A bill to amend the Higher Education Act of 1965 to establish fixed interest rates for student and parent borrowers, to extend current law with respect to special allowances for lenders, and for other purposes.
Latest action · Feb 8, 2002 Became Public Law No: 107-139.
Progress
Where this bill reached, and when. A stage with no date was not reached; one that failed a vote and later carried shows the date it carried.
- IntroducedDec 4, 2001
- Passed SenateDec 14, 2001
- Passed HouseJan 24, 2002
- To the PresidentJan 30, 2002
- Became lawFeb 8, 2002Public Law 107-139
Summary
Extends provisions for special allowances for lenders. Prohibits payment of such special allowances in the case of PLUS loans made on or after July 1, 2006, unless a certain percentage is reached according to a formula based in part on the average of certain bond equivalent rates published by the Federal Reserve System's Board of Governors for the last calendar week before such date.
Recorded votes 2
Newest first. Open one to see how every member voted.
| Roll call | Question | Result | Date |
|---|---|---|---|
| House 4 | On Passage | Passed372–3 | Jan 24, 2002 |
| House 512 | On Motion to Suspend the Rules and Pass | Failed257–148 | Dec 20, 2001 |
Cosponsors 1
Members who signed on, in the order they did. All signed on Dec 13, 2001.
| Seat | Cosponsor | Signed on | |
|---|---|---|---|
| R-ME | Susan M. Collins | Dec 13, 2001 |
Committees 1
Where it was sent and what each committee and subcommittee did with it, in order.
| Chamber | Committee | What it did |
|---|---|---|
| Senate | Health, Education, Labor, and Pensions Committee | Referred Dec 4, 2001Reported Dec 12, 2001 |
Actions 26
Everything that happened, newest first.
- Feb 8, 2002Signed by President.
- Feb 8, 2002Became Public Law No: 107-139.
- Jan 30, 2002Presented to President.
- Jan 24, 2002Rule H. Res. 334 passed House.
- Jan 24, 2002Considered under the provisions of rule H. Res. 334. (consideration: CR H43-48)
- Jan 24, 2002Rule provides for consideration of S. 1762 with 1 hour of general debate. Previous question shall be considered as ordered without intervening motions. Measure will be considered read. Bill is closed to amendments. One motion to commit is in order, if offered.
- Jan 24, 2002DEBATE - The House proceeded with one hour of debate on S. 1762.
- Jan 24, 2002The previous question was ordered pursuant to the rule.
- Jan 24, 2002Passed/agreed to in House: On passage Passed by the Yeas and Nays: 372 - 3 (Roll no. 4). (text: CR H43)
- Jan 24, 2002Motion to reconsider laid on the table Agreed to without objection.
- Jan 23, 2002Rules Committee Resolution H. Res. 334 Reported to House. Rule provides for consideration of S. 1762 with 1 hour of general debate. Previous question shall be considered as ordered without intervening motions. Measure will be considered read. Bill is closed to amendments. One motion to commit is in order, if offered.
- Dec 20, 2001Mr. Boehner moved to suspend the rules and pass the bill.
- Dec 20, 2001Considered under suspension of the rules. (consideration: CR 12/19/2001 H10887-10891)
- Dec 20, 2001DEBATE - The House proceeded with forty minutes of debate on S. 1762.
- Dec 20, 2001At the conclusion of debate, the chair put the question on the motion to suspend the rules. Mr. Miller, George objected to the vote on the grounds that a quorum was not present. Further proceedings on the motion were postponed. The point of no quorum was withdrawn.
- Dec 20, 2001Considered as unfinished business. (consideration: CR H10937-10938)
- Dec 20, 2001Failed of passage/not agreed to in House: On motion to suspend the rules and pass the bill Failed by recorded vote (2/3 required): 257 - 148 (Roll no. 512). (text: CR 12/19/2001 H10887-10888)
- Dec 20, 2001Motion to reconsider laid on the table Agreed to without objection.
- Dec 17, 2001Message on Senate action sent to the House.
- Dec 17, 2001Received in the House.
- Dec 17, 2001Held at the desk.
- Dec 14, 2001Passed/agreed to in Senate: Passed Senate without amendment by Unanimous Consent. (consideration: CR S13310-13311; text as passed Senate: CR S13310-13311)
- Dec 12, 2001Committee on Health, Education, Labor, and Pensions. Reported by Senator Kennedy without amendment. Without written report.
- Dec 12, 2001Placed on Senate Legislative Calendar under General Orders. Calendar No. 277.
