House Bill 3793
116th Congress(2019-2020)
SLASH Act
Introduced
Introduced in House on Jul 17, 2019
Origin Chamber
House
Type
Bill
Bill
The primary form of legislative measure used to propose law. Depending on the chamber of origin, bills begin with a designation of either H.R. or S. Joint resolution is another form of legislative measure used to propose law.
Bill Number
3793
Congress
116
Policy Area
Education
Education
Primary focus of measure is elementary, secondary, or higher education including special education and matters of academic performance, school administration, teaching, educational costs, and student aid.
No House votes have been held for this bill.
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.
July 17, 2019
07/17/2019
Referred to the House Committee on Education and Labor.
07/17/2019
Introduced in House
Public Record
Record Updated
Nov 1, 2022 1:50:34 PM