S 2796 in Congressional Session 111

Official Summary

 

Bill Number : S 2796

 

Title : A bill to extend the authority of the Secretary of Education to purchase guaranteed student loans for an additional year, and for other purposes.

 

SUMMARY AS OF:
11/18/2009--Introduced. Amends the Higher Education Act of 1965 to extend by one year, from July 2010 to July 2011, the Secretary of Education's authority to purchase or enter into forward commitments to purchase: (1) Federal Family Education Loans (FFELs) from lenders, upon the determination that there is an inadequate availability of loan capital to meet the demand for such loans; and (2) rehabilitated loans that eligible lenders purchased under the FFEL default reduction program. Extends by one year, from June 30, 2010 to June 30, 2011, the authority of institutions of higher education (IHEs), with the Secretary's approval, to participate in the FFEL lender-of-last-resort program for borrowers otherwise unable to obtain such loans (thereby requiring guaranty agencies serving as lenders-of-last-resort to make FFELs to student and parent borrowers of such IHEs, until such date, regardless of their ability to otherwise obtain such loans).

Votes

Title : A bill to extend the authority of the Secretary of Education to purchase guaranteed student loans for an additional year, and for other purposes.
Votes in the US Senate
This Bill was not Voted in the US Senate
Votes in the US House
This Bill was not Voted in the US House

Sponsors

 
Congressional Sponsors of S 2796
 
Bill Number : S 2796

Title : A bill to extend the authority of the Secretary of Education to purchase guaranteed student loans for an additional year, and for other purposes.

Sponsor: Sen Enzi, Michael B. [WY] (introduced 11/18/2009)      

ALPHABETICAL [followed by Cosponsors withdrawn]:     (Sort: by date)Sen Alexander, Lamar [TN] - 11/18/2009
Sen Barrasso, John [WY] - 12/21/2009
Sen Bennett, Robert F. [UT] - 2/23/2010
Sen Bond, Christopher S. [MO] - 3/1/2010
Sen Burr, Richard [NC] - 11/18/2009
Sen Coburn, Tom [OK] - 11/18/2009
Sen Ensign, John [NV] - 12/7/2009
Sen Graham, Lindsey [SC] - 12/7/2009
Sen Gregg, Judd [NH] - 11/18/2009
Sen Hatch, Orrin G. [UT] - 11/18/2009
Sen Hutchison, Kay Bailey [TX] - 12/4/2009
Sen Isakson, Johnny [GA] - 11/18/2009
Sen Johanns, Mike [NE] - 12/10/2009
Sen Lincoln, Blanche L. [AR] - 1/21/2010
Sen McCain, John [AZ] - 11/18/2009
Sen Murkowski, Lisa [AK] - 11/18/2009
Sen Nelson, E. Benjamin [NE] - 11/18/2009
Sen Roberts, Pat [KS] - 11/18/2009
Sen Thune, John [SD] - 2/24/2010
Sen Wicker, Roger F. [MS] - 12/10/2009

Other Info

Bill Number : S 2796

Title : A bill to extend the authority of the Secretary of Education to purchase guaranteed student loans for an additional year, and for other purposes.

 
MAJOR ACTIONS:
***NONE***

 
ALL ACTIONS:
1
 
1/18/2009:Sponsor introductory remarks on measure. (CR S11495-11496) 1
 
1/18/2009:Read twice and referred to the Committee on Health, Education, Labor, and Pensions. (text of measure as introduced: CR S11496)