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H.R. 6397: Coronavirus Emergency Student Loan Refinancing Act

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H.R. 6397: Coronavirus Emergency Student Loan Refinancing Act

116th Congress · introduced 2020-03-26 · Education · Latest: Referred to the House Committee on Education and Labor.

federal

Follow this bill, step by step

  1. Where it came from: introduced 2020-03-26 · official record
  2. Who proposed it: Rep. Courtney, Joe [D-CT-2] · what a sponsor is
  3. What happened next: no floor votes in our records yet. Why?
  4. Where it stands now: Referred to the House Committee on Education and Labor. Not final yet: this can still change. We check for updates every day.
  5. If it becomes law and spends money: follow the money to money laws, then agencies and contracts and grants.

What does this mean?

Official title

Coronavirus Emergency Student Loan Refinancing Act

Plain summary

Coronavirus Emergency Student Loan Refinancing Act This bill establishes refinancing programs for federal and private student loans. Specifically, the bill establishes a program that allows qualified borrowers to refinance their federal student loans down to lower interest rates. Such refinanced interest rates are (1) calculated based on the type of student loan (e.g., Stafford), and (2) fixed for the period of the loan. In addition, the bill creates the Federal Direct Refinanced Private Loan as a new type of loan. Such loans allow qualified borrowers to refinance their private education loans.

Congressional Research Service summary (Introduced in House), quoted unchanged (nonpartisan). Read the source.

What a vote does

A “Yea” vote

If it passes both chambers and is signed, it becomes law.

A “Nay” vote

If it is not passed, current law stays as it is.

PSI Sci description of the legislative step (not an opinion).

What does this mean? (plain words)

Official text

Coronavirus Emergency Student Loan Refinancing Act

Source: Congressional Research Service summary (Introduced in House)

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The strongest published arguments

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Alternatives

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How did my representative vote? · This bill's floor votes

Officials and money

Sponsor: Rep. Courtney, Joe [D-CT-2] · 60 cosponsors

Cost estimate: No cost estimate published yet.

Cosponsors on this site

Gilbert Ray Cisneros, Jr. (D-CA), Rosa L. DeLauro (D-CT), Suzan K. DelBene (D-WA), Debbie Dingell (D-MI), Veronica Escobar (D-TX), Bill Foster (D-IL), Jahana Hayes (D-CT), James A. Himes (D-CT), John B. Larson (D-CT), Stephen F. Lynch (D-MA), Eleanor Holmes Norton (D-DC), Scott H. Peters (D-CA), Linda T. Sánchez (D-CA), Janice D. Schakowsky (D-IL), Terri A. Sewell (D-AL), Elissa Slotkin (D-MI), Darren Soto (D-FL), Greg Stanton (D-AZ), Mark Takano (D-CA), Peter Welch (D-VT), Jason Crow (D-CO), André Carson (D-IN), Joaquin Castro (D-TX), Steve Cohen (D-TN), Jesús G. "Chuy" García (D-IL), Marcy Kaptur (D-OH), Doris O. Matsui (D-CA), James P. McGovern (D-MA), Frederica S. Wilson (D-FL), Kathy Castor (D-FL), Ben Ray Luján (D-NM), Chellie Pingree (D-ME), Lori Trahan (D-MA)

Sponsor's campaign money: Rep. Courtney, Joe [D-CT-2] reported raising $966,514 (2025–2026). Details. Shown for context only; it does not mean any donor supported this bill.

No linked floor roll calls in our collected records yet. This does not mean the bill has never had a vote. Check the official bill history.

Words on this page, explained (1)
Bill
A proposed law. It becomes law only if it passes the legislature and is signed by the president or governor (or a veto is overridden).

Plain meanings written from linked sources. All words.

Sources

Record fed-us-cong116-hr6397 · catalog fed-us-congress-bills-cong116 · updated 2026-11-15 by psicol fed-bills-cong116