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- H.R.2530
H.R.2530: To prohibit the Student Loan Marketing Association from conditioning the waiver of redemption premiums, otherwise chargeable in connection with the refinancing of securities acquired by the Association while it was a government-sponsored enterprise, on the use of its own investment banking subsidiary.
About This Bill
- This bill was introduced in the 105th Congress
- This bill is primarily about taxation
- Introduced Sept. 23, 1997
- Latest Major Action Nov. 7, 1997
Bill Sponsor
Bill Summary
Prohibits a current practice of the Student Loan Marketing Association (Sallie Mae) with respect to tax-exempt municipal bonds issued by various educational institutions and acquired by Sallie Mae, before January 1, 1997, as a government-sponsored enterprise. Prohibits Sallie Mae, or any other entity obtaining securities from Sallie Mae pursuant to a restructuring of the common stock ownership of Sallie Mae under the Higher Education Act of...
(Source: Library of Congress)
Bill Actions
| Date | Description |
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Referred to the House Committee on Education and the Workforce.
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Referred to the Subcommittee on Postsecondary Education, Training and Life-Long Learning.
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| Sept. 23, 1997 |
Introduced in the House by David E. Skaggs (D-Colo.) |