IB 

Union Calendar No. 525 

114TH CONGRESS 

2D SESSION H. R. 5530 

[Report No. 114–677] 

To amend the Higher Education Act of 1965 to modify certain provisions 

relating to the capital financing of historically Black colleges and universities. 

IN THE HOUSE OF REPRESENTATIVES 

JUNE 20, 2016 

Ms. ADAMS (for herself and Mr. BYRNE) introduced the following bill; which 

was referred to the Committee on Education and the Workforce 

JULY 11, 2016 

Additional sponsors: Mr. SCOTT of Virginia, Mr. KLINE, Mr. HINOJOSA, Mr. 

ROE of Tennessee, Mr. COURTNEY, Mr. THOMPSON of Pennsylvania, Ms. 

FUDGE, Ms. BONAMICI, Mr. POCAN, Ms. WILSON of Florida, and Ms. 

LEE

JULY 11, 2016 

Reported with an amendment, committed to the Committee of the Whole 

House on the State of the Union, and ordered to be printed 

[Strike out all after the enacting clause and insert the part printed in italic] 

[For text of introduced bill, see copy of bill as introduced on June 20, 2016] 


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•HR 5530 RH

A BILL 

To amend the Higher Education Act of 1965 to modify 

certain provisions relating to the capital financing of 

historically Black colleges and universities. 


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•HR 5530 RH

1 Be it enacted by the Senate and House of Representa2 tives of the United States of America in Congress assembled, 

3 SECTION 1. SHORT TITLE. 

4 This Act may be cited as the ‘‘HBCU Capital Financ5 ing Improvement Act’’. 

6 SEC. 2. BOND INSURANCE. 

7 Section 343 of the Higher Education Act of 1965 (20 

8 U.S.C. 1066b) is amended— 

9 (1) by striking ‘‘escrow account’’ each place it 

10 appears and inserting ‘‘bond insurance fund’’; and 

11 (2) in subsection (b)— 

12 (A) in paragraph (1), by striking ‘‘an’’ and 

13 inserting ‘‘a’’; and 

14 (B) in paragraph (8), in the matter pre15 ceding subparagraph (A), by striking ‘‘an’’ and 

16 inserting ‘‘a’’. 

17 SEC. 3. STRENGTHENING TECHNICAL ASSISTANCE. 

18 Paragraph (9) of section 345 of the Higher Education 

19 Act of 1965 (20 U.S.C. 1066d) is amended to read as fol20 lows: 

21 ‘‘(9) may, directly or by grant or contract, pro22 vide financial counseling and technical assistance to 

23 eligible institutions to prepare the institutions to 

24 qualify, apply for, and maintain a capital improve25 ment loan, including a loan under this part; and’’. 


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•HR 5530 RH

1 SEC. 4. HBCU CAPITAL FINANCING ADVISORY BOARD. 

2 Paragraph (2) of section 347(c) of the Higher Edu3 cation Act of 1965 (20 U.S.C. 1066f(c)) is amended to read 

4 as follows: 

5 ‘‘(2) REPORT.—On an annual basis, the Advi6 sory Board shall prepare and submit to the author7 izing committees a report on the status of the histori8 cally Black colleges and universities described in 

9 paragraph (1)(A). That report shall also include— 

10 ‘‘(A) an overview of all loans in the capital 

11 financing program, including the most recent 

12 loans awarded in the fiscal year in which the re13 port is submitted; and 

14 ‘‘(B) administrative and legislative rec15 ommendations, as needed, for addressing the 

16 issues related to construction financing facing 

17 historically Black colleges and universities.’’. 


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Union Calendar No. 525 

114TH CONGRESS 

2D SESSION H. R. 5530 

[Report No. 114–677] 

A BILL 

To amend the Higher Education Act of 1965 to 

versities. financing of historically Black colleges and unimodify certain provisions relating to the capital 

JULY 11, 2016 

Reported with an amendment, committed to the Comand ordered to be printed mittee of the Whole House on the State of the Union, 


rfrederick on DSK6VPTVN1PROD with BILLS