S.Amdt.652 to S.Con.Res.11114th Congress (2015-2016)
|Amends Bill:||S.Con.Res.11 — An original concurrent resolution setting forth the congressional budget for the United States Government for fiscal year 2016 and setting forth the appropriate budgetary levels for fiscal years 2017 through 2025.|
|Sponsor:||Sen. Warren, Elizabeth [D-MA] (Submitted 03/25/2015, Proposed 03/25/2015)|
|Latest Action:||03/25/2015 Amendment SA 652 not agreed to in Senate by Yea-Nay Vote. 46 - 53. Record Vote Number: 86.|
Purpose: S.Amdt. 652 — 114th Congress (2015-2016)All Information (Except Text)
To make college more affordable for middle-class families by allowing borrowers with outstanding Federal and private student loans to refinance at the equivalent interest rates that were offered to Federal student loan borrowers during the 2013-2014 school year and to fully offset the cost of such a program by requiring millionaires to pay at least a 30 percent effective Federal tax rate.