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]
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).
Title
Bank on Students Emergency Loan Refinancing Act
Sponsors
History
Date | Chamber | Action |
---|---|---|
2019-03-13 | House | 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. |
2019-03-13 | House | 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. |
2019-03-13 | House | 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. |
2019-03-13 | House | Introduced 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.
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
Budget deficits and national debt
Education
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
Education
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
US Congress State Sources
Type | Source |
---|---|
Summary | https://www.congress.gov/bill/116th-congress/house-bill/1707/all-info |
Text | https://www.congress.gov/116/bills/hr1707/BILLS-116hr1707ih.pdf |