US Congress House Bill 1979 (Prior Session Legislation)

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Spectrum: Partisan Bill (Democrat 26-0)
Status: Introduced on May 14 2013 - 25% progression, died in committee
Action: 2013-07-08 - 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]

Bank on Students Loan Fairness Act - Amends title IV (Student Assistance) of the Higher Education Act of 1965 to direct the Board of Governors of the Federal Reserve System to provide the Secretary of Education, from the combined earnings of the Federal Reserve System, with the amount the Secretary determines to be reasonably necessary to award Direct Stafford Loans during the award year beginning July 1, 2013, to all eligible students attending participating institutions of higher education selected by the Secretary. Prohibits appropriated funds from being used for Direct Stafford Loans made during that period. Sets the interest rate on Direct Stafford Loans first disbursed on or after July 1, 2013, and before July 1, 2014, at the primary credit rate charged by the Federal Reserve banks on July 1, 2013.

Bank on Students Loan Fairness Act

Rep. John Tierney [D-MA]	Rep. Earl Blumenauer [D-OR]	Rep. David Cicilline [D-RI]	Rep. Katherine Clark [D-MA]
Rep. John Conyers [D-MI]	Rep. Elijah Cummings [D-MD]	Rep. Peter DeFazio [D-OR]	Rep. Diana DeGette [D-CO]
Rep. Keith Ellison [D-MN]	Rep. John Garamendi [D-CA]	Rep. Alan Grayson [D-FL]	Rep. Raul Grijalva [D-AZ]
Rep. Rush Holt [D-NJ]	Rep. Joseph Kennedy [D-MA]	Rep. Ron Kind [D-WI]	Rep. Ann Kuster [D-NH]
Rep. Barbara Lee [D-CA]	Rep. Nita Lowey [D-NY]	Sen. Edward Markey [D-MA]	Rep. Jim McDermott [D-WA]
Rep. Allyson Schwartz [D-PA]	Rep. David Scott [D-GA]	Rep. Carol Shea-Porter [D-NH]	Rep. Maxine Waters [D-CA]
Rep. Henry Waxman [D-CA]	Rep. John Yarmuth [D-KY]

Date	Chamber	Action
2013-07-08	House	Referred to the Subcommittee on Higher Education and Workforce Training.
2013-05-14	House	Referred to the House Committee on Education and the Workforce.

SB897 (Same As) 2013-05-08 - Read twice and referred to the Committee on Health, Education, Labor, and Pensions.

Type	Source
Summary	https://www.congress.gov/bill/113th-congress/house-bill/1979/all-info
Text	https://www.congress.gov/113/bills/hr1979/BILLS-113hr1979ih.pdf