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H.R. 649: Student Loan Refinancing Act

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H.R. 649: Student Loan Refinancing Act

114th Congress · introduced 2015-02-02 · Education · Latest: Referred to the Subcommittee on Higher Education and Workforce Training.

federal

Follow this bill, step by step

  1. Where it came from: introduced 2015-02-02 · official record
  2. Who proposed it: Rep. Pocan, Mark [D-WI-2] · 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 Loan Refinancing Act

Plain summary

Student Loan Refinancing Act Amends title IV (Student Assistance) of the Higher Education Act of 1965 to allow a borrower of a loan under the William D. Ford Federal Direct Loan program to modify the interest rate on such a loan so that its interest rate is equal to the interest rate it would bear if first disbursed at the time of modification. Fixes that interest rate for the life of the loan, unless the borrower elects to modify it again.

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 Loan Refinancing Act

Source: Congressional Research Service summary (Introduced in House)

AI explanation – may be wrong, check the official text

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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. Pocan, Mark [D-WI-2] · 52 cosponsors

Cost estimate: No cost estimate published yet.

Cosponsors on this site

Janice D. Schakowsky (D-IL), Frederica S. Wilson (D-FL), Judy Chu (D-CA), Steve Cohen (D-TN), Julia Brownley (D-CA), James P. McGovern (D-MA), Mark DeSaulnier (D-CA), Gregory W. Meeks (D-NY), Doris O. Matsui (D-CA), Juan Vargas (D-CA), Bennie G. Thompson (D-MS), Zoe Lofgren (D-CA), Scott H. Peters (D-CA), Lloyd Doggett (D-TX), Donald S. Beyer, Jr. (D-VA), Peter Welch (D-VT), Joyce Beatty (D-OH), Ted Lieu (D-CA), Gwen Moore (D-WI), Glenn Grothman (R-WI), Betty McCollum (D-MN), Brendan F. Boyle (D-PA), Yvette D. Clarke (D-NY), Grace Meng (D-NY), Kathy Castor (D-FL)

Sponsor's campaign money: Rep. Pocan, Mark [D-WI-2] reported raising $1.0 million (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.

Sources

Record fed-us-cong114-hr649 · catalog fed-us-congress-bills-cong114 · updated 2026-11-15 by psicol fed-bills-cong114