Bank on Students Emergency Loan Refinancing Act

Bank on Students Emergency Loan Refinancing Act

This Bill has:
79% Democratic Support in the Senate
65% Democratic Support in the House

    






    This bill was introduced by Joe Courtney in the house and Elizabeth Warren in the senate.
    This bill would amend the Higher Education Act of 1965 to provide for the refinancing of certain Federal student loans. The legislation would allow those with outstanding student loan debt to refinance at the interest rates that were approved last year for new borrowers.
    Many borrowers with outstanding student loans have interest rates of nearly 7 percent or higher for undergraduate loans, while students who took out loans in the 2013-2014 school year pay a rate of 3.86 percent under the Bipartisan Student Loan Certainty Act passed by Congress in 2013. The Bank on Students Emergency Loan Refinancing Act would allow our students and young people to pay back their outstanding loans at the same rates that Democrats and Republicans in the House and Senate embraced last Congress as the appropriate rates for new borrowers. Nearly a million more borrowers are falling behind on their student loans compared to this time last year.
House Bill: H.R. 2477
Democratic Support:  125
Introduced by: Rep. Courtney, Joe [D-CT-2] (Introduced 05/17/2017)
Latest Action: 05/17/2017 Referred to House Budget


Cosponsors:
  1. Alma Adams
  2. Pete Aguilar
  3. Nanette Barragan
  4. Donald Beyer
  5. Earl Blumenauer
  6. Sazuanne Bonamici
  7. Brendan Boyle
  8. Julia Brownley
  9. Cheri Bustos
  10. Salud Carbajal
  11. Matt Cartwright
  12. Kathy Castor
  13. Judy Chu
  14. David Cicilline
  15. Steve Cohen
  16. Gerald Connolly
  17. Luis Correa
  18. Elijah Cummings
  19. Peter DeFazio
  20. Diana DeGette
  21. Rosa DeLauro
  22. Suzan DelBene
  23. Mark DeSaulnier
  24. Debbie Dingell
  25. Anna Eshoo
  26. Elizabeth Esty
  27. Dwight Evans
  28. Bill Foster
  29. Raul Grijalva
  30. Luis Gutierrez
  31. Colleen Hanabusa
  32. Alcee Hastings
  33. Steny Hoyer
  34. Pramila Jayapal
  35. Henry Johnson
  36. Daniel Kildee
  37. James Langevin
  38. John Larson
  39. Brenda Lawrence
  40. Al Lawson
  41. Sander Levin
  42. David Loebsack
  43. Alan Lowenthal
  44. Nita Lowey
  45. Ben Ray Lujan
  46. Michelle Lujan Grisham
  47. Stephen Lynch
  48. Carolyn Maloney
  49. Sean Patrick Maloney
  50. Doris Matsui
  51. James McGovern
  52. Seth Moulton
  53. Donald Norcross
  54. Beto O'Rourke
  55. Donald Payne
  56. Ed Perlmutter
  57. Chellie Pingree
  58. Jamie Raskin
  59. Kathleen Rice
  60. Tim Ryan
  61. Linda Sanchez
  62. Janice Schakowsky
  63. Adam Schiff
  64. Robert Scott
  65. Jose Serrano
  66. Carol Shea-Porter
  67. Brad Sherman
  68. Louise Slaughter
  69. Darren Soto
  70. Eric Swalwell
  71. Dina Titus
  72. Norma Torres
  73. Niki Tsongas
  74. Nydia Velazquez
  75. Peter Visclosky
  76. Debbie Wasserman Schultz
  77. Peter Welch
  78. John Yarmuth
  79. Eliot Engel
  80. Mark Pocan
  81. John Delaney
  82. Katherine Clark
  83. Michael Capuano
  84. Joseph Kennedy
  85. Richard Neal
  86. Derek Kilmer
  87. Ron Kind
  88. John Conyers
  89. Terri Sewell
  90. Michael Doyle
  91. Robert Brady
  92. Emanuel Cleaver
  93. Hakeem Jeffries
  94. William Keating
  95. Marcy Kaptur
  96. Susan Davis
  97. Karen Bass
  98. Lloyd Doggett
  99. Marcia Fudge
  100. Ann Kuster
  101. John Lewis
  102. Gwen Moore
  103. Bill Pascrell
  104. Mike Thompson
  105. Juan Vargas
  106. Denny Heck
  107. Frank Pallone
  108. Tony Cardenas
  109. Bennie Thompson
  110. David Price
  111. Richard Nolan
  112. Jackie Speier
  113. Mark Takano
  114. Frederica Wilson
  115. Keith Ellison
  116. Yvette Clarke
  117. Jared Huffman
  118. Andre Carson
  119. Zoe Lofgren
  120. Timothy Walz
  121. John Sarbanes
  122. Anthony Brown
  123. Robin Kelly
  124. James Himes