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H.R. 1899: Student Loan Refinancing and Recalculation Act

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H.R. 1899: Student Loan Refinancing and Recalculation Act

116th Congress · introduced 2019-03-27 · Education · Latest: Referred to the House Committee on Education and Labor.

federal

Follow this bill, step by step

  1. Where it came from: introduced 2019-03-27 · 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 Labor. 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 provides for the refinancing or deferral of certain federal student loans. Specifically, the bill directs the Department of Education to establish a program to refinance the outstanding principal, interest, and late charges on federal student loans in order to give borrowers fixed interest rates equal to the 10-year Treasury note rate plus one percentage point. Further, the bill eliminates origination fees on the loans. 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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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] · 33 cosponsors

Cost estimate: No cost estimate published yet.

Cosponsors on this site

Brian K. Fitzpatrick (R-PA), Salud O. Carbajal (D-CA), Paul Tonko (D-NY), Lloyd Doggett (D-TX), Jim Costa (D-CA), Raja Krishnamoorthi (D-IL), Eleanor Holmes Norton (D-DC), Steve Cohen (D-TN), Chellie Pingree (D-ME), Vicente Gonzalez (D-TX), Josh Harder (D-CA), Brendan F. Boyle (D-PA), Judy Chu (D-CA), Darren Soto (D-FL), Grace Meng (D-NY), Nydia M. Velázquez (D-NY), Mark DeSaulnier (D-CA), Angie Craig (D-MN), Elissa Slotkin (D-MI)

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-cong116-hr1899 · catalog fed-us-congress-bills-cong116 · updated 2026-11-15 by psicol fed-bills-cong116