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S.1238: Keep Student Loans Affordable Act of 2013

About this Bill

This bill was introduced in the 113th Congress
This bill is primarily about education
You can read the bill
Sponsor Jack Reed, D-R.I.
Total Cosponsors 44 (43 Democrats, 1 Independent)
Introduced June 27, 2013
Latest Major Action July 17, 2013
See it on GovTrack
See it on C-SPAN

Bill Progress

  • Bill introduced in the Senate   
  • Bill passed in the Senate   
  • Bill passed in the House   
  • Bill signed into law

Bill Summary

Keep Student Loans Affordable Act of 2013 - Amends title IV (Student Assistance) of the Higher Education Act of 1965 to extend the 3.4% interest rate on Direct Stafford loans first disbursed to undergraduate students between July 1, 2011, and July 1, 2013, to Direct Stafford loans first disbursed to undergraduate students between July 1, 2011, and July 1, 2014.

Amends the Internal Revenue Code to modify rules for required distributions from tax-exempt pension plans to an employee who dies before such employee's entire interest is distributed to require such interest to be distributed within five years after the death of such employee, subject to exceptions for an eligible designated beneficiary and surviving spouse of such employee. Defines "eligible designated beneficiary" to include a disabled or chronically-ill individual. Exempts from such modification a binding annuity contract in effect on the enactment date of this Act.

(Source: Congressional Research Service)

Bill Actions

Date Description
July 17, 2013 Motion to proceed to consideration of measure made in Senate. (consideration: CR S5717-5718)
July 16, 2013 Motion to proceed to measure considered in Senate. (consideration: CR S5691)
July 15, 2013 Motion to proceed to consideration of measure made in Senate. (consideration: CR S5675)
July 11, 2013 Motion to proceed to consideration of measure made in Senate. (consideration: CR S5625-5628)
July 10, 2013 Motion by Senator Reid to reconsider the vote by which cloture was not invoked on the motion to proceed to the measure (Record Vote No. 171) made in Senate. (consideration: CR S5595)
July 10, 2013

Cloture on the motion to proceed to measure not invoked in Senate by Yea-Nay Vote. 51 - 49. Record Vote Number: 171. (consideration: CR S5595; text: CR S5595)

July 10, 2013 Motion to proceed to consideration of measure made in Senate. (consideration: CR S5584-5602, S5603-5615)
July 9, 2013 Motion to proceed to consideration of measure made in Senate. (consideration: CR S5531-5537, S5543-5564)
July 8, 2013 Cloture motion on the motion to proceed to measure presented in Senate. (consideration: CR S5522-5524; text: CR S5522)
July 8, 2013 Motion to proceed to consideration of measure made in Senate. (consideration: CR S5513-5514)
June 27, 2013 Introduced in the Senate. Read twice. Ordered Placed on Senate Legislative Calendar under General Orders. Calendar No. 124.