Growing Momentum for DebtFreeTaxFree Movement
In our efforts to bring you the latest updates on things that might impact your financial life, we may occasionally enter the political fray, covering candidates, bills, laws and more.
Please note: SoFi does not endorse or take official positions on any candidates and the bills they may be sponsoring or proposing. We may occasionally support legislation that we believe would also support our members (like now!), but we will be transparent about it when we do. Our reporting otherwise is for informational purposes only, and shouldn’t be construed as an endorsement.
On September 25, 2019, SoFi headed to Washington DC as part of the DebtFreeTaxFree Coalition, where like-minded organizations expressed support for House of Representatives bill, H.R. 1043 / Senate bill, S. 460 . Because these bills are so similar, support was being given to either/or, with SoFi’s general counsel Rob Lavet serving as our Capitol Hill representative.
Organizations met with 21 Congressional offices that day, meeting seven Congress members directly, to share stories about how this legislation could positively impact people in the United States who have student loan debt.
On that day, three more members of the House added their support and signatures to the H.R. bill—with more signing after that day—bringing the total number of signatures to 189 on the House bill and 46 on the Senate bill, making it a total of 235 members of Congress who support one of these bills.
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