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II
116TH CONGRESS
1ST SESSION
S. 1696
To amend the Higher Education Act of 1965 to eliminate origination fees
on Federal Direct loans.
IN THE SENATE OF THE UNITED STATES
JUNE 3, 2019
Mr. BRAUN (for himself, Ms. SINEMA, Mr. COONS, and Mr. SCOTT of Florida)
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 Representa-
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tives of the United States of America in Congress assembled,
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SECTION 1. SHORT TITLE.
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This Act may be cited as the ‘‘Student Loan Tax
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Elimination Act’’.
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SEC. 2. ELIMINATION OF ORIGINATION FEES ON FEDERAL
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DIRECT LOANS.
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(a) REPEAL OF ORIGINATION FEES.—Subsection (c)
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of section 455 of the Higher Education Act of 1965 (20
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U.S.C. 1087e(c)) is repealed.
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•S 1696 IS
(b) EFFECTIVE DATE.—The amendment made by
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subsection (a) shall apply with respect to loans made
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under part D of title IV of the Higher Education Act of
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1965 (20 U.S.C. 1087a et seq.) for which the first dis-
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bursement of principal is made, or, in the case of a Fed-
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eral Direct Consolidation Loan, the application is received,
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on or after July 1, 2019.
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