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H.R. 4001: Student Loan Refinancing and Recalculation Act

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H.R. 4001: Student Loan Refinancing and Recalculation Act

115th Congress · introduced 2017-10-10 · Education · Latest: Referred to the House Committee on Education and the Workforce.

federal

Follow this bill, step by step

  1. Where it came from: introduced 2017-10-10 · official record
  2. Who proposed it: Rep. Garamendi, John [D-CA-3] · what a sponsor is
  3. What happened next: no floor votes in our records yet. Why?
  4. Where it stands now: Referred to the House Committee on Education and the Workforce. 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 and Recalculation Act

Plain summary

Student Loan Refinancing and Recalculation Act This bill amends 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 one percentage point. In addition, the bill allows borrowers in medical or dental internship or residency programs to defer student loan payments until the completion of their programs.

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 and Recalculation 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. Garamendi, John [D-CA-3] · 28 cosponsors

Cost estimate: No cost estimate published yet.

Cosponsors on this site

Brian K. Fitzpatrick (R-PA), Brendan F. Boyle (D-PA), Judy Chu (D-CA), Lloyd Doggett (D-TX), Vicente Gonzalez (D-TX), Gregory W. Meeks (D-NY), Paul Tonko (D-NY), Jim Costa (D-CA), Chellie Pingree (D-ME), Salud O. Carbajal (D-CA), Raja Krishnamoorthi (D-IL), Grace Meng (D-NY), Eleanor Holmes Norton (D-DC), Henry Cuellar (D-TX), Steve Cohen (D-TN), Mark Pocan (D-WI), André Carson (D-IN), Mark DeSaulnier (D-CA), Darren Soto (D-FL)

Sponsor's campaign money: Rep. Garamendi, John [D-CA-3] reported raising $582,746 (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-cong115-hr4001 · catalog fed-us-congress-bills-cong115 · updated 2026-11-15 by psicol fed-bills-cong115