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H.R. 3675: Student Borrower Fairness Act

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H.R. 3675: Student Borrower Fairness Act

114th Congress · introduced 2015-10-01 · Taxation · Latest: Referred to the Subcommittee on Higher Education and Workforce Training.

federal

Follow this bill, step by step

  1. Where it came from: introduced 2015-10-01 · official record
  2. Who proposed it: Rep. DeSaulnier, Mark [D-CA-11] · what a sponsor is
  3. What happened next: no floor votes in our records yet. Why?
  4. Where it stands now: Referred to the Subcommittee on Higher Education and Workforce Training. Not final yet: this can still change. We check for updates every day.
  5. If it becomes law and spends money: follow the money to money laws, then agencies and contracts and grants.

What does this mean?

Official title

Student Borrower Fairness Act

Plain 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.

Congressional Research Service summary (Introduced in House), quoted unchanged (nonpartisan). Read the source.

What a vote does

A “Yea” vote

If it passes both chambers and is signed, it becomes law.

A “Nay” vote

If it is not passed, current law stays as it is.

PSI Sci description of the legislative step (not an opinion).

What does this mean? (plain words)

Official text

Student Borrower Fairness Act

Source: Congressional Research Service summary (Introduced in House)

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The strongest published arguments

Arguments for (supporters)

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Arguments against (opponents)

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Alternatives

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How did my representative vote? · This bill's floor votes

Officials and money

Sponsor: Rep. DeSaulnier, Mark [D-CA-11] · 6 cosponsors

Cost estimate: No cost estimate published yet.

Cosponsors on this site

Mark Takano (D-CA), Jared Huffman (D-CA), Judy Chu (D-CA), John Garamendi (D-CA)

Sponsor's campaign money: Rep. DeSaulnier, Mark [D-CA-11] reported raising $721,776 (2025–2026). Details. Shown for context only; it does not mean any donor supported this bill.

No linked floor roll calls in our collected records yet. This does not mean the bill has never had a vote. Check the official bill history.

Words on this page, explained (1)
Bill
A proposed law. It becomes law only if it passes the legislature and is signed by the president or governor (or a veto is overridden).

Plain meanings written from linked sources. All words.

Sources

Record fed-us-cong114-hr3675 · catalog fed-us-congress-bills-cong114 · updated 2026-11-15 by psicol fed-bills-cong114