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- S.1762
S.1762: A bill to amend the Higher Education Act of 1965 to establish fixed interest rates for student and parent borrowers, to extend current law with respect to special allowances for lenders, and for other purposes.
About This Bill
- This bill was introduced in the 107th Congress
- This bill is primarily about education
- Introduced Dec. 4, 2001
- Latest Major Action Feb. 8, 2002
Bill Sponsor
Bill Cosponsor
Bill Summary
Amends title IV (Student Assistance) of the Higher Education Act of 1965 (HEA) to set fixed interest rates for new loans made on or after July 1, 2006, under: (1) the Federal Family Education Loan program (FFEL) for student loans (6.8 percent), parent (PLUS) loans, and consolidation loans (8.25 percent or a lesser amount based on a weighted average of interest rates of the loans consolidated); and (2) the William D. Ford Federal Direct Loan...
(Source: Library of Congress)
Congressional Budget Office Estimate
Bill Actions
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Read twice and referred to the Committee on Health, Education, Labor, and Pensions.
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Committee on Health, Education, Labor, and Pensions. Reported by Senator Kennedy without amendment. Without written report.
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Placed on Senate Legislative Calendar under General Orders. Calendar No. 277.
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Passed Senate without amendment by Unanimous Consent.
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Message on Senate action sent to the House.
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Received in the House.
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Held at the desk.
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Mr. Boehner moved to suspend the rules and pass the bill.
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Considered under suspension of the rules.
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DEBATE - The House proceeded with forty minutes of debate on S. 1762.
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At the conclusion of debate, the chair put the question on the motion to suspend the rules. Mr. Miller, George objected to the vote on the grounds that a quorum was not present. Further proceedings on the motion were postponed. The point of no quorum was withdrawn.
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Considered as unfinished business.
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On motion to suspend the rules and pass the bill Failed by recorded vote (2/3 required): 257 - 148 (Roll no. 512).
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Motion to reconsider laid on the table Agreed to without objection.
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Rules Committee Resolution H. Res. 334 Reported to House. Rule provides for consideration of S. 1762 with 1 hour of general debate. Previous question shall be considered as ordered without intervening motions. Measure will be considered read. Bill is closed to amendments. One motion to commit is in order, if offered.
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Rule H. Res. 334 passed House.
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Considered under the provisions of rule H. Res. 334.
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Rule provides for consideration of S. 1762 with 1 hour of general debate. Previous question shall be considered as ordered without intervening motions. Measure will be considered read. Bill is closed to amendments. One motion to commit is in order, if offered.
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DEBATE - The House proceeded with one hour of debate on S. 1762.
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The previous question was ordered pursuant to the rule.
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On passage Passed by the Yeas and Nays: 372 - 3 (Roll no. 4).
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Motion to reconsider laid on the table Agreed to without objection.
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Cleared for White House.
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Presented to President.
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Signed by President.
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Became Public Law No: 107-139.
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| Dec. 4, 2001 |
Introduced in the Senate by Tim Johnson (D-S.D.) |