1. Short title This Act may be cited as the Student Loan Relief Act of 2019 . 2. Temporary authority to reduce student loan interest rates Part D of title IV of the Higher Education Act of 1965 ( 20 U.S.C. 1087a et seq.) is amended by inserting after section 459B the following new section: 459C. Temporary authority to reissue student loans to reduce interest rates (a) Temporary authority To reissue student loans To reduce interest rates Notwithstanding section 455(b)(9)(C) or any other provision of this Act, for the 10-year period beginning on the date of enactment of the Student Loan Relief Act of 2019 , the Secretary is authorized to reissue a loan which was made under this part on or after the date that was 20 years before the date of enactment of the Student Loan Relief Act of 2019 , and before the date that is 10 years after such date of enactment, in order to permit the borrower to obtain a reduced interest rate in accordance with this section. (b) Eligibility (1) In general The Secretary shall reissue a loan under this section for a borrower who— (A) has an outstanding balance on one or more loans made under this part