A bill to amend the Higher Education Act of 1965 to extend the reduced interest rate for Federal Direct Stafford Loans.
Latest action · Jan 31, 2012 Read twice and referred to the Committee on Health, Education, Labor, and Pensions.
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 31, 2012
- Passed SenateNot reached
- Passed HouseNot 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 18
Members who signed on, in the order they did. Signatures ran from Jan 31, 2012 to Apr 23, 2012; 5 are original cosponsors, there from the day it was introduced.
| Seat | Cosponsor | Signed on | |
|---|---|---|---|
| D-MN | Al Franken | Original | Jan 31, 2012 |
| I-VT | Bernard Sanders | Original | Jan 31, 2012 |
| D-MI | Debbie Stabenow | Original | Jan 31, 2012 |
| D-VT | Patrick J. Leahy | Original | Jan 31, 2012 |
| D-RI | Sheldon Whitehouse | Original | Jan 31, 2012 |
| D-AK | Mark Begich | Feb 14, 2012 | |
| D-OH | Sherrod Brown | Feb 15, 2012 | |
| D-SD | Tim Johnson | Mar 14, 2012 | |
| D-NY | Charles E. Schumer | Mar 20, 2012 | |
| D-IL | Richard J. Durbin | Mar 27, 2012 | |
| D-MN | Amy Klobuchar | Apr 16, 2012 | |
| D-OR | Ron Wyden | Apr 16, 2012 | |
| D-OR | Jeff Merkley | Apr 17, 2012 | |
| D-WA | Patty Murray | Apr 17, 2012 | |
| D-WA | Maria Cantwell | Apr 18, 2012 | |
| D-NJ | Frank R. Lautenberg | Apr 23, 2012 | |
| D-WI | Herb Kohl | Apr 23, 2012 | |
| D-CT | Richard Blumenthal | Apr 23, 2012 |
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 Jan 31, 2012 |
Actions 3
Everything that happened, newest first.
- Jan 31, 2012Introduced in Senate
- Jan 31, 2012Sponsor introductory remarks on measure. (CR S212-213)
- Jan 31, 2012Read twice and referred to the Committee on Health, Education, Labor, and Pensions.
In the Congressional Record 4
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.
Related bills 7
Companion bills and other measures the record links to this one.
| Bill | Title | Relationship | Latest action |
|---|---|---|---|
| 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 3826 | To amend the Higher Education Act of 1965 to extend the reduced interest rate for Federal Direct Stafford Loans. | Identical bill | Mar 29, 2012 |
| HR 4628 | Interest Rate Reduction Act | Related bill | May 8, 2012 |
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 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 31, 2012Introduced 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.
