Proposal:Bank on Students Coronavirus Emergency Loan Refinancing Act of 2020

This proposal is archived and closed to further debate. It was introduced in the 116th Congress, which has concluded, and the bill was not enacted into law.

Bill	S 4141
Type of Legislation	Senate Bill
Congress	116
Status	Archived — 116th Congress concluded
Source	View original on Congress.gov

Geographic Scope

National

Description

Bank on Students Coronavirus Emergency Loan Refinancing Act of 2020

This bill establishes refinancing programs for federal and private student loans. Specifically, it allows certain borrowers to refinance their federal student loans down to lower interest rates, and creates the Federal Direct Refinanced Private Loan to allow certain borrowers to refinance their private student loans.

Bill Title

Bank on Students Coronavirus Emergency Loan Refinancing Act of 2020

Linked Goals

• Goal:Promote General Welfare

Steps

• 2020-07-01: Read twice and referred to the Committee on Health, Education, Labor, and Pensions.
• 2020-07-01: Introduced in Senate

Projected Outcome

A more informed proposal or public response aligned with the Promote General Welfare goal.