HOUSE 1707116th CongressReferred to the Committee on Education and Labor, and in addition to the Committees on Ways and Means, and the Budget, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.

Bank on Students Emergency Loan Refinancing Act

Last Action: 3/13/2019

Actions

2019-03-13Referred to the Committee on Education and Labor, and in addition to the Committees on Ways and Means, and the Budget, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.
2019-03-13Referred to the Committee on Education and Labor, and in addition to the Committees on Ways and Means, and the Budget, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.
2019-03-13Referred to the Committee on Education and Labor, and in addition to the Committees on Ways and Means, and the Budget, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.
2019-03-13Introduced in House
2019-03-13Introduced in House

CRS Summary

As of 2019-03-13 (00)

Bank on Students Emergency Loan Refinancing Act

This bill revises requirements concerning student loan debt.

Specifically, the bill establishes a program that allows eligible individuals with federal or private student loans to refinance them down to the lower rates offered to new federal borrowers in the 2016-2017 school year under certain circumstances.

In addition, the bill requires 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 (commonly known as the tentative fair share tax).

Cosponsors (20)

Pete Aguilar (D-CA)
Suzanne Bonamici (D-OR)
Brendan Boyle (D-PA)
Anthony Brown (D-MD)
Tony Cárdenas (D-CA)
Kathy Castor (D-FL)
David Cicilline (D-RI)
Gilbert Cisneros (D-CA)
Steve Cohen (D-TN)
SUSAN DAVIS (D-CA)
DIANA DEGETTE (D-CO)
Debbie Dingell (D-MI)
ANNA ESHOO (D-CA)
Abby Finkenauer (D-IA)
Bill Foster (D-IL)
Vicente Gonzalez (D-TX)
Raúl Grijalva (D-AZ)
Katie Hill (D-CA)
James Himes (D-CT)
SHEILA JACKSON LEE (D-TX)

Subjects

Budget deficits and national debt
Government lending and loan guarantees
Higher education
Income tax deductions
Income tax rates
Inflation and prices
Interest, dividends, interest rates
Social work, volunteer service, charitable organizations
Student aid and college costs
User charges and fees

Read on Congress.gov

Sourced from Congress.gov (public domain).

This is legal information, not legal advice. Laws vary by jurisdiction and change frequently. Always verify current law with official sources and consult a licensed attorney in your jurisdiction for advice on your specific situation.