Senators Durbin and Duckworth, along with Representative Ramirez, introduced a bill to enhance student loan refinancing for service members.
Quiver AI Summary
Legislation introduced to assist service members: U.S. Senators Dick Durbin and Tammy Duckworth, along with Representative Delia Ramirez, have introduced the Servicemember Student Loan Affordability Act. This legislation aims to allow military personnel to consolidate or refinance their student loans while maintaining a capped interest rate of six percent.
Provisions of the bill: The Act seeks to amend the Servicemembers Civil Relief Act, addressing concerns that service members lose interest rate protections when refinancing loans tied to the Public Service Loan Forgiveness program. Durbin noted, “When someone volunteers to serve in our military, they shouldn’t be met with bureaucratic roadblocks.”
Background and support: Reports indicate that a significant number of active-duty service members carry considerable student loan debt. The proposed legislation is endorsed by multiple organizations and aims to ease the financial burden on those who serve in the military.
Disclaimer: This is an AI-generated summary of a press release. The model used to summarize this release may make mistakes. See the full release here.
Richard J. Durbin Fundraising
Richard J. Durbin recently disclosed $0 of fundraising in a Q3 FEC disclosure filed on October 15th, 2025. This was the 1522nd most from all Q3 reports we have seen this year. nan% came from individual donors.
Durbin disclosed $60.6K of spending. This was the 742nd most from all Q3 reports we have seen from politicians so far this year.
Durbin disclosed $1.2M of cash on hand at the end of the filing period. This was the 299th most from all Q3 reports we have seen this year.
You can see the disclosure here, or track Richard J. Durbin's fundraising on Quiver Quantitative.
Richard J. Durbin Bill Proposals
Here are some bills which have recently been proposed by Richard J. Durbin:
- S.3253: 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, and for other purposes.
- S.3252: A bill to make technical corrections to amendments made by the FDA Food Safety Modernization Act to allow the Food and Drug Administration to assess and collect food-related reinspection fees and recall fees, and for other purposes.
- S.3192: A bill to require Transmission Organizations to allow aggregators of retail customers to submit to organized wholesale electric markets bids that aggregate demand flexibility of customers of certain utilities, and for other purposes.
- S.2937: AI LEAD Act
- S.2915: SPUR Housing Act
- S.2889: Protecting Student Athletes from Concussions Act of 2025
You can track bills proposed by Richard J. Durbin on Quiver Quantitative's politician page for Durbin.
