# 116-hr-7449: Bank on Students Coronavirus Emergency Loan Refinancing Act of 2020

116-hr-7449, Bank on Students Coronavirus Emergency Loan Refinancing Act of 2020, is a 116th Congress bill sponsored by Rep. Courtney, Joe [D-CT-2] (D-CT); status Referred to the House Committee on Education and Labor. (as of 2025-11-18).

- Canonical: https://policyrisk.com/legislation/116-hr-7449
- As of: 2025-11-18
- Plain-text twin of the page above; the HTML and this file carry the same facts.

## Facts
- Bill: 116-hr-7449
- Congress: 116
- Title: Bank on Students Coronavirus Emergency Loan Refinancing Act of 2020
- Status: Referred to the House Committee on Education and Labor.
- Introduced: 2020-07-01
- Sponsor: Rep. Courtney, Joe [D-CT-2] (D-CT)
- Cosponsors: 37
- Policy area: Education
- Touches household money: no
- Last recorded action: 2025-11-18

## Summary

Bank on Students Coronavirus Emergency Loan Refinancing Act of 2020 This bill establishes refinancing programs for federal and private student loans. Specifically, it allows certain borrowers to refinance their federal student loans down to lower interest rates, and creates the Federal Direct Refinanced Private Loan to allow certain borrowers to refinance their private student loans.

## Cosponsors (37)

- Rep. Castor, Kathy [D-FL-14] (D-FL), 2020-07-01T00:00:00.000Z
- Rep. Cicilline, David N. [D-RI-1] (D-RI), 2020-07-01T00:00:00.000Z
- Rep. Cisneros, Gilbert Ray [D-CA-31] (D-CA), 2020-07-01T00:00:00.000Z
- Rep. DelBene, Suzan K. [D-WA-1] (D-WA), 2020-07-01T00:00:00.000Z
- Rep. Dingell, Debbie [D-MI-6] (D-MI), 2020-07-01T00:00:00.000Z
- Rep. Hayes, Jahana [D-CT-5] (D-CT), 2020-07-01T00:00:00.000Z
- Rep. Jackson Lee, Sheila [D-TX-18] (D-TX), 2020-07-01T00:00:00.000Z
- Rep. Kilmer, Derek [D-WA-6] (D-WA), 2020-07-01T00:00:00.000Z
- Rep. Kuster, Ann M. [D-NH-2] (D-NH), 2020-07-01T00:00:00.000Z
- Rep. Larson, John B. [D-CT-1] (D-CT), 2020-07-01T00:00:00.000Z
- Sen. Luján, Ben Ray [D-NM] (D-NM), 2020-07-01T00:00:00.000Z
- Rep. Maloney, Sean Patrick [D-NY-18] (D-NY), 2020-07-01T00:00:00.000Z
- Rep. McGovern, James P. [D-MA-2] (D-MA), 2020-07-01T00:00:00.000Z
- Del. Norton, Eleanor Holmes [D-DC-At Large] (D-DC), 2020-07-01T00:00:00.000Z
- Rep. Perlmutter, Ed [D-CO-7] (D-CO), 2020-07-01T00:00:00.000Z
- Rep. Pingree, Chellie [D-ME-1] (D-ME), 2020-07-01T00:00:00.000Z
- Rep. Rice, Kathleen M. [D-NY-4] (D-NY), 2020-07-01T00:00:00.000Z
- Rep. Ryan, Tim [D-OH-13] (D-OH), 2020-07-01T00:00:00.000Z
- Rep. Sánchez, Linda T. [D-CA-38] (D-CA), 2020-07-01T00:00:00.000Z
- JOSE SERRANO (D-NY), 2020-07-01T00:00:00.000Z
- Sen. Slotkin, Elissa [D-MI] (D-MI), 2020-07-01T00:00:00.000Z
- Rep. Smith, Adam [D-WA-9] (D-WA), 2020-07-01T00:00:00.000Z
- Rep. Suozzi, Thomas R. [D-NY-3] (D-NY), 2020-07-01T00:00:00.000Z
- Rep. Swalwell, Eric [D-CA-14] (D-CA), 2020-07-01T00:00:00.000Z
- Rep. Takano, Mark [D-CA-39] (D-CA), 2020-07-01T00:00:00.000Z
- Rep. Trahan, Lori [D-MA-3] (D-MA), 2020-07-01T00:00:00.000Z
- Sen. Welch, Peter [D-VT] (D-VT), 2020-07-01T00:00:00.000Z
- Rep. Himes, James A. [D-CT-4] (D-CT), 2020-07-01T00:00:00.000Z
- Rep. Wilson, Frederica S. [D-FL-24] (D-FL), 2020-07-01T00:00:00.000Z
- Rep. Cárdenas, Tony [D-CA-29] (D-CA), 2020-07-22T00:00:00.000Z
- Rep. Allred, Colin Z. [D-TX-32] (D-TX), 2020-08-11T00:00:00.000Z
- Rep. Foster, Bill [D-IL-11] (D-IL), 2020-09-21T00:00:00.000Z
- Rep. DeSaulnier, Mark [D-CA-10] (D-CA), 2020-10-23T00:00:00.000Z
- Rep. Thompson, Bennie G. [D-MS-2] (D-MS), 2020-10-23T00:00:00.000Z
- Rep. Evans, Dwight [D-PA-3] (D-PA), 2020-10-23T00:00:00.000Z
- Rep. Kildee, Daniel T. [D-MI-8] (D-MI), 2020-11-12T00:00:00.000Z
- Rep. Payne, Donald M., Jr. [D-NJ-10] (D-NJ), 2020-11-12T00:00:00.000Z

## Related bills

- 116-hr-8015: Delivering for America Act
- 116-hr-7197: RESTAURANTS Act of 2020
- 116-hr-7120: George Floyd Justice in Policing Act of 2020
- 116-hr-2694: Pregnant Workers Fairness Act
- 116-hr-2420: National Museum of the American Latino Act
- 116-hr-2382: USPS Fairness Act

## Sources
- [116-hr-7449 on Congress.gov](https://www.congress.gov/bill/116th-congress/house-bill/7449)

## Related
- [116-hr-8015: Delivering for America Act](https://policyrisk.com/legislation/116-hr-8015)
- [116-hr-7197: RESTAURANTS Act of 2020](https://policyrisk.com/legislation/116-hr-7197)
- [116-hr-7120: George Floyd Justice in Policing Act of 2020](https://policyrisk.com/legislation/116-hr-7120)
- [116-hr-2694: Pregnant Workers Fairness Act](https://policyrisk.com/legislation/116-hr-2694)
- [116-hr-2420: National Museum of the American Latino Act](https://policyrisk.com/legislation/116-hr-2420)
- [116-hr-2382: USPS Fairness Act](https://policyrisk.com/legislation/116-hr-2382)
- [All bills in Congress](https://policyrisk.com/legislation)

Source: PRIA, https://policyrisk.com/legislation/116-hr-7449 (as of 2025-11-18).