Introduced
S. 3538
Introduced in Senate · January 21, 2026December 17, 2025
Mr. Banks (for himself, Mr. Kaine, Mr. Booker, and Mr. Van Hollen) introduced the following bill; which was read twice and referred to the Committee on Health, Education, Labor, and Pensions
A BILL
To amend the Higher Education Act of 1965 to eliminate origination fees on Federal Direct loans.
Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled,
SECTION 1. Short title.
This Act may be cited as the “Student Loan Tax Elimination Act”.