US SB2343 | 2011-2012 | 112th Congress


Status

May 24 2012 - Returned to the Calendar. Calendar No. 365.
Text: Latest bill text (Introduced) [PDF]

Summary

Stop the Student Loan Interest Rate Hike Act of 2012 - 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 Internal Revenue Code and title II (Old Age, Survivors and Disability Insurance) of the Social Security Act to require certain shareholders of a subchapter S corporation engaged as a partner in a professional service business to include income or loss attributable to such business in their net earnings from self-employment for employment tax purposes. Restricts such tax treatment to shareholders whose modified adjusted gross income exceeds a specified amount that varies based on their tax filing status. Defines a "professional service business" as any trade or business providing services in the fields of health, law, lobbying, engineering, architecture, accounting, actuarial science, performing arts, consulting, athletics, investment advice or management, or brokerage services.

Tracking Information

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Title

Stop the Student Loan Interest Rate Hike Act of

Sponsors


Roll Calls

2012-05-24 - On Passage of the Bill S. 2343 (Y: 51 N: 43 NV: 6 Abs: 0) [FAIL]
2012-05-24 - On the Amendment S.Amdt. 2153 to S. 2343 (Stop the Student Loan Interest Rate Hike Act of2012) (Y: 34 N: 62 NV: 4 Abs: 0) [FAIL]
2012-05-08 - On Cloture on the Motion to Proceed S. 2343 (Y: 52 N: 45 NV: 3 Abs: 0) [FAIL]

History

DateChamberAction
2012-05-24SenateReturned to the Calendar. Calendar No. 365.
2012-05-24SenateUnder the order of 5/23/12, not having achieved 60 votes in the affirmative, failed of passage in Senate by Yea-Nay Vote. 51 - 43. Record Vote Number: 113.
2012-05-24SenateS.AMDT.2153 Amendment SA 2153 under the order of 5/23/12, not having achieved 60 votes in the affirmative, was not agreed to in Senate by Yea-Nay Vote. 34 - 62. Record Vote Number: 112.
2012-05-24SenateS.AMDT.2153 Amendment SA 2153 proposed by Senator McConnell for Senator Alexander. (consideration: CR S3609-3611; text: CR S3609)In the nature of a substitute.
2012-05-24SenateMeasure laid before Senate by unanimous consent. (consideration: CR S3609-3611, S3611-3612)
2012-05-24SenateMotion to proceed to consideration of measure agreed to in Senate. (consideration: CR S3609)
2012-05-23SenateMotion by Senator Reid to reconsider the vote by which cloture was not invoked on the motion to proceed to the measure (Roll Call Vote No. 89) withdrawn in Senate by Unanimous Consent.
2012-05-16SenateMotion to proceed to consideration of measure made in Senate. (consideration: CR S3181-3182)
2012-05-15SenateMotion to proceed to consideration of measure made in Senate. (consideration: CR S3158)
2012-05-09SenateMotion to proceed to consideration of measure made in Senate. (consideration: CR S2989-3035)
2012-05-08SenateMotion by Senator Reid to reconsider the vote by which cloture was not invoked on the motion to proceed to the measure (Roll Call Vote No. 89) entered in Senate.
2012-05-08SenateCloture on the motion to proceed to the measure not invoked in Senate by Yea-Nay Vote. 52 - 45. Record Vote Number: 89. (consideration: CR H2944; text: CR H2944)
2012-05-08SenateMotion to proceed to measure considered in Senate. (consideration: CR S2935-2944, H2944-2959)
2012-05-07SenateMotion to proceed to measure considered in Senate. (consideration: CR S2892-2906)
2012-04-26SenateCloture motion on the motion to proceed to the measure presented in Senate. (consideration: CR S2799; text: CR S2799)
2012-04-26SenateMotion to proceed to consideration of measure made in Senate. (consideration: CR S2799-2807)
2012-04-24SenateIntroduced in the Senate. Read twice. Ordered Placed on Senate Legislative Calendar under General Orders. Calendar No. 365. (text of measure as introduced: CR S2657-2658)

Same As/Similar To

HB3826 (Related) 2012-03-29 - Referred to the Subcommittee on Higher Education and Workforce Training.
HB3840 (Related) 2012-01-31 - Referred to the House Committee on Ways and Means.
HB4628 (Related) 2012-05-08 - Read the second time. Placed on Senate Legislative Calendar under General Orders. Calendar No. 393.
SB2051 (Related) 2012-01-31 - Read twice and referred to the Committee on Health, Education, Labor, and Pensions.
SB2366 (Related) 2012-04-25 - Introduced in the Senate. Read twice. Ordered Placed on Senate Legislative Calendar under General Orders. Calendar No. 370.
HB4816 (Related) 2012-09-26 - Referred to the Subcommittee on Higher Education and Workforce Training.
SB2834 (Related) 2012-05-07 - Read twice and referred to the Committee on Homeland Security and Governmental Affairs.
HB5812 (Related) 2012-09-26 - Referred to the Subcommittee on Higher Education and Workforce Training.

Subjects


US Congress State Sources


Bill Comments

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