State-Based Education Loan Awareness Act
U.S. Congress · S4097 ·
Progression
Timing in context
Primary sponsor's contributions received (same period)
Adjacency in time is shown for context; it is not evidence of cause. Funded ≠ false — see the methodology.
What the bill says
Introduced 2026-03-16. Latest action: Committee on Health, Education, Labor, and Pensions. Hearings held.
Summary (plain-language)
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.
Sponsors
- Lisa Murkowski (primary)
- Bill Cassidy
- Chuck Grassley
- James Lankford
- Jack Reed
- Jeanne Shaheen
- Dan Sullivan
Text versions
- Introduced in Senate — 2026-03-16 — XML
What analysts say
No nonpartisan analysis on file for this measure yet.
What politicians say
No linked claims or utterances yet — no one on record has cited this measure to justify a public argument.
Action History
| Date | Action |
|---|---|
| 2026-03-19 | Committee on Health, Education, Labor, and Pensions. Hearings held. |
| 2026-03-16 | Introduced in Senate |
| 2026-03-16 | Read twice and referred to the Committee on Health, Education, Labor, and Pensions. |