Senate Bill S2767

Signed By Governor
2021-2022 Legislative Session

Establishes a private student loan refinance task force

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Sponsored By

Archive: Last Bill Status - Signed by Governor

  • Introduced
    • In Committee Assembly
    • In Committee Senate
    • On Floor Calendar Assembly
    • On Floor Calendar Senate
    • Passed Assembly
    • Passed Senate
  • Delivered to Governor
  • Signed By Governor

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Bill Amendments

co-Sponsors

2021-S2767 - Details

See Assembly Version of this Bill:
A5423
Law Section:
Education
Versions Introduced in Other Legislative Sessions:
2017-2018: S5120
2019-2020: S250

2021-S2767 - Summary

Establishes a private student loan refinance task force to study and report on ways lending institutions offering private student loans to graduates of institutions of higher education can be encouraged to establish student loan refinancing programs.

2021-S2767 - Sponsor Memo

2021-S2767 - Bill Text download pdf 

                            
 
                     S T A T E   O F   N E W   Y O R K
 ________________________________________________________________________
 
                                   2767
 
                        2021-2022 Regular Sessions
 
                             I N  S E N A T E
 
                             January 25, 2021
                                ___________
 
 Introduced  by  Sens.  KENNEDY, BIAGGI, GOUNARDES, HELMING, KAPLAN, MAY,
   SALAZAR -- read twice and ordered printed,  and  when  printed  to  be
   committed to the Committee on Higher Education
 
 AN  ACT  to  establish  a private student loan refinance task force; and
   providing for the repeal of such provisions upon expiration thereof

   THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND  ASSEM-
 BLY, DO ENACT AS FOLLOWS:
 
   Section  1. There is hereby established the private student loan refi-
 nance task force. The purpose of such task force is to study and analyze
 ways lending institutions that offer private student loans to  New  York
 graduates  of  institutions  of  higher  education can be incentives and
 encouraged to create student loan refinance programs.
   § 2. The private student loan refinance task force shall consist of 11
 members and shall include: the state comptroller or his or her designee,
 the superintendent of financial services or his  or  her  designee,  the
 president  of  the  higher  education services corporation or his or her
 designee, the chairs and ranking minority  members  of  the  senate  and
 assembly  committees  on  higher  education  or  their  designees, and 4
 members appointed by the governor from lending institutions in New  York
 that  offer  private  student  loans. All appointments of members of the
 private student loan refinance task force shall be made  no  later  than
 thirty days after the effective date of this act.
   §  3. The president of the higher education services corporation shall
 be designated as the chairperson of the private student  loan  refinance
 task force. The members of the private student loan refinance task force
 shall  serve  without compensation, except that members shall be allowed
 their necessary and actual expenses incurred in the performance of their
 duties under this act.
   § 4. The private student loan  refinance  task  force  shall  issue  a
 report  of  its findings and recommendations to the governor, the tempo-

  EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                       [ ] is old law to be omitted.
                                                            LBD06906-01-1

co-Sponsors

2021-S2767A (ACTIVE) - Details

See Assembly Version of this Bill:
A5423
Law Section:
Education
Versions Introduced in Other Legislative Sessions:
2017-2018: S5120
2019-2020: S250

2021-S2767A (ACTIVE) - Summary

Establishes a private student loan refinance task force to study and report on ways lending institutions offering private student loans to graduates of institutions of higher education can be encouraged to establish student loan refinancing programs.

2021-S2767A (ACTIVE) - Sponsor Memo

2021-S2767A (ACTIVE) - Bill Text download pdf 

                            
 
                     S T A T E   O F   N E W   Y O R K
 ________________________________________________________________________
 
                                  2767--A
     Cal. No. 260
 
                        2021-2022 Regular Sessions
 
                             I N  S E N A T E
 
                             January 25, 2021
                                ___________
 
 Introduced by Sens. KENNEDY, BIAGGI, GAUGHRAN, GOUNARDES, HELMING, JACK-
   SON,  KAPLAN, MAY, SALAZAR -- read twice and ordered printed, and when
   printed to be committed  to  the  Committee  on  Higher  Education  --
   reported  favorably  from  said committee, ordered to first and second
   report, ordered to a third reading, passed by Senate and delivered  to
   the  Assembly, recalled, vote reconsidered, restored to third reading,
   amended and ordered reprinted, retaining its place  in  the  order  of
   third reading
 
 AN  ACT  to  establish  a private student loan refinance task force; and
   providing for the repeal of such provisions upon expiration thereof
 
   THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND  ASSEM-
 BLY, DO ENACT AS FOLLOWS:
 
   Section  1. There is hereby established the private student loan refi-
 nance task force. The purpose of such task force is to study and analyze
 ways lending  institutions  that  offer  non-federal  student  loans  to
 students  of  New York institutions of higher education can be incentiv-
 ized and encouraged to create student loan refinance programs.
   § 2. The private student loan refinance task force shall consist of 11
 members as follows:  the superintendent of financial services or his  or
 her designee, the president of the higher education services corporation
 or  his  or  her  designee, three members appointed by the governor, two
 members appointed by the temporary president of the senate,  one  member
 appointed by the minority leader of the senate, two members appointed by
 the  speaker  of  the assembly, and one member appointed by the minority
 leader of the assembly. The appointed  members  shall  include,  to  the
 extent  practicable,  individuals representative of lending institutions
 and the consumer protection community.  All appointments of  members  of
 the  private  student  loan  refinance task force shall be made no later
 than 90 days after the effective date of this act.
   § 3. The president of the higher education services corporation  shall
 be  designated  as the chairperson of the private student loan refinance
 
  EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets

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