- Dec 4, 2001Introduced in Senate
- Dec 4, 2001Read twice and referred to the Committee on Health, Education, Labor, and Pensions.
In the Congressional Record 7
Days the Record’s own index lists this bill, newest first, with the pages and the members it names. Pages starting H are the House, S the Senate, E Extensions of Remarks.
| Where | In the Record | Members | Date |
|---|---|---|---|
| Extensions | Debate and remarks E101 | Betty McCollum D-MN | Feb 6, 2002 |
| Extensions | Debate and remarks E71 | Sheila Jackson Lee D-TX | Feb 5, 2002 |
| Extensions | Debate and remarks E30 | Patsy T. Mink D-HI | Jan 25, 2002 |
| House | Debate and remarks H41–H43, H43–H48Text printed H41, H43Recorded votes H47establish and extend | Bart Gordon D-TN, Benjamin A. Gilman R-NY, Carolyn McCarthy D-NY, Deborah Pryce R-OH, George Miller D-CA, Howard P. "Buck" McKeon R-CA, Jim Nussle R-IA, John A. Boehner R-OH, Johnny Isakson R-GA, Juanita Millender-McDonald D-CA, Louise McIntosh Slaughter D-NY, Paul E. Kanjorski D-PA, Robert E. Andrews D-NJ, Ron Lewis R-KY, Tom Davis R-VA | Jan 24, 2002 |
| House · Extensions | Debate and remarks E2400, H10937, H10938Recorded votes H10937establish and extend | Patsy T. Mink D-HI, Richard K. Armey R-TX | Dec 20, 2001 |
Research
What has been written about this bill: committee reports, cost estimates, the sponsor’s authority statement, printed hearings and the Congressional Research Service’s work.
Congressional Budget Office cost estimates 2
- Jan 30, 2002S. 1762, An act to amend the Higher Education Act of 1965 to establish fixed interest rates for student and parent borrowers, to extend current law with respect to special allowances for lenders, and for other purposes<p>Pay-as-you-go estimate for the bill as cleared by the Congress on January 24, 2002</p>
- Jan 30, 2002S. 1762, An act to amend the Higher Education Act of 1965 to establish fixed interest rates for student and parent borrowers, to extend current law with respect to special allowances for lenders, and for other purposesPay-as-you-go estimate for the bill as cleared by the Congress on January 24, 2002
CRS reports 9
Congressional Research Service work that CRS links to this bill or the law it became, newest first.
Cite it 9
Products on other subjects that cite it, usually among other measures.
| Product | Title | Kind | Published |
|---|---|---|---|
| R45864 | Tax Policy and Disaster Recovery | Report | Sep 3, 2021 |
| RL34016 | Legal Services Corporation: Background and Funding Archived | Report | Dec 21, 2016 |
| R44584 | Implementing Bills for Trade Agreements: Statutory Procedures under Trade Promotion Authority Archived | Report | Aug 12, 2016 |
| R40122 | Federal Student Loans Made Under the Federal Family Education Loan Program and the William D. Ford Federal Direct Loan Program: Terms and Conditions for Borrowers Archived | Report | Jun 22, 2015 |
| R43094 | An Examination of Student Loan Interest Rate Proposals in the 113th Congress Archived | Report | Jul 26, 2013 |
Related bills 1
Companion bills and other measures the record links to this one.
| Bill | Title | Relationship | Latest action |
|---|---|---|---|
| HRES 334 | Providing for consideration of the bill (S. 1762) to amend the Higher Education Act of 1965 to establish fixed interest rates for student and parent borrowers, to extend current law with respect to special allowances for lenders, and for other purposes. | Procedurally related | Jan 24, 2002 |
Titles 1
Every title it has carried, official and short, at each stage.
- Official Title as Introduced
- A bill to amend the Higher Education Act of 1965 to establish fixed interest rates for student and parent borrowers, to extend current law with respect to special allowances for lenders, and for other purposes.
Subjects
Assigned by the Library of Congress. Policy area: Education.
Text 4
Each version as it was printed, newest first.
- —Enrolled Bill
- Dec 14, 2001Engrossed in Senate
- Dec 12, 2001Reported to Senate
- Dec 4, 2001Introduced in Senate
Everything here is as published by Congress: the summary is the Congressional Research Service's, the action wording is the clerks', and the subjects are the Library of Congress's. How far it got is read from the actions themselves, taking the most recent one of each kind, so a bill that failed a vote and later passed is shown as having passed. Records come from this bill on Congress.gov and govinfo.gov; cost estimates are the Congressional Budget Office's, and the hearings are the printed hearings GovInfo publishes, which can appear months after the hearing.
