To amend the Higher Education Act of 1965 to impose a fee on holdings of student loans.
Student Loan Marketplace Equity Act - Amends the Higher Education Act of 1965 to impose a special fee on the entity whose portfolio of interests in student loans has the greatest value (dominant lender), as determined annually by the Secretary of Education.
Requires the dominant lender to pay the fee to the Secretary monthly, calculated annually in an amount equal to 0.25% of such portfolio value.
Introduced in House
Introduced in House
Referred to the House Committee on Education and the Workforce.
Referred to the Subcommittee on 21st Century Competitiveness.
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