Student Loan Accessibility Act

To amend the Higher Education Act of 1965 to extend the reduced interest rate for Federal Direct Stafford Loans, and for other purposes. 1. Short title This Act may be cited as the Student Loan Accessibility Act 2. Interest rate extension (a) Amendments Section 455(b)(7)(D) of the Higher Education Act of 1965 ( 20 U.S.C. 1087e(b)(7)(D) (1) in the matter preceding clause (i), by striking and before July 1, 2013, and before July 1, 2014, (2) in clause (v), by striking and before July 1, 2013, and before July 1, 2014, (b) Effective date The amendments made by subsection (a) shall take effect as if enacted on July 1, 2013. 3. Modification of good time conduct calculation (a) In general Section 3624(b) (1) by striking paragraph (1) and inserting the following: (1) Subject to paragraphs (2) and (3)(C), a prisoner who is serving a term of imprisonment of more than 1 year, other than a term of imprisonment for the duration of the prisoner’s life, shall receive credit toward the service of the prisoner’s sentence, in addition to the time actually served by the prisoner, beginning on the date on which the sentence of the prisoner commences, at the rate of 84 days per year of sentence imposed, if the Bureau of Prisons determines that the prisoner has displayed exemplary compliance with institutional disciplinary regulations. ; and (2) by striking paragraphs (3) and (4) and inserting the following: (3) (A) This subsection shall apply to all prisoners serving a term of imprisonment for offenses committed on or after November 1, 1987. (B) With respect to a prisoner serving a term of imprisonment on the date of enactment of the Student Loan Accessibility Act, this subsection shall apply to the entirety of the sentence imposed on the prisoner, including time already served. (C) A prisoner may not be awarded credit under this subsection that would cause the prisoner to be eligible for release earlier than the time already served by the prisoner on the imposed sentence. . (b) Effective date The amendments made by paragraph (1) shall take effect 90 days after the date of enactment of this Act. 4. Modification of the TSA Administrator’s authority to receive, assess, and distribute intelligence information related to transportation security The Transportation Security Administration Administrator shall not implement the Screening of Passengers by Observation Techniques (SPOT) program developed pursuant to the enactment of the Aviation and Transportation Security Act ( Public Law 107–71

Summary: Student Loan Accessibility Act - 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 federal criminal code to provide that a prisoner who is serving a term of imprisonment of more than one year, other than a term of life imprisonment, shall receive credit in addition to the time actually served at a rate of 84 days per year of sentence imposed if the Bureau of Prisons determines that the prisoner has displayed exemplary compliance with institutional disciplinary regulations. Prohibits the Administrator of the Transportation Security Administration (TSA) from implementing the Screening of Passengers by Observation Techniques (SPOT) program. Requires any unobligated funds for that program to be expeditiously returned to the U.S. Treasury.