US SB2796 | 2009-2010 | 111th Congress
Status
Spectrum: Strong Partisan Bill (Republican 19-2)
Status: Introduced on November 18 2009 - 25% progression, died in chamber
Action: 2009-11-18 - Read twice and referred to the Committee on Health, Education, Labor, and Pensions. (text of measure as introduced: CR S11496)
Text: Latest bill text (Introduced) [PDF]
Status: Introduced on November 18 2009 - 25% progression, died in chamber
Action: 2009-11-18 - Read twice and referred to the Committee on Health, Education, Labor, and Pensions. (text of measure as introduced: CR S11496)
Text: Latest bill text (Introduced) [PDF]
Summary
Amends the Higher Education Act of 1965 to extend by one year, from July 2010 to July 2011, the Secretary of Education's authority to purchase or enter into forward commitments to purchase: (1) Federal Family Education Loans (FFELs) from lenders, upon the determination that there is an inadequate availability of loan capital to meet the demand for such loans; and (2) rehabilitated loans that eligible lenders purchased under the FFEL default reduction program. Extends by one year, from June 30, 2010 to June 30, 2011, the authority of institutions of higher education (IHEs), with the Secretary's approval, to participate in the FFEL lender-of-last-resort program for borrowers otherwise unable to obtain such loans (thereby requiring guaranty agencies serving as lenders-of-last-resort to make FFELs to student and parent borrowers of such IHEs, until such date, regardless of their ability to otherwise obtain such loans).
Title
A bill to extend the authority of the Secretary of Education to purchase guaranteed student loans for an additional year, and for other purposes.
Sponsors
Sen. Lamar Alexander [R-TN] | Sen. John Barrasso [R-WY] | Sen. Robert Bennett [R-UT] | Sen. Christopher Bond [R-MO] |
Sen. Richard Burr [R-NC] | Sen. Tom Coburn [R-OK] | Sen. John Ensign [R-NV] | Sen. Michael Enzi [R-WY] |
Sen. Lindsey Graham [R-SC] | Sen. Judd Gregg [R-NH] | Sen. Orrin Hatch [R-UT] | Sen. Kay Hutchison [R-TX] |
Sen. Johnny Isakson [R-GA] | Sen. Mike Johanns [R-NE] | Sen. Blanche Lincoln [D-AR] | Sen. John McCain [R-AZ] |
Sen. Lisa Murkowski [R-AK] | Sen. Benjamin Nelson [D-NE] | Sen. Pat Roberts [R-KS] | Sen. John Thune [R-SD] |
Sen. Roger Wicker [R-MS] |
History
Date | Chamber | Action |
---|---|---|
2009-11-18 | Read twice and referred to the Committee on Health, Education, Labor, and Pensions. (text of measure as introduced: CR S11496) | |
2009-11-18 | Sponsor introductory remarks on measure. (CR S11495-11496) |
Same As/Similar To
HB4103 (Same As) 2010-01-04 - Referred to the Subcommittee on Higher Education, Lifelong Learning, and Competitiveness.
Subjects
US Congress State Sources
Type | Source |
---|---|
Summary | https://www.congress.gov/bill/111th-congress/senate-bill/2796/all-info |
Text | https://www.congress.gov/111/bills/s2796/BILLS-111s2796is.pdf |