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State-Based Education Loan Awareness Act

4/1/2026, 7:59 PM

Summary of Bill S 4097

The bill, designated as S. 4097 in the 119th Congress, aims to establish that a State-based education loan program is exempt from specific regulations concerning preferred lender arrangements. Introduced on March 16, 2026, the bill focuses on addressing requirements related to the operation and oversight of education loan programs at the state level.

Current Status of Bill S 4097

Bill S 4097 is currently in the status of Bill Introduced since March 16, 2026. Bill S 4097 was introduced during Congress 119 and was introduced to the Senate on March 16, 2026.  Bill S 4097's most recent activity was Committee on Health, Education, Labor, and Pensions. Hearings held. as of March 19, 2026

Bipartisan Support of Bill S 4097

Total Number of Sponsors
1
Democrat Sponsors
0
Republican Sponsors
1
Unaffiliated Sponsors
0
Total Number of Cosponsors
3
Democrat Cosponsors
2
Republican Cosponsors
1
Unaffiliated Cosponsors
0

Policy Area and Potential Impact of Bill S 4097

Primary Policy Focus

Education

Alternate Title(s) of Bill S 4097

A bill to establish that a State-based education loan program is excluded from certain requirements relating to a preferred lender arrangement.
A bill to establish that a State-based education loan program is excluded from certain requirements relating to a preferred lender arrangement.

Comments

Jase McClure profile image

Jase McClure

708

20 days ago

This bill is concerning.

Royce Dillon profile image

Royce Dillon

728

13 days ago

I can't believe this bill is even being considered. It's just another example of the government overstepping its boundaries.