S. 4097 Reported by committee Education

State-Based Education Loan Awareness Act

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

  1. Introduced
  2. Committee
  3. Passed Senate
  4. Passed House
  5. To President
  6. Became law
Sponsor Sen. Murkowski, Lisa [R-AK] Introduced March 16, 2026 Cosponsors 6 (4 R, 2 D) Latest action August 4, 2026

Summary

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.

Summary by the Congressional Research Service, Library of Congress.

Congress.gov

Actions

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

Congressional and federal records come from official public sources: the House Clerk, the U.S. Senate, GovInfo and the Library of Congress (bill status), the Federal Register, and the congress-legislators project. They are copied on a schedule and may lag the official record by a few hours; the official sources govern. News and coverage counts are drawn from the 4Conservative index and reflect what the press published, not 4Conservative's views. Nothing here is an endorsement of any candidate, party or position. Terms of use.