HB 5668 Illinois House · 101st Regular Session

HIGHER ED-STUDENT REFINANCING

Summary
Amends the Student Investment Account Act. Provides that the State Treasurer shall develop and implement a student loan refinancing program. Provides that the State Treasurer shall establish specific criteria and guidelines for the program, including: the eligibility of borrowers who may participate in the program; establishing consumer protections for borrowers in the program; the limitations and scope of the program; and program accountability. Authorizes rulemaking. Effective immediately.
Bill status in committee 1 of 4 stages cleared
Introduction
Feb 2020
Committee Review
Floor Vote
Governor
Introduced Feb 18, 2020 Last action Jun 23, 2020
Floor votes

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Full legislative history

Actions timeline

Total actions
5
Key actions
0
Committee
3
Jun 23, 2020
Committee
Rule 19(b) / Re-referred to Rules Committee
lower
Mar 12, 2020
Committee
Assigned to State Government Administration Committee
lower
Feb 18, 2020
Committee
Referred to Rules Committee
lower
0 primary · 1 co-sponsor

Sponsors

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