S. 897 (113th): Bank on Students Loan Fairness Act

Introduced:

May 8, 2013
113th Congress, 2013–2015

Status:
Died in a previous Congress

This bill was introduced on May 8, 2013, in a previous session of Congress, but was not enacted.

Sponsor:

Elizabeth Warren

Senior Senator from Massachusetts

Democrat

Text:

Read Text »
Last Updated: May 8, 2013
Length: 4 pages

About the bill

Full Title

A 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 title was written by its sponsor.

Summary

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 ...

Read more >

History

May 8, 2013
 
Introduced

This is the first step in the legislative process.

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

Details

Cosponsors
12 cosponsors (11D, 1I) (show)
Committee Assignments

The committee chair determines whether a bill will move past the committee stage.

Votes

There have been no roll call votes related to this bill.

Related Bills

Legislative action may be ocurring on one of these bills in lieu of or in parallel to action on this bill.

H.R. 1979 (identical)

Referred to Committee
Last Action: May 14, 2013

Search for similar bills.

Links & tools

Primary Source

Congress.gov

Congress.gov is updated generally one day after events occur. Legislative activity since the last update may not be reflected on GovTrack. Data via congress project.

Citation

Click a format for a citation suggestion: