US Congress House Bill 5801 (Prior Session Legislation)

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Spectrum: Partisan Bill (Democrat 4-0)
Status: Introduced on May 17 2012 - 25% progression, died in committee
Action: 2012-09-26 - Referred to the Subcommittee on Higher Education and Workforce Training.
Pending: House Subcommittee on Higher Education and Workforce Training Committee
Text: Latest bill text (Introduced) [PDF]

Unshackling Students to Lead, Excel, Act, Develop, and Serve Act of 2012 or U.S. LEADS Act - Amends title IV (Student Assistance) of the Higher Education Act of 1965 to allow recent college graduates to defer payment on their student loans under the Federal Family Education Loan (FFEL) and Direct Loan (DL) programs without accruing interest when the national unemployment rate exceeds 7% or the unemployment rate for 21-25 year olds exceeds 9%. Limits that deferral period to a maximum of five years. Makes the deferral available only to graduates aged 21-25 who received their first baccalaureate degree within the four years preceding this Act's enactment.

Unshackling Students to Lead, Excel, Act, Develop, and Serve Act of 2012

Rep. Laura Richardson [D-CA]

Rep. Hansen Clarke [D-MI]

Rep. John Conyers [D-MI]

Rep. Dennis Kucinich [D-OH]

Date	Chamber	Action
2012-09-26	House	Referred to the Subcommittee on Higher Education and Workforce Training.
2012-05-18	House	Sponsor introductory remarks on measure. (CR E876-877)
2012-05-17	House	Referred to the House Committee on Education and the Workforce.

Type	Source
Summary	https://www.congress.gov/bill/112th-congress/house-bill/5801/all-info
Text	https://www.congress.gov/112/bills/hr5801/BILLS-112hr5801ih.pdf