S. 4097
119th Congress
State-Based Education Loan Awareness Act
6
Cosponsors
3
Actions
0
Amendments
1
Committees
—
Since introduced
Committee on Health, Education, Labor, and Pensions. Hearings held.
19 mars 2026·4 months ago
Summary
Introduced in Senate · Updated 22 juillet 2026
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.
Timeline
3 actions
Committee on Health, Education, Labor, and Pensions. Hearings held.
19 mars 2026 · Committee
Read twice and referred to the Committee on Health, Education, Labor, and Pensions.
16 mars 2026 · IntroReferral
Introduced in Senate
16 mars 2026 · IntroReferral
Sponsorship
6 cosponsors
Sponsor
Republican:Sen. Murkowski, Lisa [R-AK]AKCosponsors
- Democrat233%
- Republican467%
- Republican:Sen. Grassley, Chuck [R-IA]IA
- Republican:Sen. Lankford, James [R-OK]OK
- Republican:Sen. Sullivan, Dan [R-AK]AK
- Democrat:Sen. Shaheen, Jeanne [D-NH]NH
- Democrat:Sen. Reed, Jack [D-RI]RI
- Republican:Sen. Cassidy, Bill [R-LA]LA
Classification
Policy area
EducationLegislative subjects
Committees
1
Health, Education, Labor, and Pensions Committee
Senate · Standing
- Referred To16 Mar 2026
- Hearings By (full committee)19 Mar 2026
Cosponsor momentum
Cumulative over time
Cosponsors grew from 3 on 16 mars 2026 to 6 on 21 mai 2026.
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