HR 649 · 114th Congress 2015–2017, ended

Student Loan Refinancing Act

Introduced Feb 2, 2015 Originated House Sponsor Mark Pocan D-WI

Fact sheet

Latest action · Apr 29, 2015 Referred to the Subcommittee on Higher Education and Workforce Training.

Progress

Where this bill reached, and when. A stage with no date was not reached; one that failed a vote and later carried shows the date it carried.

  1. IntroducedFeb 2, 2015
  2. Passed HouseNot reached
  3. Passed SenateNot reached
  4. To the PresidentNot reached
  5. Became lawNot reached

Summary

Student Loan Refinancing Act

Amends title IV (Student Assistance) of the Higher Education Act of 1965 to allow a borrower of a loan under the William D. Ford Federal Direct Loan program to modify the interest rate on such a loan so that its interest rate is equal to the interest rate it would bear if first disbursed at the time of modification.

Fixes that interest rate for the life of the loan, unless the borrower elects to modify it again.

Cosponsors 52

Members who signed on, in the order they did. Signatures ran from Feb 2, 2015 to Jul 5, 2016, with 10 there on the day it was introduced.

SeatCosponsorSigned on
D-CAAlan S. LowenthalOriginalFeb 2, 2015
D-FLFrederica S. WilsonOriginalFeb 2, 2015
D-ILJanice D. SchakowskyOriginalFeb 2, 2015
D-CAJudy ChuOriginalFeb 2, 2015
D-CAJulia BrownleyOriginalFeb 2, 2015
D-MNKeith EllisonOriginalFeb 2, 2015
D-ORKurt SchraderOriginalFeb 2, 2015
D-PAMatt CartwrightOriginalFeb 2, 2015
D-WIRon KindOriginalFeb 2, 2015
D-TNSteve CohenOriginalFeb 2, 2015
D-MAJames P. McGovernFeb 13, 2015
D-CAMark DeSaulnierMar 19, 2015
D-MIJohn Conyers, Jr.Apr 14, 2015
D-NYGregory W. MeeksApr 15, 2015
D-NYBrian HigginsApr 21, 2015
Show all 52 cosponsors

Actions 3

Everything that happened, newest first.

  1. Apr 29, 2015Referred to the Subcommittee on Higher Education and Workforce Training.
  2. Feb 2, 2015Introduced in House
  3. Feb 2, 2015Referred to the House Committee on Education and the Workforce.

Subjects

Assigned by the Library of Congress. Policy area: Education.

Text 1

Each version as it was printed, newest first.

  1. Feb 2, 2015Introduced in House

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Everything here is as published by Congress: the summary is the Congressional Research Service's, the action wording is the clerks', and the subjects are the Library of Congress's. How far it got is read from the actions themselves, taking the most recent one of each kind, so a bill that failed a vote and later passed is shown as having passed. Records come from this bill on Congress.gov and govinfo.gov.