HR 3826 · 112th Congress 2011–2013, ended

To amend the Higher Education Act of 1965 to extend the reduced interest rate for Federal Direct Stafford Loans.

Introduced Jan 25, 2012 Originated House Sponsor Joe Courtney D-CT

Latest action · Mar 29, 2012 Referred to the Subcommittee on Higher Education and Workforce Training.

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.

IntroducedJan 25, 2012
Passed HouseNot reached
Passed SenateNot reached
To the PresidentNot reached
Became lawNot reached

Summary

Amends title IV (Student Assistance) of the Higher Education Act of 1965 to make the 3.4% interest rate on Direct Stafford loans first disbursed to undergraduate students between July 1, 2011, and July 1, 2012, applicable to Direct Stafford loans first disbursed to undergraduate students on or after July 1, 2012.

Cosponsors 154

Members who signed on, in the order they did. Signatures ran from Jan 25, 2012 to Jun 21, 2012; 9 are original cosponsors, there from the day it was introduced.

Seat	Cosponsor		Signed on
D-IA	Bruce L. Braley	Original	Jan 25, 2012
D-DC	Eleanor Holmes Norton	Original	Jan 25, 2012
D-CA	Fortney Pete Stark	Original	Jan 25, 2012
D-MI	Gary C. Peters	Original	Jan 25, 2012
D-MI	Hansen Clarke	Original	Jan 25, 2012
D-IL	Jesse L. Jackson, Jr.	Original	Jan 25, 2012
D-AZ	Raúl M. Grijalva	Original	Jan 25, 2012
D-TX	Ruben Hinojosa	Original	Jan 25, 2012
D-TX	Silvestre Reyes	Original	Jan 25, 2012
D-IN	André Carson		Jan 31, 2012
D-CA	Anna G. Eshoo		Jan 31, 2012
D-CA	Barbara Lee		Jan 31, 2012
D-MS	Bennie G. Thompson		Jan 31, 2012
D-MN	Betty McCollum		Jan 31, 2012
D-CA	Bob Filner		Jan 31, 2012
D-CA	Brad Sherman		Jan 31, 2012
D-NY	Carolyn B. Maloney		Jan 31, 2012
D-NY	Charles B. Rangel		Jan 31, 2012
D-NC	David E. Price		Jan 31, 2012
D-MD	Donna F. Edwards		Jan 31, 2012
D-NJ	Frank Pallone, Jr.		Jan 31, 2012
D-NY	Gary L. Ackerman		Jan 31, 2012
D-MP	Gregorio Kilili Camacho Sablan		Jan 31, 2012
D-WI	Gwen Moore		Jan 31, 2012
D-GA	Henry C. "Hank" Johnson, Jr.		Jan 31, 2012
D-CA	Howard L. Berman		Jan 31, 2012
D-CA	Jackie Speier		Jan 31, 2012
D-VA	James P. Moran		Jan 31, 2012
D-CA	Janice Hahn		Jan 31, 2012
D-NY	Jerrold Nadler		Jan 31, 2012
D-WA	Jim McDermott		Jan 31, 2012
D-MI	John D. Dingell		Jan 31, 2012
D-GA	John Lewis		Jan 31, 2012
D-MD	John P. Sarbanes		Jan 31, 2012
D-MN	Keith Ellison		Jan 31, 2012
D-CA	Laura Richardson		Jan 31, 2012
D-CA	Lois Capps		Jan 31, 2012
D-HI	Mazie K. Hirono		Jan 31, 2012
D-MA	Michael E. Capuano		Jan 31, 2012
D-VT	Peter Welch		Jan 31, 2012
D-TN	Steve Cohen		Jan 31, 2012
D-IA	David Loebsack		Feb 2, 2012
D-RI	David N. Cicilline		Feb 2, 2012
D-OH	Dennis J. Kucinich		Feb 2, 2012
D-CT	John B. Larson		Feb 2, 2012
D-CA	Lynn C. Woolsey		Feb 2, 2012
D-NY	Maurice D. Hinchey		Feb 2, 2012
D-CA	Maxine Waters		Feb 2, 2012
D-MO	Wm. Lacy Clay		Feb 2, 2012
D-OH	Betty Sutton		Feb 3, 2012
D-CT	Christopher Murphy		Feb 3, 2012
D-CO	Jared Polis		Feb 3, 2012
D-NJ	Rush Holt		Feb 3, 2012
D-RI	James R. Langevin		Feb 8, 2012
D-CA	Judy Chu		Feb 8, 2012
D-GU	Madeleine Z. Bordallo		Feb 8, 2012
D-OR	Peter A. DeFazio		Feb 8, 2012
D-VA	Gerald E. Connolly		Feb 15, 2012
D-CA	Henry A. Waxman		Feb 15, 2012
D-CA	Karen Bass		Feb 15, 2012
D-PA	Michael F. Doyle		Feb 15, 2012
