US HB3675 | 2015-2016 | 114th Congress
Status
Spectrum: Partisan Bill (Democrat 7-0)
Status: Introduced on October 1 2015 - 25% progression, died in committee
Action: 2016-03-23 - Referred to the Subcommittee on Higher Education and Workforce Training.
Pending: House Subcommittee on Higher Education and Workforce Training Committee
Text: Latest bill text (Introduced) [PDF]
Status: Introduced on October 1 2015 - 25% progression, died in committee
Action: 2016-03-23 - Referred to the Subcommittee on Higher Education and Workforce Training.
Pending: House Subcommittee on Higher Education and Workforce Training Committee
Text: Latest bill text (Introduced) [PDF]
Summary
Student Borrower Fairness Act This bill amends the Higher Education Act of 1965 to permit student loan borrowers to refinance their loans at interest rates offered on loans to banks by the Federal Reserve System. The cost of this bill is offset by an amendment to the Internal Revenue Code that increases the corporate income rate on companies that pay their chief executive officers or highest paid employees more than 100 times the median compensation of all their employees.
Title
Student Borrower Fairness Act
Sponsors
| Rep. Mark DeSaulnier [D-CA] | Rep. Mark Takano [D-CA] | Rep. Jared Huffman [D-CA] | Rep. Judy Chu [D-CA] |
| Rep. Alan Lowenthal [D-CA] | Rep. Louise Slaughter [D-NY] | Rep. John Garamendi [D-CA] |
History
| Date | Chamber | Action |
|---|---|---|
| 2016-03-23 | House | Referred to the Subcommittee on Higher Education and Workforce Training. |
| 2015-10-01 | House | Referred to House Education and the Workforce |
| 2015-10-01 | House | Referred to House Ways and Means |
| 2015-10-01 | House | Referred to the Committee on Ways and Means, and in addition to the Committee on Education and the Workforce, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned. |
| 2015-10-01 | House | Introduced in House |
Subjects
Contracts and agency
Corporate finance and management
Foreign labor
Higher education
Income tax rates
Interest, dividends, interest rates
Student aid and college costs
Taxation
Wages and earnings
Corporate finance and management
Foreign labor
Higher education
Income tax rates
Interest, dividends, interest rates
Student aid and college costs
Taxation
Wages and earnings
US Congress State Sources
| Type | Source |
|---|---|
| Summary | https://www.congress.gov/bill/114th-congress/house-bill/3675/all-info |
| Text | https://www.congress.gov/114/bills/hr3675/BILLS-114hr3675ih.pdf |
