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S. 2343 (112th): Stop the Student Loan Interest Rate Hike Act of 2012

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A bill to amend the Higher Education Act of 1965 to extend the reduced interest rate for Federal Direct Stafford Loans, and for other purposes.

The bill’s titles are written by its sponsor.

Sponsor and status

Photo of sponsor Harry Reid

Harry Reid

Sponsor. Senator for Nevada. Democrat.

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Last Updated: Apr 24, 2012
Length: 12 pages
Introduced
Apr 24, 2012
112th Congress (2011–2013)
Status

Failed Senate on May 24, 2012

This bill failed in the Senate on May 24, 2012.

Other activity may have occurred on another bill with identical or similar provisions.

Cosponsors

22 Cosponsors (21 Democrats, 1 Independent)

Source
Congress.gov

Position statements

Statement of Administration Policy

President Barack Obama [D, 2009-2017]: Stop the Student Loan Interest Rate Hike Act (May 7, 2012)

What legislators are saying

“Inhofe: dem student loan bill weakens economy”
    — Sen. James “Jim” Inhofe [R-OK] on May 8, 2012

“Murkowski: Student Loan Bill Solves One Problem by Making Another Worse”
    — Sen. Lisa Murkowski [R-AK] on May 8, 2012

“Cantwell Votes to Keep Student Loan Rates from Doubling in July”
    — Sen. Maria Cantwell [D-WA] on May 8, 2012

More statements at ProPublica Represent...

History

Apr 24, 2012
 
Introduced

Bills and resolutions are referred to committees which debate the bill before possibly sending it on to the whole chamber.

Apr 24, 2012
 
Ordered Reported

A committee has voted to issue a report to the full chamber recommending that the bill be considered further. Only about 1 in 4 bills are reported out of committee.

May 8, 2012
 
Failed Cloture in the Senate

The Senate must often vote to end debate before voting on a bill, called a cloture vote. The vote on cloture failed. This is often considered a filibuster. The Senate may try again.

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May 24, 2012
 
Failed Senate

A vote on the bill failed in the Senate. The bill is now dead.

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S. 2343 (112th) was a bill in the United States Congress.

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

Bills numbers restart every two years. That means there are other bills with the number S. 2343. This is the one from the 112th Congress.

This bill was introduced in the 112th Congress, which met from Jan 5, 2011 to Jan 3, 2013. Legislation not passed by the end of a Congress is cleared from the books.

How to cite this information.

We recommend the following MLA-formatted citation when using the information you see here in academic work:

“S. 2343 — 112th Congress: Stop the Student Loan Interest Rate Hike Act of 2012.” www.GovTrack.us. 2012. January 25, 2022 <https://www.govtrack.us/congress/bills/112/s2343>

Where is this information from?

GovTrack automatically collects legislative information from a variety of governmental and non-governmental sources. This page is sourced primarily from Congress.gov, the official portal of the United States Congress. Congress.gov is generally updated one day after events occur, and so legislative activity shown here may be one day behind. Data via the congress project.