About the bill
6/17/2013: In what could become an annual occurrence, Congress yet again faces a looming deadline to resolve the problem of student loan interest rates. Without Congressional action, the rate on federally backed Stafford loans is set to double from 3.4 percent to 6.8 percent on July 1.
The Senate in early June failed to advance two bills meant to prevent this imminent increase in rates. A bill backed by Democrats would extend the current interest rate for two years, and offset the cost by ending three tax breaks. A GOP bill would peg all newly issued student loans to the U.S. Treasury 10-year borrowing rate plus 3 percentage points. Given the current Treasury rate of 1.75 percent, a student taking out a loan this ...
Sponsor and status
Sponsor. Representative for Connecticut's 2nd congressional district. Democrat.
Last Updated: Apr 17, 2013
Length: 2 pages
113th Congress (2013–2015)
This bill was introduced on April 17, 2013, in a previous session of Congress, but was not enacted.
What legislators are saying
“Reps. Maloney, Rangel, Meeks and other members of Congress to their colleagues: get back to work and halt a doubling of student loan interest rates!”
— Rep. Carolyn Maloney [D-NY12] (Co-sponsor) on Jun 29, 2013
“Rep. Green Statement on Student Loan Interest Rate Doubling”
— Rep. Gene Green [D-TX29, 1993-2018] (Co-sponsor) on Jun 28, 2013
Apr 17, 2013
Bills and resolutions are referred to committees which debate the bill before possibly sending it on to the whole chamber.
H.R. 1595 (113th) 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 H.R. 1595. This is the one from the 113th Congress.
This bill was introduced in the 113th Congress, which met from Jan 3, 2013 to Jan 2, 2015. Legislation not enacted 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:
GovTrack.us. (2020). H.R. 1595 — 113th Congress: Student Loan Relief Act of 2013. Retrieved from https://www.govtrack.us/congress/bills/113/hr1595
“H.R. 1595 — 113th Congress: Student Loan Relief Act of 2013.” www.GovTrack.us. 2013. June 4, 2020 <https://www.govtrack.us/congress/bills/113/hr1595>
Student Loan Relief Act of 2013, H.R. 1595, 113th Cong..
|title=H.R. 1595 (113th)
|accessdate=June 4, 2020
|author=113th Congress (2013)
|date=April 17, 2013
|quote=Student Loan Relief Act of 2013
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