S. 2366 (112th): Interest Rate Reduction Act

Introduced:
Apr 25, 2012 (112th Congress, 2011–2013)
Status:
Died (Reported by Committee)
See Instead:

H.R. 4628 (same title)
Passed House — Apr 27, 2012

Sponsor
Lamar Alexander
Senior Senator from Tennessee
Party
Republican
Text
Read Text »
Last Updated
Apr 25, 2012
Length
4 pages
Related Bills
H.R. 4628 (identical)

Passed House
Last Action: Apr 27, 2012

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

Failed Senate
May 24, 2012

 
Status

This bill was introduced on April 25, 2012, in a previous session of Congress, but was not enacted.

Progress
Introduced Apr 25, 2012
Reported by Committee Apr 25, 2012
 
Full Title

A bill to extend student loan interest rates for undergraduate Federal Direct Stafford Loans.

Summary

No summaries available.

 
Primary Source

THOMAS.gov (The Library of Congress)

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Notes

S. stands for Senate 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.


4/25/2012--Introduced.
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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So, yes, we display the House Republican Conference’s summaries when available even if we do not have a Democratic summary available. That’s because we feel it is better to give you as much information as possible, even if we cannot provide every viewpoint.

We’ll be looking for a source of summaries from the other side in the meanwhile.

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