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Politiparty

119th Congress Education

S. 4097: State-Based Education Loan Awareness Act

ReportedAug 4, 2026

  1. Introduced (completed)Mar 16, 2026
  2. Passed Senate (not reached)
  3. Passed House (not reached)
  4. To the President (not reached)
  5. Became law (not reached)

Summary

Introduced in Senate, Mar 16, 2026

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.

Written by the Congressional Research Service, Library of Congress.

Roll calls

0 votes on this bill

No roll call votes have been held on this bill.

Amendments

0 offered

No amendments were offered to this bill.

Cosponsors

6

Bipartisan support.

Who scored on this bill

26 points earned
  1. 1Lisa Murkowski R-AK SponsorDrew cross-party cosponsors, introduced, reported3 events+26
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Introductions and cosponsorships count toward weekly caps and show no points.

Other bills by Lisa Murkowski

History

  1. Mar 16, 2026Introduced in the Senate by Lisa Murkowski.
Show the full action history (6 actions)
  1. Aug 4, 2026Committee on Health, Education, Labor, and Pensions. Reported by Senator Cassidy with an amendment in the nature of a substitute. Without written report.
  2. Aug 4, 2026Placed on Senate Legislative Calendar under General Orders. Calendar No. 539.
  3. Jul 30, 2026Committee on Health, Education, Labor, and Pensions. Ordered to be reported with an amendment in the nature of a substitute favorably.
  4. Mar 19, 2026Committee on Health, Education, Labor, and Pensions. Hearings held.
  5. Mar 16, 2026Introduced in Senate
  6. Mar 16, 2026Read twice and referred to the Committee on Health, Education, Labor, and Pensions.