US Congress House Bill 1899 (Prior Session Legislation)

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Spectrum: Strong Partisan Bill (Democrat 32-2)
Status: Introduced on March 27 2019 - 25% progression, died in committee
Action: 2019-03-27 - Referred to the House Committee on Education and Labor.
Pending: House Education and Labor Committee
Text: Latest bill text (Introduced) [PDF]

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.

Student Loan Refinancing and Recalculation Act

Rep. John Garamendi [D-CA]	Rep. Brian Fitzpatrick [R-PA]	Rep. Salud Carbajal [D-CA]	Rep. Jerry McNerney [D-CA]
Rep. Paul Tonko [D-NY]	Rep. Lloyd Doggett [D-TX]	Rep. Ann Kuster [D-NH]	Rep. Jim Costa [D-CA]
Rep. Raja Krishnamoorthi [D-IL]	Rep. Eleanor Norton [D-DC]	Rep. Steve Cohen [D-TN]	Rep. Chellie Pingree [D-ME]
Rep. Vicente Gonzalez [D-TX]	Rep. Kathleen Rice [D-NY]	Rep. Josh Harder [D-CA]	Rep. Debra Haaland [D-NM]
Rep. Katie Hill [D-CA]	Rep. Michael San Nicolas [D-GU]	Rep. Brendan Boyle [D-PA]	Rep. Judy Chu [D-CA]
Rep. John Katko [R-NY]	Rep. Sheila Jackson-Lee [D-TX]	Rep. Max Rose [D-NY]	Rep. Alan Lowenthal [D-CA]
Rep. Darren Soto [D-FL]	Rep. Grace Meng [D-NY]	Rep. Nydia Velazquez [D-NY]	Rep. Mark DeSaulnier [D-CA]
Rep. Cheri Bustos [D-IL]	Rep. Angela Craig [D-MN]	Rep. Elissa Slotkin [D-MI]	Rep. Abigail Spanberger [D-VA]
Rep. Michael Doyle [D-PA]	Rep. Albio Sires [D-NJ]

Date	Chamber	Action
2019-03-27	House	Referred to the House Committee on Education and Labor.
2019-03-27	House	Introduced in House

SB1696 (Related) 2019-06-03 - Read twice and referred to the Committee on Health, Education, Labor, and Pensions.
HB3674 (Related) 2019-07-10 - Referred to the House Committee on Education and Labor.

Type	Source
Summary	https://www.congress.gov/bill/116th-congress/house-bill/1899/all-info
Text	https://www.congress.gov/116/bills/hr1899/BILLS-116hr1899ih.pdf