H.R. 4628 (112th): Interest Rate Reduction Act

Introduced:
Apr 25, 2012 (112th Congress, 2011–2013)
Status:
Died (Passed House)
Sponsor
Judy Biggert
Representative for Illinois's 13th congressional district
Party
Republican
Text
Read Text »
Last Updated
May 08, 2012
Length
4 pages
Related Bills
S. 2366 (identical)

Reported by Committee
Last Action: Apr 25, 2012

S. 2343 (Related)
Stop the Student Loan Interest Rate Hike Act of 2012

Failed Senate
May 24, 2012

 
Status

This bill was introduced in a previous session of Congress and was passed by the House on April 27, 2012 but was never passed by the Senate.

Progress
Introduced Apr 25, 2012
Referred to Committee Apr 25, 2012
Passed House Apr 27, 2012
 
Full Title

To extend student loan interest rates for undergraduate Federal Direct Stafford Loans.

Summary

No summaries available.

Votes
Apr 27, 2012 12:45 p.m.
Passed 215/195

Cosponsors
none
Committees

House Education and the Workforce

House Energy and Commerce

Health

House Budget

The committee chair determines whether a bill will move past the committee stage.

 
Primary Source

THOMAS.gov (The Library of Congress)

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Notes

H.R. stands for House of Representatives bill.

A bill must be passed by both the House and Senate in identical form and then be signed by the president to become law.

The bill’s title was written by its sponsor.

GovTrack’s Bill Summary

We don’t have a summary available yet.

Library of Congress Summary

The summary below was written by the Congressional Research Service, which is a nonpartisan division of the Library of Congress.


4/27/2012--Passed House without amendment.
Interest Rate Reduction Act - 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 between July 1, 2011, and July 1, 2013.
Amends the Patient Protection and Affordable Care Act to repeal provisions establishing and appropriating funds to the Prevention and Public Health Fund (a Fund to provide for expanded and sustained national investment in prevention and public health programs to improve health and help restrain the rate of growth in private and public sector health care costs). Rescinds any unobligated balances appropriated to such Fund.

House Republican Conference Summary

The summary below was written by the House Republican Conference, which is the caucus of Republicans in the House of Representatives.


No summary available.

House Democratic Caucus Summary

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