About the bill
To prevent the doubling of the interest rate for Federal subsidized student loans for the 2013-2014 academic year by providing funds for such loans through the Federal Reserve System, to ensure that such loans are available at interest rates that are equivalent to the interest rates at which the Federal Government provides loans to banks through the discount window operated by the Federal Reserve System, and for other purposes.
The bill’s titles are written by its sponsor.
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 ...
This is the first step in the legislative process.
Links & tools
Click a format for a citation suggestion:
Civic Impulse. (2016). H.R. 1979 — 113th Congress: Bank on Students Loan Fairness Act. Retrieved from https://www.govtrack.us/congress/bills/113/hr1979
“H.R. 1979 — 113th Congress: Bank on Students Loan Fairness Act.” www.GovTrack.us. 2013. July 29, 2016 <https://www.govtrack.us/congress/bills/113/hr1979>
|title=H.R. 1979 (113th)
|accessdate=July 29, 2016
|author=113th Congress (2013)
|date=May 14, 2013
|quote=Bank on Students Loan Fairness Act