H. R. 4816
IN THE HOUSE OF REPRESENTATIVES
April 25, 2012
Mr. Tierney (for himself, Mr. Bishop of New York, Mr. Courtney, Mr. George Miller of California, Mr. Hinojosa, Mr. Levin, Mr. Stark, Mr. Kildee, Mr. Peters, Ms. Chu, Ms. Sewell, Mr. Pascrell, Mr. Holt, and Ms. Slaughter) introduced the following bill; which was referred to the Committee on Ways and Means, and in addition to the Committee on Education and the Workforce, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned
To amend the Higher Education Act of 1965 to extend the reduced interest rate for Federal Direct Stafford Loans, and for other purposes.
This Act may be cited as the
Stop the Rate Hike Act of
Interest rate extension
Section 455(b)(7)(D) of the Higher Education Act of 1965 (20 U.S.C. 1087e(b)(7)(D)) is amended—
in the matter
preceding clause (i), by striking
and before July 1, 2012, and
and before July 1, 2013,; and
in clause (v), by
and before July 1, 2012, and inserting
before July 1, 2013,.
Deduction for income attributable to domestic production activities not allowed with respect to oil and gas activities of major integrated oil companies
Subparagraph (A) of section 199(d)(9) of the Internal
Revenue Code of 1986 is amended by inserting
(9 percent in the case of
any major integrated oil company (as defined in section 167(h)(5)))
The amendment made by subsection (a) shall apply to taxable years beginning after the date of the enactment of this Act.