US Congress Senate Bill 897 (Prior Session Legislation)

---

Spectrum: Strong Partisan Bill (Democrat 12-1)
Status: Introduced on May 8 2013 - 25% progression, died in committee
Action: 2013-05-08 - Read twice and referred to the Committee on Health, Education, Labor, and Pensions.
Pending: Senate Health, Education, Labor, And Pensions 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

Sen. Elizabeth Warren [D-MA]	Sen. Mark Begich [D-AK]	Sen. Richard Blumenthal [D-CT]	Sen. Barbara Boxer [D-CA]
Sen. Al Franken [D-MN]	Sen. Mary Landrieu [D-LA]	Sen. Edward Markey [D-MA]	Sen. Claire McCaskill [D-MO]
Sen. Jeff Merkley [D-OR]	Sen. Barbara Mikulski [D-MD]	Sen. John Rockefeller [D-WV]	Sen. Bernard Sanders [I-VT]
Sen. Brian Schatz [D-HI]

Date	Chamber	Action
2013-05-08	Senate	Read twice and referred to the Committee on Health, Education, Labor, and Pensions.
2013-05-08	Senate	Sponsor introductory remarks on measure. (CR S3260)

HB1979 (Same As) 2013-07-08 - Referred to the Subcommittee on Higher Education and Workforce Training.

Type	Source
Summary	https://www.congress.gov/bill/113th-congress/senate-bill/897/all-info
Text	https://www.congress.gov/113/bills/s897/BILLS-113s897is.pdf