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HR 3675 114th Congress House

Student Borrower Fairness Act

Official title: To amend the Higher Education Act of 1965 to ensure that student loans are available at interest rates that do not exceed the interest rates at which the Feder… Show full official titleShow less

Official title: To amend the Higher Education Act of 1965 to ensure that student loans are available at interest rates that do not exceed the interest rates at which the Federal Government provides loans to banks through the discount window operated by the Federal Reserve System, and for other purposes.

Introduced: October 1, 2015 Introduced by: DeSaulnier, Mark Democratic · California See on congress.gov
Taxation Contracts and agencyCorporate finance and managementForeign laborHigher education
More subjectsShow fewer subjects
Income tax ratesInterest, dividends, interest ratesStudent aid and college costsWages and earnings
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This bill died when the 114th Congress ended
It never became law before the 114th Congress (2015–2016) adjourned, and bills don't carry over to the next Congress. It would have to be reintroduced. You can still save it for reference, but it won't receive updates.
 Everywhere this bill has been 3 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Mar 23, 2016
Referred to the Subcommittee on Higher Education and Workforce Training.
Oct 1, 2015
Referred to the Committee on Ways and Means, and in addition to the Committee on Education and the Workforce, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.
Oct 1, 2015
Introduced in House
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 Latest action March 23, 2016

Referred to the Subcommittee on Higher Education and Workforce Training.

 Plain-English summary Congressional Research Service

Student Borrower Fairness Act

This bill amends the Higher Education Act of 1965 to permit student loan borrowers to refinance their loans at interest rates offered on loans to banks by the Federal Reserve System. The cost of this bill is offset by an amendment to the Internal Revenue Code that increases the corporate income rate on companies that pay their chief executive officers or highest paid employees more than 100 times the median compensation of all their employees.

 Related & companion bills 1
  • HR 6242 Related bill CEO Accountability and Responsibility Act
 Bill text 1 version

Source documents hosted by congress.gov.

 Committees of jurisdiction 3
 Cosponsors 4
All 4 Democratic 4
D
Garamendi, John
California · Mar 21, 2016
 D
Chu, Judy
California · Oct 1, 2015
 D
Huffman, Jared
California · Oct 1, 2015
 D
Takano, Mark
California · Oct 1, 2015
Cite this page click to expand
APA
U.S. Congress. (2026). H.R. 3675: Student Borrower Fairness Act. 114th Congress. Open America. https://openamerica.io/bill/114-HR-3675/
MLA
"H.R. 3675: Student Borrower Fairness Act." 114th Congress, 2026, Open America, https://openamerica.io/bill/114-HR-3675/.
Bluebook (legal)
H.R. 3675, 114th Cong. (2026), https://openamerica.io/bill/114-HR-3675/.
Markdown link
[H.R. 3675: Student Borrower Fairness Act](https://openamerica.io/bill/114-HR-3675/)
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