US HB1707 | 2019-2020 | 116th Congress

Status

Spectrum: Partisan Bill (Democrat 88-0)
Status: Introduced on March 13 2019 - 25% progression, died in committee
Action: 2019-03-13 - Referred 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.
Pending: House Education and Labor Committee
Text: Latest bill text (Introduced) [PDF]

Summary

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).

Tracking Information

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Title

Bank on Students Emergency Loan Refinancing Act

Sponsors

Rep. Joe Courtney [D-CT]Rep. Pete Aguilar [D-CA]Rep. Suzanne Bonamici [D-OR]Rep. Brendan Boyle [D-PA]
Rep. Anthony Brown [D-MD]Rep. Tony Cardenas [D-CA]Rep. Kathy Castor [D-FL]Rep. David Cicilline [D-RI]
Rep. Gil Cisneros [D-CA]Rep. Steve Cohen [D-TN]Rep. Susan Davis [D-CA]Rep. Diana DeGette [D-CO]
Rep. Debbie Dingell [D-MI]Rep. Anna Eshoo [D-CA]Rep. Abby Finkenauer [D-IA]Rep. Bill Foster [D-IL]
Rep. Vicente Gonzalez [D-TX]Rep. Raul Grijalva [D-AZ]Rep. Katie Hill [D-CA]Rep. James Himes [D-CT]
Rep. Sheila Jackson-Lee [D-TX]Rep. Pramila Jayapal [D-WA]Rep. William Keating [D-MA]Rep. Derek Kilmer [D-WA]
Rep. John Larson [D-CT]Rep. Barbara Lee [D-CA]Rep. Nita Lowey [D-NY]Rep. Elaine Luria [D-VA]
Rep. Sean Maloney [D-NY]Rep. Gwen Moore [D-WI]Rep. Joseph Neguse [D-CO]Rep. Donald Norcross [D-NJ]
Rep. Eleanor Norton [D-DC]Rep. Ed Perlmutter [D-CO]Rep. Chellie Pingree [D-ME]Rep. Jamie Raskin [D-MD]
Rep. Kathleen Rice [D-NY]Rep. Gregorio Sablan [D-MP]Rep. Linda Sanchez [D-CA]Rep. Mary Gay Scanlon [D-PA]
Rep. Janice Schakowsky [D-IL]Rep. Kurt Schrader [D-OR]Rep. Jose Serrano [D-NY]Rep. Brad Sherman [D-CA]
Rep. Adam Smith [D-WA]Rep. Jackie Speier [D-CA]Rep. Mark Takano [D-CA]Rep. Mike Thompson [D-CA]
Rep. Dina Titus [D-NV]Rep. David Trone [D-MD]Rep. Peter Visclosky [D-IN]Rep. Debbie Wasserman Schultz [D-FL]
Sen. Peter Welch [D-VT]Rep. Susan Wild [D-PA]Rep. Frederica Wilson [D-FL]Rep. Jahana Hayes [D-CT]
Sen. Ben Lujan [D-NM]Rep. Dean Phillips [D-MN]Rep. Rosa DeLauro [D-CT]Rep. Eric Swalwell [D-CA]
Rep. Jesus Garcia [D-IL]Rep. James Langevin [D-RI]Rep. Earl Blumenauer [D-OR]Rep. Debbie Mucarsel-Powell [D-FL]
Rep. Jennifer Wexton [D-VA]Rep. James McGovern [D-MA]Rep. Ann Kuster [D-NH]Rep. Sean Casten [D-IL]
Rep. Conor Lamb [D-PA]Rep. Mike Quigley [D-IL]Rep. Marcy Kaptur [D-OH]Rep. Suzanne Lee [D-NV]
Rep. Lloyd Doggett [D-TX]Rep. Carolyn Maloney [D-NY]Rep. Eliot Engel [D-NY]Rep. Karen Bass [D-CA]
Rep. John Yarmuth [D-KY]Rep. Suzan DelBene [D-WA]Rep. Denny Heck [D-WA]Rep. Elissa Slotkin [D-MI]
Rep. Madeleine Dean [D-PA]Rep. Andy Levin [D-MI]Rep. Salud Carbajal [D-CA]Rep. Ron Kind [D-WI]
Rep. Veronica Escobar [D-TX]Rep. Ted Lieu [D-CA]Rep. Thomas Suozzi [D-NY]Rep. Tim Ryan [D-OH]

History

DateChamberAction
2019-03-13HouseReferred 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.
2019-03-13HouseReferred 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.
2019-03-13HouseReferred 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.
2019-03-13HouseIntroduced in House

Same As/Similar To

SB768 (Same As) 2019-03-13 - Read twice and referred to the Committee on Finance.
SB1845 (Similar To) 2019-06-13 - Read twice and referred to the Committee on Health, Education, Labor, and Pensions.
HB6397 (Related) 2020-03-26 - Referred to the House Committee on Education and Labor.
HB7863 (Related) 2020-07-30 - Referred to the Subcommittee on Select Revenue Measures.

Subjects


US Congress State Sources


Bill Comments

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