119th Congress
S. 4097
State-Based Education Loan Awareness Act
- Introduced
- In committee
- Passed Senate
- Passed House
- To President
- Became law
- Sponsor
- Lisa Murkowski(R-AK)
- Introduced
- Mar 16, 2026
- Policy area
- Education
- Committees
- Senate Committee on Health, Education, Labor, and Pensions
- Official text
- Reported to Senate · Congress.gov page
Cosponsors (6)
Original cosponsors (3)
- Bill Cassidy (R-LA)
- Jack Reed (D-RI)
- Jeanne Shaheen (D-NH)
Added later (3)
- Dan Sullivan (R-AK) · Mar 25, 2026
- James Lankford (R-OK) · Apr 14, 2026
- Chuck Grassley (R-IA) · May 21, 2026
Summary
Summary by the Congressional Research Service· describes the “Introduced in Senate” version
State-Based Education Loan Awareness Act
This bill excludes certain arrangements or agreements regarding education loans from the definition of a preferred lender arrangement.
A preferred lender arrangement is an arrangement or agreement between a lender and an institution of higher education (IHE) that receives federal funding or assistance (1) under which a lender issues education loans to students attending the IHE; and (2) that relates to the IHE recommending, promoting, or endorsing the education loan products of the lender.
The bill provides that arrangements or agreements made under a state-based education loan program do not meet the definition of a preferred lender agreement for purposes of certain required disclosures to student borrowers.
Roll-call votes
No recorded votes on this bill.
Actions
- Aug 4, 2026 · Senate
Placed on Senate Legislative Calendar under General Orders. Calendar No. 539. - Aug 4, 2026 · Senate
Committee on Health, Education, Labor, and Pensions. Reported by Senator Cassidy with an amendment in the nature of a substitute. Without written report. - Jul 30, 2026 · Senate
Committee on Health, Education, Labor, and Pensions. Ordered to be reported with an amendment in the nature of a substitute favorably. - Mar 19, 2026 · Senate
Committee on Health, Education, Labor, and Pensions. Hearings held. - Mar 16, 2026 · Senate
Read twice and referred to the Committee on Health, Education, Labor, and Pensions. - Mar 16, 2026
Introduced in Senate