Reverse the Raid on Student Aid Act of 2006
Latest action · May 24, 2006 Referred to the Subcommittee on 21st Century Competitiveness.
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.
- IntroducedApr 6, 2006
- Passed HouseNot reached
- Passed SenateNot reached
- To the PresidentNot reached
- Became lawNot reached
Summary
Reverse the Raid on Student Aid Act of 2006 - Amends the Higher Education Act of 1965 to cut student loan interest rates to 3.4% for student borrowers and 4.25% for parent borrowers under the Federal Family Education Loan (FFEL) and William D. Ford Direct Loan programs for loans whose first disbursement is made on or after July 1, 2006. Maintains the current 6.8% interest rate, however, for unsubsidized Stafford loans for middle-income borrowers under such programs.
Cosponsors 69
Members who signed on, in the order they did. Signatures ran from Apr 6, 2006 to Dec 5, 2006, with 5 there on the day it was introduced.
| Seat | Cosponsor | Signed on | |
|---|---|---|---|
| D-MN | Betty McCollum | Original | Apr 6, 2006 |
| D-MI | Dale E. Kildee | Original | Apr 6, 2006 |
| D-MA | John F. Tierney | Original | Apr 6, 2006 |
| D-AZ | Raúl M. Grijalva | Original | Apr 6, 2006 |
| D-NY | Timothy H. Bishop | Original | Apr 6, 2006 |
| D-VA | Robert C. "Bobby" Scott | Apr 25, 2006 | |
| D-OH | Tim Ryan | Apr 25, 2006 | |
| D-NJ | Frank Pallone, Jr. | Apr 27, 2006 | |
| D-MD | Chris Van Hollen | May 2, 2006 | |
| D-WV | Nick J. Rahall II | May 2, 2006 | |
| D-IL | Rahm Emanuel | May 2, 2006 | |
| D-MA | Barney Frank | May 11, 2006 | |
| D-NY | Major R. Owens | May 16, 2006 | |
| D-FL | Robert Wexler | May 16, 2006 | |
| D-CA | Susan A. Davis | May 16, 2006 |
Actions 3
Everything that happened, newest first.
- May 24, 2006Referred to the Subcommittee on 21st Century Competitiveness.
- Apr 6, 2006Introduced in House
- Apr 6, 2006Referred to the House Committee on Education and the Workforce.
Related bills 1
Companion bills and other measures the record links to this one.
| Bill | Title | Relationship | Latest action |
|---|---|---|---|
| S 2573 | Reverse the Raid on Student Aid Act of 2006 | Related bill | Jun 27, 2006 |
Subjects
Assigned by the Library of Congress. Policy area: Education.
Text 1
Each version as it was printed, newest first.
- Apr 6, 2006Introduced in House
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.