3.0.0 3793 2022-11-01T13:50:34Z 2022-11-01T13:50:34Z House HR 2019-07-17 116 [Congressional Record Volume 165, Number 120 (Wednesday, July 17, 2019)][House]From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]By Ms. KENDRA S. HORN of Oklahoma:H.R. 3793.Congress has the power to enact this legislation pursuantto the following:The Taxing & Spending Clause (Art. I, Sec. 8, cl. 1)The Necessary & Proper Clause (Art. I, Sec. 8, cl. 18)[Page H6000]]]> hsed00 Education and the Workforce Committee House Standing Referred to 2019-07-17T14:03:40Z 2019-07-17 Referred to the House Committee on Education and Labor. IntroReferral H11100 2 House floor actions hsed00 Education and the Workforce Committee 2019-07-17 Introduced in House IntroReferral Intro-H 9 Library of Congress 2019-07-17 Introduced in House IntroReferral 1000 9 Library of Congress H001083 Rep. Horn, Kendra S. [D-OK-5] Kendra Horn D OK S. 5 N A000371 Rep. Aguilar, Pete [D-CA-31] Pete Aguilar D CA 31 2019-10-16 False V000133 Rep. Van Drew, Jefferson [D-NJ-2] Jefferson Van Drew D NJ 2 2019-11-21 False Education Administrative law and regulatory procedures Government lending and loan guarantees Higher education Interest, dividends, interest rates Student aid and college costs Education 00 2019-07-17 Introduced in House 2021-02-01T21:56:34Z 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.

]]> SLASH Act Display Title SLASH Act Official Title as Introduced To amend the Higher Education Act of 1965 to include interest rate provisions for Federal loans made on or after July 1, 2020. Introduced in House IH Short Title(s) as Introduced SLASH Act Introduced in House IH Short Title(s) as Introduced Student Loan Accrual Support and Help Act Introduced in House IH Introduced in House 2019-07-17T04:00:00Z https://www.govinfo.gov/content/pkg/BILLS-116hr3793ih/xml/BILLS-116hr3793ih.xml 2019-07-17 Referred to the House Committee on Education and Labor. text/xml EN Pursuant to Title 17 Section 105 of the United States Code, this file is not subject to copyright protection and is in the public domain. Congressional Research Service, Library of Congress This file contains bill summaries and statuses for federal legislation. A bill summary describes the most significant provisions of a piece of legislation and details the effects the legislative text may have on current law and federal programs. Bill summaries are authored by the Congressional Research Service (CRS) of the Library of Congress. As stated in Public Law 91-510 (2 USC 166 (d)(6)), one of the duties of CRS is "to prepare summaries and digests of bills and resolutions of a public general nature introduced in the Senate or House of Representatives". For more information, refer to the User Guide that accompanies this file.