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Bill114th CongressFiled Jun 20, 2016Education
H.R. 5530

HBCU Capital Financing Improvement Act

Bill journey · stage 2 of 5

Under committee review

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What it doesSummary passed house amended (Jul 11, 2016)

HBCU Capital Financing Improvement Act

(Sec. 2) This bill amends title III (Institutional Aid) of the Higher Education Act of 1965 to modify the HBCU Capital Financing Program. [The program guarantees low-cost private loans to historically black colleges and universities (HBCUs) to finance infrastructure repairs, maintenance, and construction.]

It replaces statutory references to "escrow account" with "bond insurance fund."

(Sec. 3) The bill authorizes the Department of Education to provide financial counseling that prepares an eligible HBCU to qualify for, apply for, and maintain a capital improvement loan.

(Sec. 4) It revises and expands reporting requirements for the HBCU Capital Financing Advisory Board.

What just happenedJul 12, 2016

Received in the Senate and Read twice and referred to the Committee on Health, Education, Labor, and Pensions.

Who’s behind it

Rep. Adams, Alma S. [D-NC-12](D-NC)Sponsor
12 cosponsors8 D4 R
Read on Congress.gov
12cosponsors2committees15actions5subjects
  1. Jul 12, 2016IntroReferral

    Received in the Senate and Read twice and referred to the Committee on Health, Education, Labor, and Pensions.

    Health, Education, Labor, and Pensions Committee
  2. Jul 11, 2016FloorH38310

    Motion to reconsider laid on the table Agreed to without objection.

  3. Jul 11, 2016FloorH37300

    On motion to suspend the rules and pass the bill, as amended Agreed to by voice vote. (text: CR H4606)

  4. Jul 11, 2016Floor8000

    Passed/agreed to in House: On motion to suspend the rules and pass the bill, as amended Agreed to by voice vote.(text: CR H4606)

  5. Jul 11, 2016FloorH8D000

    DEBATE - The House proceeded with forty minutes of debate on H.R. 5530.

  6. Jul 11, 2016FloorH30000

    Considered under suspension of the rules. (consideration: CR H4606-4607)

  7. Jul 11, 2016FloorH30300

    Mr. Byrne moved to suspend the rules and pass the bill, as amended.

  8. Jul 11, 2016CalendarsH12410

    Placed on the Union Calendar, Calendar No. 525.

  9. Jul 11, 2016CommitteeH12200

    Reported (Amended) by the Committee on Education and the Workforce. H. Rept. 114-677.

    Education and the Workforce Committee
  10. Jul 11, 2016Committee5000

    Reported (Amended) by the Committee on Education and the Workforce. H. Rept. 114-677.

    Education and the Workforce Committee
  11. Jun 22, 2016Committee

    Ordered to be Reported (Amended) by Voice Vote.

    Education and the Workforce Committee
  12. Jun 22, 2016Committee

    Committee Consideration and Mark-up Session Held.

    Education and the Workforce Committee
  13. Jun 20, 2016IntroReferralH11100

    Referred to the House Committee on Education and the Workforce.

    Education and the Workforce Committee
  14. Jun 20, 2016IntroReferralIntro-H

    Introduced in House

  15. Jun 20, 2016IntroReferral1000

    Introduced in House

Passed House amendedJul 11, 201636

HBCU Capital Financing Improvement Act

(Sec. 2) This bill amends title III (Institutional Aid) of the Higher Education Act of 1965 to modify the HBCU Capital Financing Program. [The program guarantees low-cost private loans to historically black colleges and universities (HBCUs) to finance infrastructure repairs, maintenance, and construction.]

It replaces statutory references to "escrow account" with "bond insurance fund."

(Sec. 3) The bill authorizes the Department of Education to provide financial counseling that prepares an eligible HBCU to qualify for, apply for, and maintain a capital improvement loan.

(Sec. 4) It revises and expands reporting requirements for the HBCU Capital Financing Advisory Board.

Introduced in HouseJun 20, 2016

HBCU Capital Financing Improvement Act

This bill amends title III (Institutional Aid) of the Higher Education Act of 1965 to modify the HBCU Capital Financing Program. [The program guarantees low-cost private loans to historically black colleges and universities (HBCUs) to finance infrastructure repairs, maintenance, and construction.]

It replaces statutory references to "escrow account" with "bond insurance fund."

The bill authorizes the Department of Education to provide financial counseling that prepares an eligible HBCU to qualify for, apply for, and maintain a capital improvement loan.

Finally, it revises and expands reporting requirements for the HBCU Capital Financing Advisory Board.

HBCU Capital Financing Improvement Act — Informed