S. 4097: State-Based Education Loan Awareness Act
A Senate bill (S.) in the 119th U.S. Congress.
Overview
| Congress | 119th U.S. Congress (2025–2026) |
|---|---|
| Type | Senate bill (S.) |
| Originating chamber | Senate |
| Introduced | 2026-03-16 |
| Sponsor | Sen. Murkowski, Lisa [R-AK] |
| Policy area | Education |
| Cosponsors | 6 |
| Latest action | 2026-07-30 — Committee on Health, Education, Labor, and Pensions. Ordered to be reported with an amendment in the nature of a substitute favorably. |
| Last updated | 2026-07-31 |
Summary
Official summary (Introduced in Senate, 2026-03-16):
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.
Cosponsors (6)
| Name | Party / state |
|---|---|
| Jack Reed | D RI (original cosponsor) 2026-03-16 |
| Bill Cassidy | R LA (original cosponsor) 2026-03-16 |
| Jeanne Shaheen | D NH (original cosponsor) 2026-03-16 |
| Dan Sullivan | R AK 2026-03-25 |
| James Lankford | R OK 2026-04-14 |
| Chuck Grassley | R IA 2026-05-21 |
Full text & official record
The official bill text, section-by-section summary, amendments, committee reports, and the complete legislative timeline for S. 4097 are published by Congress on congress.gov.
View S. 4097 on congress.gov →
Frequently asked questions
What is S. 4097?
S. 4097 is a Senate bill (S.) introduced in the 119th U.S. Congress, originating in the Senate. Official title: State-Based Education Loan Awareness Act.
Where can I read the full bill text?
The full text, cosponsors, amendments, and legislative status for S. 4097 are available on congress.gov.
Bill data: congress.gov API (official congressional records).