Bipartisan Student Loan Certainty Act of 2013
Latest action · Aug 9, 2013 Became Public Law No: 113-28.
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.
- IntroducedMay 9, 2013
- Passed HouseMay 23, 2013
- Passed SenateJul 24, 2013
- To the PresidentAug 1, 2013
- Became lawAug 9, 2013
Summary
Bipartisan Student Loan Certainty Act of 2013 - (Sec. 2) Amends title IV (Student Assistance) of the Higher Education Act of 1965 (HEA) to set the annual interest rate on Direct Stafford loans and Direct Unsubsidized Stafford loans issued to undergraduate students at the rate on high-yield 10-year Treasury notes plus 2.05%, but caps that rate at 8.25%.
Sets the annual interest rate on Direct Unsubsidized Stafford loans issued to graduate or professional students at the rate on high-yield 10-year Treasury notes plus 3.6%, but caps that rate at 9.5%.
Sets the annual interest rate on Direct PLUS loans at the rate on high-yield 10-year Treasury notes plus 4.6%, but caps that rate at 10.5%.
Limits the applicability of the preceding provisions to loans first disbursed on or after July 1, 2013.
Fixes the interest rate on Direct Stafford loans, Direct Unsubsidized Stafford loans, and Direct PLUS loans for the period of the loan.
Sets the annual interest rate on Direct Consolidation loans for which an application is received on or after July 1, 2013, at the weighted average of the interest rates on the loans consolidated, rounded to the nearest higher one-eighth of 1%.
(Sec. 3) Provides that the budgetary effects of this Act shall not be entered on specified PAYGO scorecards.
(Sec. 4) Directs the Comptroller General (GAO) to conduct a study and report to Congress on the actual cost to the federal government of carrying out the federal student loan programs authorized under title IV of the HEA.
Recorded votes 4
Newest first. Open one to see how every member voted.
| Roll call | Question | Result | Date |
|---|---|---|---|
| House 426 | On Motion to Suspend the Rules and Concur in the Senate Amendment | Passed392–31 | Jul 31, 2013 |
| Senate 185 | On Passage of the Bill H.R. 1911 | Bill Passed81–18 | Jul 24, 2013 |
| House 183 | On Passage | Passed221–198 | May 23, 2013 |
| House 182 | On Motion to Recommit with Instructions | Failed194–223 | May 23, 2013 |
Cosponsors 5
Members who signed on, in the order they did. Signatures ran from May 9, 2013 to May 20, 2013, with 1 there on the day it was introduced.
| Seat | Cosponsor | Signed on | |
|---|---|---|---|
| R-NC | Virginia Foxx | Original | May 9, 2013 |
| R-TN | David P. Roe | May 16, 2013 | |
| R-IN | Luke Messer | May 16, 2013 | |
| R-AR | Tim Griffin | May 16, 2013 | |
| R-PA | Glenn Thompson | May 20, 2013 |
Actions 37
Everything that happened, newest first.
- Aug 9, 2013Became Public Law No: 113-28.
- Aug 9, 2013Signed by President.
- Aug 1, 2013Presented to President.
- Jul 31, 2013At the conclusion of debate, the Yeas and Nays were demanded and ordered. Pursuant to the provisions of clause 8, rule XX, the chair announced that further proceedings on the motion would be postponed.
- Jul 31, 2013Considered as unfinished business. (consideration: CR H5240-5241)
Related bills 2
Companion bills and other measures the record links to this one.
| Bill | Title | Relationship | Latest action |
|---|---|---|---|
| HRES 232 | Providing for consideration of the bill (H.R. 1911) to amend the Higher Education Act of 1965 to establish interest rates for new loans made on or after July 1, 2013, and for other purposes. | Procedurally related | May 23, 2013 |
| S 1334 | Bipartisan Student Loan Certainty Act of 2013 | Related bill | Jul 18, 2013 |
Subjects
Assigned by the Library of Congress. Policy area: Education.
- Academic performance and assessments
- Advisory bodies
- Budget deficits and national debt
- Congressional oversight
- Consumer affairs
- Education
- Government information and archives
- Government lending and loan guarantees
- Government studies and investigations
- Higher education
- Interest, dividends, interest rates
- Right of privacy
- Student aid and college costs
- Wages and earnings
Text 6
Each version as it was printed, newest first.
- —Enrolled Bill
- Jul 24, 2013Engrossed Amendment Senate
- Jul 18, 2013Placed on Calendar Senate
- May 23, 2013Engrossed in House
- May 20, 2013Reported in House
- May 9, 2013Introduced 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.
