S4926-118

Introduced

To establish a new Guaranteed Student Loan Program.

118th Congress Introduced Aug 1, 2024

Analysis under review: This bill has generated analysis that may be too generic or incomplete. Clause-level evidence remains available below.

Summary

What This Bill Does

This bill, To establish a new Guaranteed Student Loan Program., changes federal law or congressional policy affecting financial institutions, investors, and borrowers. The main policy domain is Finance, Education, Civil Rights.

Who Benefits and How

financial institutions, investors, and borrowers may benefit from new authority, funding, eligibility, regulatory clarity, or reduced risk created by the bill.

Who Bears the Burden and How

federal implementing agencies, financial institutions, investors, and borrowers may take on implementation duties, reporting obligations, compliance costs, or oversight responsibilities.

Key Provisions

  • Section S1: 1. Short title This Act may be cited as the Affordable Future Loan Program Act of 2024.
  • Section id8FB51DC5D9614FC18B869527358E41D3: 2. Government Guaranteed Student Loan Program At the end of title IV of the Higher Education Act of 1965 (20 U.S.C. 1070 et seq.), add the following:...
  • Section ID82AFC2C2EC854B218CF3781C554E5C48: 499A. Statement of purpose; nondiscrimination; appropriations authorized The purpose of this part is to enable the Secretary— to pay a portion of the interest...
  • Section ID87729ED0810345689AF23A42BF3622F1: 499A-1. Program authority The Secretary shall implement the Affordable Future Loan Program, through which the Secretary shall— pay an eligible lender 98...
  • Section id783AA44CE65C4057ADD8ABAC36F191FF: 499A-2. Eligible lenders and eligible loans For purposes of this part an eligible lender is an eligible lender as described in subparagraphs (A) through (D),...

Evidence Chain:

This summary is generated from the full bill text using AI analysis. Expand "Detailed Analysis" below for identified beneficiaries/burden bearers with clause-level evidence links.

At a Glance

What This Bill Does

This bill, To establish a new Guaranteed Student Loan Program., changes federal law or congressional policy affecting financial institutions, investors, and borrowers.

Key Policy Areas

Finance, Education, Civil Rights

Primary Purpose

This bill, To establish a new Guaranteed Student Loan Program., changes federal law or congressional policy affecting financial institutions, investors, and borrowers.

Policy Domains

Finance Education Civil Rights

Whole bill

Identified Gains
  • financial institutions, investors, and borrowers
Model: codex-gpt-5 | Version: bill_summary_v2 | Source: is
financial institutions, investors, and borrowers: , ,
Identified Costs
  • federal implementing agencies
  • financial institutions, investors, and borrowers
Model: codex-gpt-5 | Version: bill_summary_v2 | Source: is
federal implementing agencies: , ,
financial institutions, investors, and borrowers: , ,

Legislative Progress

Introduced
Introduced Committee Passed
Aug 1, 2024

Mr. Rounds introduced the following bill; which was read twice …

Impact analysis is available but no clear stakeholder effects identified. View clause-level analysis →

Bill Structure & Actor Mappings

Who is "The Secretary" in each section?

Domains
Finance Education Civil Rights
Actor Mappings
"secretary_of_treasury"
→ Secretary of the Treasury

We use a combination of our own taxonomy and classification in addition to large language models to assess meaning and potential beneficiaries. High confidence means strong textual evidence. Always verify with the original bill text.

Learn more about our methodology