Amendment sought to remove the Federal mandate of "not less than 30%" for principal forgiveness and allow States to provide such forgiveness at a rate of "30% or less" when dealing with funds made available under the American Recovery and Reinvestment Act.

Ask AI
Amendment Number
762
Description
Amendment sought to remove the Federal mandate of "not less than 30%" for principal forgiveness and allow States to provide such forgiveness at a rate of "30% or less" when dealing with funds made available under the American Recovery and Reinvestment Act.
Purpose
An amendment to strike "not less that 30 percent" and insert "30 percent or less".
Congress
112
Type
HAMDT
Latest Action Date
Jul 28, 2011
Latest Action Text
On agreeing to the Lankford amendment (A039) Failed by recorded vote: 161 - 263 (Roll no. 666). (consideration: CR H5689-5690)
Latest Action Time
14:31:32
Submitted Date
Jul 27, 2011
Chamber
House of Representatives
Update Date
Dec 5, 2020
Amendment 762 — Informed