H.R. 3793: SLASH Act
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H.R. 3793: SLASH Act
116th Congress · introduced 2019-07-17 · Education · Latest: Referred to the House Committee on Education and Labor.
federal
Follow this bill, step by step
- Where it came from: introduced 2019-07-17 · official record
- Who proposed it: Rep. Horn, Kendra S. [D-OK-5] · what a sponsor is
- What happened next: no floor votes in our records yet. Why?
- 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.
- If it becomes law and spends money: follow the money to money laws, then agencies and contracts and grants.
Official title
SLASH Act
Plain summary
Student Loan Accrual Support and Help Act or the SLASH Act This bill sets the annual interest rate on all Federal Direct Stafford Loans, Federal Direct Unsubsidized Stafford Loans, and Federal Direct PLUS Loans disbursed on or after July 1, 2020, at an amount equal to the lesser of (1) the high-yield 10-year Treasury notes, or (2) 5%. The bill also revises the method for calculating the applicable interest rate on a Federal Direct Consolidation Loan. It also fixes the interest rate on such loans for the period of the loan.
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)
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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. Horn, Kendra S. [D-OK-5] · 2 cosponsors
Cost estimate: No cost estimate published yet.
Cosponsors on this site
Pete Aguilar (D-CA), Jefferson Van Drew (R-NJ)
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
- Congressional Research Service summary (Introduced in House)
- Congress.gov
- Data: GovInfo BILLSTATUS bulk data (Library of Congress), BILLSTATUS-116hr3793.xml <https://www.govinfo.gov/bulkdata/BILLSTATUS/116/hr>
Record fed-us-cong116-hr3793 · catalog fed-us-congress-bills-cong116 · updated 2026-11-15 by psicol fed-bills-cong116