SB1041 • 2025

student loans for postsecondary education, requirements related to student loan servicers, creating an office of the student loan ombudsman in the Department of Financial Institutions, granting rule-making authority, and making an appropriation

Budget Education

Did Not Pass

The latest official action shows that this bill did not move forward in that session.

Sponsor: Senators Hesselbein, Smith, Drake, Carpenter, Larson, Ratcliff, Roys and Spreitzer, cosponsored by Representatives Joers, Stroud, Emerson, DeSmidt, Anderson, Andraca, Billings, Brown, Hong, Madison, McCarville, Miresse, Moore Omokunde, Neubauer, Palmeri, Prado, Rivera-Wagner, Roe, Sinicki, Tenorio and Udell
Last action: 2026-03-23
Official status: S - Financial Institutions and Sporting Heritage
Effective date: Not listed

Plain English Breakdown

The plain English breakdown is still being put together. The official documents below are already here.

Bill History

2026-03-23 Sen.
Failed to pass pursuant to Senate Joint Resolution 1
2026-03-04 Sen.
Representative Subeck added as a cosponsor
2026-02-26 Sen.
Fiscal estimate received
2026-02-24 Sen.
Introduced by Senators Hesselbein , Smith , Drake , Carpenter , Larson , Ratcliff , Roys and Spreitzer ; cosponsored by Representatives Joers , Stroud , Emerson , DeSmidt , Anderson , Andraca , Billings , Brown , Hong , Madison , McCarville , Miresse , Moore Omokunde , Neubauer , Palmeri , Prado , Rivera-Wagner , Roe , Sinicki , Tenorio and Udell
2026-02-24 Sen.
Read first time and referred to Committee on Financial Institutions and Sporting Heritage

Official Summary Text

student loans for postsecondary education, requirements related to student loan servicers, creating an office of the student loan ombudsman in the Department of Financial Institutions, granting rule-making authority, and making an appropriation
Status: S - Financial Institutions and Sporting Heritage