HR 1899 · 116th Congress 2019–2021, ended

Student Loan Refinancing and Recalculation Act

Introduced Mar 27, 2019 Originated House Sponsor John Garamendi D-CA

Fact sheet Spreadsheet

Latest action · Mar 27, 2019 Referred to the House Committee on Education and Labor.

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. IntroducedMar 27, 2019
  2. Passed HouseNot reached
  3. Passed SenateNot reached
  4. To the PresidentNot reached
  5. Became lawNot reached

Summary

Student Loan Refinancing and Recalculation Act

This bill provides for the refinancing or deferral of certain federal student loans.

Specifically, the bill directs the Department of Education to establish a program to refinance the outstanding principal, interest, and late charges on federal student loans in order to give borrowers fixed interest rates equal to the 10-year Treasury note rate plus one percentage point. Further, the bill eliminates origination fees on the loans.

In addition, the bill allows borrowers in medical or dental internship or residency programs to defer student loan payments until the completion of their programs.

Cosponsors 33

Members who signed on, in the order they did. Signatures ran from Mar 27, 2019 to Nov 17, 2020; 24 are original cosponsors, there from the day it was introduced.

SeatCosponsorSigned on
D-CAAlan S. LowenthalOriginalMar 27, 2019
D-NHAnn M. KusterOriginalMar 27, 2019
D-PABrendan F. BoyleOriginalMar 27, 2019
R-PABrian K. FitzpatrickOriginalMar 27, 2019
D-MEChellie PingreeOriginalMar 27, 2019
D-FLDarren SotoOriginalMar 27, 2019
D-NMDebra A. HaalandOriginalMar 27, 2019
D-DCEleanor Holmes NortonOriginalMar 27, 2019
D-CAJerry McNerneyOriginalMar 27, 2019
D-CAJim CostaOriginalMar 27, 2019
R-NYJohn KatkoOriginalMar 27, 2019
D-CAJosh HarderOriginalMar 27, 2019
D-CAJudy ChuOriginalMar 27, 2019
D-NYKathleen M. RiceOriginalMar 27, 2019
D-CAKatie HillOriginalMar 27, 2019
D-TXLloyd DoggettOriginalMar 27, 2019
D-NYMax RoseOriginalMar 27, 2019
D-GUMichael F. Q. San NicolasOriginalMar 27, 2019
D-NYPaul TonkoOriginalMar 27, 2019
D-ILRaja KrishnamoorthiOriginalMar 27, 2019
D-CASalud O. CarbajalOriginalMar 27, 2019
D-TXSheila Jackson LeeOriginalMar 27, 2019
D-TNSteve CohenOriginalMar 27, 2019
D-TXVicente GonzalezOriginalMar 27, 2019
D-NYGrace MengApr 1, 2019
D-NYNydia M. VelázquezApr 12, 2019
D-ILCheri BustosMay 3, 2019
D-CAMark DeSaulnierMay 3, 2019
D-MNAngie CraigJun 13, 2019
D-MIElissa SlotkinJul 30, 2019
D-VAAbigail Davis SpanbergerAug 16, 2019
D-PAMichael F. DoyleJan 21, 2020
D-NJAlbio SiresNov 17, 2020

Committees 1

Where it was sent and what each committee and subcommittee did with it, in order.

ChamberCommitteeWhat it did
HouseEducation and Workforce Committee
Referred Mar 27, 2019

Actions 2

Everything that happened, newest first.

  1. Mar 27, 2019Introduced in House
  2. Mar 27, 2019Referred to the House Committee on Education and Labor.

In the Congressional Record 1

Days the Record’s own index lists this bill, newest first, with the pages and the members it names. Pages starting H are the House, S the Senate, E Extensions of Remarks.

WhereIn the RecordMembersDate
HouseDebate and remarks H4302John Garamendi D-CAJun 4, 2019

Research

What has been written about this bill: committee reports, cost estimates, the sponsor’s authority statement, printed hearings and the Congressional Research Service’s work.

Constitutional authority

Congress has the power to enact this legislation pursuant to the following: Article 1, Section 8 of the U.S. Constitution

The sponsor’s statement, as printed in the Congressional Record, vol. 165, no. 53, March 27, 2019, page H2886.

Related bills 4

Companion bills and other measures the record links to this one.

BillTitleRelationshipLatest action
S 1696Student Loan Tax Elimination ActRelated billJun 3, 2019
HR 1918Student Loan Refinancing and Recalculation ActReintroduced BillMar 16, 2021
HR 3674Eliminating the Hidden Student Loan Tax ActRelated billJul 10, 2019
HR 4001Student Loan Refinancing and Recalculation ActReintroduction ofOct 10, 2017

Titles 2

Every title it has carried, official and short, at each stage.

Official Title as Introduced
To provide for the refinancing and recalculation of certain Federal student loans, and for other purposes.
Short Title(s) as Introduced
Student Loan Refinancing and Recalculation Act

Subjects

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

Text 1

Each version as it was printed, newest first.

  1. Mar 27, 2019Introduced 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; cost estimates are the Congressional Budget Office's, and the hearings are the printed hearings GovInfo publishes, which can appear months after the hearing.