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SB 3637 Illinois Senate · 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 14, 2020 Last action May 15, 2020
Floor votes

How they voted

No floor votes recorded yet.
Full legislative history

Actions timeline

Total actions
18
Key actions
0
Committee
9
May 7, 2020
Senate · Reported by committee
Rule 2-10 Committee Deadline Established As May 22, 2020
Apr 30, 2020
Senate · Reported by committee
Rule 2-10 Committee Deadline Established As May 15, 2020
Apr 23, 2020
Senate · Reported by committee
Rule 2-10 Committee Deadline Established As May 7, 2020
Apr 16, 2020
Senate · Reported by committee
Rule 2-10 Committee Deadline Established As April 30, 2020
Apr 12, 2020
Senate · Referred to committee
Pursuant to Senate Rule 3-9(b) / Referred to Assignments
Mar 25, 2020
Senate · Reported by committee
Rule 2-10 Committee Deadline Established As April 24, 2020
Mar 18, 2020
Senate · Reported by committee
Rule 2-10 Committee Deadline Established As April 2, 2020
Mar 12, 2020
Senate · Referred to committee
Assigned to Higher Education
Feb 14, 2020
Senate · Referred to committee
Referred to Assignments
0 primary · 3 co-sponsors

Sponsors

Role
Legislator
Party
State
District
Co
Photo of Jacqueline Y. Collins
Jacqueline Y. Collins
DDemocratic
IL
16
Co
Photo of Kimberly Lightford
Kimberly Lightford
DDemocratic
IL
4
Co
Photo of Pat McGuire
Pat McGuire
DDemocratic
IL
43