Bill113th Congress

H.R. 1979

Bank on Students Loan Fairness Act

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Introduced
May 14, 2013
Origin Chamber
House
Policy Area
Education
Latest Action
Jul 8, 2013

Sponsor

Rep. Tierney, John F. [D-MA-6]

Democrat·MA-6
Bioguide ID: T000266
First Name: JOHN
Middle Name: F.
Last Name: TIERNEY
By Request: N
25
Cosponsors
1
Committees
4
Actions
0
Amendments
1
Related Bills
5
Subjects
1
Summaries
3
Titles
1
Text Versions

Bill Details

Update Date
Jan 11, 2023
Origin Chamber
House
Bill Type
HR
Bill Number
1,979
Congress
113
Introduced Date
May 14, 2013
Policy Area
Education
Is Law
No
Jul 8, 2013Committee

Referred to the Subcommittee on Higher Education and Workforce Training.

Source: House committee actions

May 14, 2013IntroReferralH11100

Referred to the House Committee on Education and the Workforce.

Source: House floor actions

May 14, 2013IntroReferralIntro-H

Introduced in House

Source: Library of Congress

May 14, 2013IntroReferral1000

Introduced in House

Source: Library of Congress

Introduced in House· May 14, 20130

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.

Education and the Workforce Committee

House· Standing
Education programs fundingGovernment lending and loan guaranteesHigher educationInterest, dividends, interest ratesStudent aid and college costs

Introduced in House

May 14, 2013

Bank on Students Loan Fairness Act — Informed