HR-1707 : Still Just a Bill


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).

Action Timeline

Action DateTypeTextSource
2019-03-13IntroReferralReferred 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.House floor actions
2019-03-13IntroReferralReferred 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.House floor actions
2019-03-13IntroReferralReferred 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.House floor actions
2019-03-13IntroReferralIntroduced in HouseLibrary of Congress

Sponsor :

Joe Courtney [D] (CT-2)
See Cosponsors

Policy Area :

Education
Related 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
Related Geographic Entities
Related Organizations

Related Bills

See Related Bills