D-WV	Nick J. Rahall II		Feb 15, 2012
D-MO	Russ Carnahan		Feb 15, 2012
D-NY	Timothy H. Bishop		Feb 15, 2012
D-NY	Edolphus Towns		Feb 16, 2012
D-FL	Frederica S. Wilson		Feb 16, 2012
D-NY	Steve Israel		Feb 16, 2012
D-NC	Brad Miller		Feb 17, 2012
D-MA	James P. McGovern		Feb 17, 2012
D-WA	Rick Larsen		Feb 17, 2012
D-NM	Ben Ray Luján		Feb 28, 2012
D-NY	Brian Higgins		Feb 28, 2012
D-TX	Charles A. Gonzalez		Feb 28, 2012
D-NC	G. K. Butterfield		Feb 28, 2012
D-CA	Grace F. Napolitano		Feb 28, 2012
D-CA	John Garamendi		Feb 28, 2012
D-NY	Louise McIntosh Slaughter		Feb 28, 2012
D-OH	Tim Ryan		Feb 28, 2012
D-NY	Yvette D. Clarke		Feb 28, 2012
D-NJ	Albio Sires		Feb 29, 2012
D-CT	Rosa L. DeLauro		Feb 29, 2012
D-IL	Janice D. Schakowsky		Mar 6, 2012
D-NV	Shelley Berkley		Mar 6, 2012
D-PA	Allyson Y. Schwartz		Mar 21, 2012
D-MA	John F. Tierney		Mar 21, 2012
D-ME	Michael H. Michaud		Mar 21, 2012
D-CO	Ed Perlmutter		Mar 22, 2012
D-NY	Nydia M. Velázquez		Mar 22, 2012
D-TX	Gene Green		Mar 26, 2012
D-MI	John Conyers, Jr.		Mar 26, 2012
D-CA	Susan A. Davis		Mar 26, 2012
D-CA	Zoe Lofgren		Mar 26, 2012
D-ME	Chellie Pingree		Mar 27, 2012
D-CA	Dennis A. Cardoza		Mar 27, 2012
D-CA	Doris O. Matsui		Mar 27, 2012
D-NY	Kathleen C. Hochul		Mar 27, 2012
D-IL	Mike Quigley		Mar 27, 2012
D-KY	John A. Yarmuth		Mar 28, 2012
D-FL	Kathy Castor		Mar 28, 2012
D-OH	Marcia L. Fudge		Mar 28, 2012
D-CA	Michael M. Honda		Mar 28, 2012
D-NY	Paul Tonko		Mar 28, 2012
D-NY	William L. Owens		Mar 28, 2012
D-NJ	Bill Pascrell, Jr.		Mar 29, 2012
D-CA	Linda T. Sánchez		Mar 29, 2012
D-CA	Loretta Sanchez		Mar 29, 2012
D-IL	Luis V. Gutierrez		Mar 29, 2012
D-WI	Tammy Baldwin		Mar 29, 2012
D-MN	Timothy J. Walz		Mar 29, 2012
D-IL	Bobby L. Rush		Apr 16, 2012
D-IL	Danny K. Davis		Apr 16, 2012
D-CO	Diana DeGette		Apr 16, 2012
D-OR	Earl Blumenauer		Apr 16, 2012
D-MA	John W. Olver		Apr 16, 2012
D-NM	Martin Heinrich		Apr 16, 2012
D-OR	Suzanne Bonamici		Apr 16, 2012
D-MA	William R. Keating		Apr 16, 2012
D-MI	Dale E. Kildee		Apr 17, 2012
D-CT	James A. Himes		Apr 17, 2012
D-TX	Sheila Jackson Lee		Apr 17, 2012
D-CA	Jerry McNerney		Apr 18, 2012
D-NY	Joseph Crowley		Apr 19, 2012
D-IA	Leonard L. Boswell		Apr 19, 2012
D-PA	Mark S. Critz		Apr 19, 2012
D-CA	Sam Farr		Apr 19, 2012
D-FL	Theodore E. Deutch		Apr 19, 2012
D-WA	Adam Smith		Apr 24, 2012
D-NY	Carolyn McCarthy		Apr 24, 2012
D-HI	Colleen Hanabusa		Apr 24, 2012
D-FL	Debbie Wasserman Schultz		Apr 24, 2012
D-CA	Joe Baca		Apr 24, 2012
D-NY	Jose E. Serrano		Apr 24, 2012
D-OR	Kurt Schrader		Apr 24, 2012
D-NC	Larry Kissell		Apr 24, 2012
D-CA	Lucille Roybal-Allard		Apr 24, 2012
D-OH	Marcy Kaptur		Apr 24, 2012
D-NC	Mike McIntyre		Apr 24, 2012
D-MA	Niki Tsongas		Apr 24, 2012
D-NY	Nita M. Lowey		Apr 24, 2012
D-PR	Pedro R. Pierluisi		Apr 24, 2012
D-PA	Robert A. Brady		Apr 24, 2012
D-VA	Robert C. "Bobby" Scott		Apr 24, 2012
D-NJ	Robert E. Andrews		Apr 24, 2012
D-WI	Ron Kind		Apr 24, 2012
D-MI	Sander M. Levin		Apr 24, 2012
D-CA	Adam B. Schiff		Apr 25, 2012
D-LA	Cedric L. Richmond		Apr 25, 2012
D-CA	Mike Thompson		Apr 25, 2012
D-NJ	Steven R. Rothman		Apr 25, 2012
R-PA	Todd Russell Platts		Apr 25, 2012
D-TX	Eddie Bernice Johnson		Apr 26, 2012
D-MA	Edward J. Markey		Apr 26, 2012
D-TX	Henry Cuellar		Apr 26, 2012
D-TX	Al Green		Jun 21, 2012

