Pensions. Reported by Senator Cassidy with an amendment in the nature of a substitute. Without written report.

   Source: Committee

Votes

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Versions

No version snapshots stored. Document URLs remain at the source.

Documents

3 official files

• Reported to Senate

  Reported to Senate · EN · 4 August 2026

  ViewDownloadOpen at official source

• Introduced in Senate

  Introduced in Senate · EN · 16 March 2026

  ViewDownloadOpen at official source

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• Introduced in Senate

  summary · EN · 16 March 2026

  Open at official source

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  Vertaal document

  Documentvertaling op verzoek met downloadbare PDF (logo + link naar de officiële bron). Het bronbestand blijft leidend.

Sponsors

• Sen. Murkowski, Lisa [R-AK] · R · Sponsor
• Sen. Reed, Jack [D-RI] · D · Sponsor
• Sen. Cassidy, Bill [R-LA] · R · Sponsor
• Sen. Shaheen, Jeanne [D-NH] · D · Sponsor
• Sen. Sullivan, Dan [R-AK] · R · Cosponsor
• Sen. Lankford, James [R-OK] · R · Cosponsor
• Sen. Grassley, Chuck [R-IA] · R · Cosponsor
• · sshr00 · Standing

Related records

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