H.R. 3793 · 116th Congress
SLASH Act
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Never voted on. It didn't reach a floor vote before the 116th Congress ended, so it expired. A bill has to be introduced again to be considered in a new Congress.
D
HornSponsor2 cosponsors · 2 D
0 signed on when it was introduced; the rest joined later. Cosponsors who withdrew aren't shown.
This bill sets the annual interest rate on all Federal Direct Stafford Loans, Federal Direct Unsubsidized Stafford Loans, and Federal Direct PLUS Loans disbursed on or after July 1, 2020, at an amount equal to the lesser of (1) the high-yield 10-year Treasury notes, or (2) 5%.
What it does: CRS summary · Introduced in House · Jul 17, 2019
Student Loan Accrual Support and Help Act or the SLASH Act
This bill sets the annual interest rate on all Federal Direct Stafford Loans, Federal Direct Unsubsidized Stafford Loans, and Federal Direct PLUS Loans disbursed on or after July 1, 2020, at an amount equal to the lesser of (1) the high-yield 10-year Treasury notes, or (2) 5%.
The bill also revises the method for calculating the applicable interest rate on a Federal Direct Consolidation Loan.
It also fixes the interest rate on such loans for the period of the loan.
Written by the nonpartisan Congressional Research Service. All summary versions on Congress.gov
About this bill and sources
Official title: SLASH Act
Also known as: Student Loan Accrual Support and Help Act
Latest action (Jul 17, 2019): Referred to the House Committee on Education and Labor.
Policy area: Education · Origin: House · Introduced: Jul 17, 2019
Official page on Congress.gov · Bill text (GovInfo) · Status record (XML)
No recorded floor vote found.