Committees 1

Where it was sent and what each committee and subcommittee did with it, in order.

Chamber	Committee	What it did
House	Education and Workforce Committee	Referred Jan 25, 2012
	Higher Education and Workforce Development Subcommittee	Referred Mar 29, 2012

Actions 3

Everything that happened, newest first.

Mar 29, 2012Referred to the Subcommittee on Higher Education and Workforce Training.
Jan 25, 2012Introduced in House
Jan 25, 2012Referred to the House Committee on Education and the Workforce.

In the Congressional Record 13

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
House	Debate and remarks H3817	Joe Courtney D-CT	Jun 20, 2012
House	Debate and remarks H3398	Joe Courtney D-CT	Jun 1, 2012
House	Debate and remarks H3108	Joe Courtney D-CT	May 18, 2012
House	Debate and remarks H2721	Joe Courtney D-CT	May 16, 2012
House	Debate and remarks H2336	Joe Courtney D-CT	May 8, 2012

Show all 13 days

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.

Constitutional authority

Congress has the power to enact this legislation pursuant to the following: Article I, Section 8, Clause 3 The Congress shall have Power *** To regulate Commerce with foreign Nations, and among the several States, and with the Indian Tribes.

The sponsor’s statement, as printed in the page H182.

Related bills 7

Companion bills and other measures the record links to this one.

Bill	Title	Relationship	Latest action
S 2051	A bill to amend the Higher Education Act of 1965 to extend the reduced interest rate for Federal Direct Stafford Loans.	Identical bill	Jan 31, 2012
S 2343	Stop the Student Loan Interest Rate Hike Act of 2012	Related bill	May 24, 2012
S 2366	Interest Rate Reduction Act	Related bill	Apr 25, 2012
S 2834	Subsidized Stafford Loan Reduced Interest Rate Extension Act of 2012	Related bill	May 7, 2012
HR 4628	Interest Rate Reduction Act	Related bill	May 8, 2012

Show all 7 related bills

Titles 1

Every title it has carried, official and short, at each stage.

Official Title as Introduced: To amend the Higher Education Act of 1965 to extend the reduced interest rate for Federal Direct Stafford Loans.

Subjects

Assigned by the Library of Congress. Policy area: Education.

Text 1

Each version as it was printed, newest first.

Jan 25, 2012Introduced in House

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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.