HR 5801 · 112th Congress 2011–2013, ended

U.S. LEADS Act

Introduced May 17, 2012 Originated House Sponsor Laura Richardson D-CA

Fact sheet

Latest action · Sep 26, 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.

  1. IntroducedMay 17, 2012
  2. Passed HouseNot reached
  3. Passed SenateNot reached
  4. To the PresidentNot reached
  5. Became lawNot reached

Summary

Unshackling Students to Lead, Excel, Act, Develop, and Serve Act of 2012 or U.S. LEADS Act - Amends title IV (Student Assistance) of the Higher Education Act of 1965 to allow recent college graduates to defer payment on their student loans under the Federal Family Education Loan (FFEL) and Direct Loan (DL) programs without accruing interest when the national unemployment rate exceeds 7% or the unemployment rate for 21-25 year olds exceeds 9%.

Limits that deferral period to a maximum of five years.

Makes the deferral available only to graduates aged 21-25 who received their first baccalaureate degree within the four years preceding this Act's enactment.

Cosponsors 3

Members who signed on, in the order they did. All signed on May 17, 2012.

SeatCosponsorSigned on
D-OHDennis J. KucinichOriginalMay 17, 2012
D-MIHansen ClarkeOriginalMay 17, 2012
D-MIJohn Conyers, Jr.OriginalMay 17, 2012

Actions 4

Everything that happened, newest first.

  1. Sep 26, 2012Referred to the Subcommittee on Higher Education and Workforce Training.
  2. May 18, 2012Sponsor introductory remarks on measure. (CR E876-877)
  3. May 17, 2012Introduced in House
  4. May 17, 2012Referred to the House Committee on Education and the Workforce.

Subjects

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

Text 1

Each version as it was printed, newest first.

  1. May 17, 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.