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S.1399: A bill to amend the Servicemembers Civil Relief Act to extend the interest rate limitation on debt entered into during military service to debt incurred during military service to consolidate or refinance student loans incurred before military service.

About this Bill

This bill was introduced in the 113th Congress
This bill is primarily about armed forces and national security
You can read the bill
Sponsor Richard J. Durbin, D-Ill.
Total Cosponsors 0
Introduced July 30, 2013
Latest Major Action Oct. 30, 2013
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Bill Progress

  • Bill introduced in the Senate   
  • Bill passed in the Senate   
  • Bill passed in the House   
  • Bill signed into law

Bill Summary

Amends the Servicemembers Civil Relief Act to extend the 6% interest rate limitation on debt entered into during a servicemember's military service to any debt entered into to consolidate or refinance one or more student loans incurred before such service.

(Source: Congressional Research Service)

Bill Actions

Date Description
Oct. 30, 2013 Committee on Veterans' Affairs. Hearings held. Hearings printed: S.Hrg. 113-280.
July 30, 2013 Read twice and referred to the Committee on Veterans' Affairs. (text of measure as introduced in Senate: CR S6077)