US Congress House Bill 1123 (Prior Session Legislation)

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Spectrum: Slight Partisan Bill (Democrat 4-2)
Status: Introduced on February 16 2017 - 25% progression, died in committee
Action: 2017-02-16 - Referred to the House Committee on Education and the Workforce.
Pending: House Education And The Workforce Committee
Text: Latest bill text (Introduced) [PDF]

HBCU Capital Financing Improvement Act This bill amends title III (Institutional Aid) of the Higher Education Act of 1965 to modify the HBCU Capital Financing Program. (The program guarantees low-cost private loans to historically black colleges and universities [HBCUs] to finance infrastructure repairs, maintenance, and construction.) It replaces statutory references to "escrow account" with "bond insurance fund." The bill authorizes the Department of Education to provide financial counseling that prepares an eligible HBCU to qualify for, apply for, and maintain a capital improvement loan. It revises and expands reporting requirements for the HBCU Capital Financing Advisory Board.

HBCU Capital Financing Improvement Act

Rep. Alma Adams [D-NC]	Rep. Bradley Byrne [R-AL]	Rep. Terri Sewell [D-AL]	Rep. French Hill [R-AR]
Rep. Steve Cohen [D-TN]	Rep. David Price [D-NC]

Date	Chamber	Action
2017-02-16	House	Referred to the House Committee on Education and the Workforce.
2017-02-16	House	Introduced in House

HB4508 (Related) 2018-02-08 - Placed on the Union Calendar, Calendar No. 413.
SB2268 (Related) 2017-12-21 - Read twice and referred to the Committee on Health, Education, Labor, and Pensions.

Type	Source
Summary	https://www.congress.gov/bill/115th-congress/house-bill/1123/all-info
Text	https://www.congress.gov/115/bills/hr1123/BILLS-115hr1123ih.pdf