S.1003: Comprehensive Student Loan Protection Act

About This Bill

Bill Sponsor

Bill Summary

Comprehensive Student Loan Protection Act - Amends title IV (Student Assistance) of the Higher Education Act of 1965 to set the interest rate on Direct Loans, for any 12-month period beginning on July 1 and ending on June 30, at the bond equivalent rate of 10-year Treasury bills auctioned at the final auction held prior to such June 1, plus 3%. Makes: (1) that formula applicable to Direct Loans first disbursed on or after July 1, 2013, and (2)...

(Source: Library of Congress)

What Lawmakers Are Saying About This Bill

There are 5 statements associated with S.1003.

Bill Actions

Date Description
June 6, 2013

Cloture on the motion to proceed to measure not invoked in Senate by Yea-Nay Vote. 40 - 57. Record Vote Number: 142. (consideration: CR S3976-3977; text: CR S3977)

June 4, 2013
Cloture motion on the motion to proceed to measure presented in Senate. (consideration: CR S3949; text: CR S3949)
June 4, 2013
Motion to proceed to consideration of measure, by unanimous consent, made in Senate. (consideration: CR S3949)
May 22, 2013
Read the second time. Placed on Senate Legislative Calendar under General Orders. Calendar No. 76.
May 21, 2013
Introduced in the Senate. Read the first time. Placed on Senate Legislative Calendar under Read the First Time.
May 21, 2013

Introduced in the Senate by Tom Coburn (R-Okla.)

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