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H.R. 3346

Referred to Committee

Student Opportunity Act

Introduced 7/20/2017•115th Congress•House

Latest Action

Referred to the Committee on Education and the Workforce, and in addition to the Committee on Ways and Means, 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.

7/20/2017 • House

Summary

Student Opportunity Act

This bill amends title IV (Student Assistance) of the Higher Education Act of 1965 to direct the Department of Education to establish a program to refinance the outstanding principal, interest, and late charges on Federal Direct Loans (DLs) and Federal Family Education Loans (FFELs) in order to give a borrower a fixed interest rate equal to the 10-year Treasury note rate plus .5 percentage point.

Introduced in House • 7/20/2017

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Topics & Subjects

Policy Area: Education
Government lending and loan guaranteesHigher educationIncome tax exclusionInterest, dividends, interest ratesStudent aid and college costsUser charges and fees

Congressional Votes (0)

No recorded votes yet

Roll call votes will appear here as the bill moves through Congress

Related Federal Spending

Sponsor & Cosponsors (13)

Party Breakdown

13
Democrats
0
Republicans
0
Independents

Sponsor

R[
Rep. Lawson, Al, Jr. [D-FL-5]

Democrat • FL-5

Sponsored 7/20/2017

Cosponsors (12)

R[
Rep. Velazquez, Nydia M. [D-NY-7]

D-NY-7

Joined 7/28/2017

R[
R[
Rep. Adams, Alma S. [D-NC-12]

D-NC-12

Joined 7/28/2017

R[
Rep. Evans, Dwight [D-PA-2]

D-PA-2

Joined 7/28/2017

Bill Journey

Originated in the House

Introduced

July 20, 2017

Referred to the Committee on Education and the Workforce, and in addition to the Committee on Ways and Means, 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.

Committee Review

Floor Debate

Passed Chamber

Other Chamber

President

Enacted into Law

Text Versions (1)

Introduced in House7/20/2017

Details

Bill TypeHR
Current StatusReferred to Committee
Cosponsors12