# 119-s-3761: Student Loan Bond Expansion Act of 2026

119-s-3761, Student Loan Bond Expansion Act of 2026, is a 119th Congress bill sponsored by Sen. Grassley, Chuck [R-IA] (R-IA); status introduced; PRIA reads it as touching household money (as of 2026-04-21).

- Canonical: https://policyrisk.com/legislation/119-s-3761
- As of: 2026-04-21
- Plain-text twin of the page above; the HTML and this file carry the same facts.

## Facts
- Bill: 119-s-3761
- Congress: 119
- Title: Student Loan Bond Expansion Act of 2026
- Status: introduced
- Introduced: 2026-02-03
- Sponsor: Sen. Grassley, Chuck [R-IA] (R-IA)
- Cosponsors: 4
- Policy area: Taxation
- Touches household money: yes
- Last recorded action: 2026-04-21

## Summary

**Exempts qualified student loan bonds from the federal private-activity bond volume cap and from AMT private-activity-bond treatment.** This bill would change how qualified student loan bonds count in pooled financings and in alternative minimum tax calculations to encourage capital-market financing for student loans. - State and local issuers: Would be able to issue qualified student loan bonds that do not count against the federal private-activity bond volume cap, and pooled financings would exclude student borrowers from the "ultimate borrower" counting rules. - Students and loan programs: Could increase liquidity for qualified student loan programs and potentially lower borrowing costs by expanding access to bond financing. - Investors and tax treatment: Would exclude bonds issued after enactment from being treated as private activity bonds for alternative minimum tax calculations, a change that could affect investor demand for these bonds.

## Cosponsors (4)

- Sen. Welch, Peter [D-VT] (D-VT), 2026-02-03T00:00:00.000Z
- Sen. Cassidy, Bill [R-LA] (R-LA), 2026-02-03T00:00:00.000Z
- Sen. Reed, Jack [D-RI] (D-RI), 2026-02-10T00:00:00.000Z
- Sen. Smith, Tina [D-MN] (D-MN), 2026-03-02T00:00:00.000Z

## Provisions PRIA read

- Lower-cost bonds for student loans: benefit, medium. This bill would exempt qualified student loan bonds from the federal private-activity bond volume cap. It would also say qualified student loan bonds issued after enactment would not count as private activity bonds for Alternative Minimum Tax calculations. For pooled financings, student borrowers w…

## Related bills

- 119-s-1241: Sanctioning Russia Act of 2025
- 119-s-339: Nancy Gardner Sewell Medicare Multi-Cancer Early Detection Screening Coverage Act
- 119-sres-913: A resolution relating to the death of the Honorable Nancy Kassebaum, former United States Senator for the State of Kansas.
- 119-sres-897: A resolution honoring the life, service, and legacy of the Honorable Jon Llewellyn Kyl, former Senator for the State of Arizona.
- 119-sres-801: A resolution honoring the life and legacy of the Honorable Lindsey Olin Graham, a Senator from the State of South Carolina.
- 119-sres-755: A resolution honoring the life of the Honorable Donald W. Riegle, Jr., former Senator for the State of Michigan.

## Sources
- [119-s-3761 on Congress.gov](https://www.congress.gov/bill/119th-congress/senate-bill/3761)

## Related
- [119-s-1241: Sanctioning Russia Act of 2025](https://policyrisk.com/legislation/119-s-1241)
- [119-s-339: Nancy Gardner Sewell Medicare Multi-Cancer Early Detection Screening Coverage A…](https://policyrisk.com/legislation/119-s-339)
- [119-sres-913: A resolution relating to the death of the Honorable Nancy Kassebaum, former Uni…](https://policyrisk.com/legislation/119-sres-913)
- [119-sres-897: A resolution honoring the life, service, and legacy of the Honorable Jon Llewel…](https://policyrisk.com/legislation/119-sres-897)
- [119-sres-801: A resolution honoring the life and legacy of the Honorable Lindsey Olin Graham,…](https://policyrisk.com/legislation/119-sres-801)
- [119-sres-755: A resolution honoring the life of the Honorable Donald W. Riegle, Jr., former S…](https://policyrisk.com/legislation/119-sres-755)
- [All bills in Congress](https://policyrisk.com/legislation)

Source: PRIA, https://policyrisk.com/legislation/119-s-3761 (as of 2026-04-21).