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Senate Bill 847
117th Congress(2021-2022)
Student Loan Tax Elimination Act
Introduced
Introduced
Introduced in Senate on Mar 18, 2021
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Text
Introduced in Senate 
Mar 18, 2021
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Introduced in Senate(Mar 18, 2021)
Mar 18, 2021
No Linkage Found
About Linkage
Multiple bills can contain the same text. This could be an identical bill in the opposite chamber or a smaller bill with a section embedded in a larger bill.
Bill Sponsor regularly scans bill texts to find sections that are contained in other bill texts. When a matching section is found, the bills containing that section can be viewed by clicking "View Bills" within the bill text section.
Bill Sponsor is currently only finding exact word-for-word section matches. In a future release, partial matches will be included.
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S. 847 (Introduced-in-Senate)


117th CONGRESS
1st Session
S. 847


To amend the Higher Education Act of 1965 to eliminate origination fees on Federal Direct loans.

IN THE SENATE OF THE UNITED STATES

March 18, 2021

Mr. Braun (for himself, Ms. Sinema, Mr. Coons, Mr. Hawley, Mr. Warnock, and Ms. Warren) introduced the following bill; which was read twice and referred to the Committee on Health, Education, Labor, and Pensions

A BILL

To amend the Higher Education Act of 1965 to eliminate origination fees on Federal Direct loans.

Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled,

SECTION 1. Short title.

This Act may be cited as the “Student Loan Tax Elimination Act ”.

SEC. 2. Elimination of origination fees on Federal Direct loans.

(a) Repeal of origination fees.—Subsection (c) of section 455 of the Higher Education Act of 1965 (20 U.S.C. 1087e(c)) is repealed.

(b) Effective date.—The amendment made by subsection (a) shall apply with respect to loans made under part D of title IV of the Higher Education Act of 1965 (20 U.S.C. 1087a et seq.) for which the first disbursement of principal is made, or, in the case of a Federal Direct Consolidation Loan, the application is received, on or after March 27, 2020.