Amendment99th Congress
An amendment to change the interest rate on consolidated loans during the 11th through 25th year. The bill set the rate at 12 percent. The amendment provides a formula for determining the interest rate: it is to be 12 percent or the average bond equivalent rates of 91 day Treasury bills plus 3.5 percent, whichever is higher.
- Amendment Number
- 658
- Description
- An amendment to change the interest rate on consolidated loans during the 11th through 25th year. The bill set the rate at 12 percent. The amendment provides a formula for determining the interest rate: it is to be 12 percent or the average bond equivalent rates of 91 day Treasury bills plus 3.5 percent, whichever is higher.
- Congress
- 99
- Type
- HAMDT
- Latest Action Date
- Dec 4, 1985
- Latest Action Text
- Amendment Passed in Committee of the Whole by Voice Vote.
- Submitted Date
- Dec 4, 1985
- Chamber
- House of Representatives
- Update Date
- Jun 30, 2021