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IL HB5668
Bill
Status
Introduced
2/18/2020
Primary Sponsor
Katie Stuart
Click for details
AI Summary
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Amends the Student Investment Account Act by adding a new Section 53 requiring the State Treasurer to develop and implement a student loan refinancing program.
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State Treasurer must establish criteria and guidelines addressing borrower eligibility, consumer protections, program limitations and scope, and program accountability including administrative costs.
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State Treasurer is authorized to adopt rules necessary to implement and administer the student loan refinancing program.
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Takes effect upon becoming law.
Legislative Description
HIGHER ED-STUDENT REFINANCING
Last Action
Rule 19(b) / Re-referred to Rules Committee
6/23/2020
Committee Referrals
Rules6/23/2020
State Government Administration3/12/2020
Rules2/18/2020
Full Bill Text
No bill text available