Interest Rate Reduction Act

Bill: 112-hr-4628
Sponsor: Rep. Biggert, Judy [R-IL-13]
Introduced: 2012-04-25 in the House
Policy area: Education
Subjects: Appropriations
Government lending and loan guarantees
Government trust funds
Health programs administration and funding
Health promotion and preventive care
Higher education
Interest, dividends, interest rates
Student aid and college costs

Summary:
action_date: 2012-04-25
text: 
Interest Rate Reduction Act - Amends title IV (Student Assistance) of the Higher Education Act of 1965 to make the 3.4% interest rate on Direct Stafford loans first disbursed to undergraduate students between July 1, 2011, and July 1, 2012, applicable to Direct Stafford loans first disbursed to undergraduate students between July 1, 2011, and July 1, 2013. 
 
Amends the Patient Protection and Affordable Care Act to repeal provisions establishing and appropriating funds to the Prevention and Public Health Fund (a Fund to provide for expanded and sustained national investment in prevention and public health programs to improve health and help restrain the rate of growth in private and public sector health care costs). Rescinds any unobligated balances appropriated to such Fund.

action_date: 2012-04-27
text: 

(This measure has not been amended since it was introduced. The summary of that version is repeated here.)

 
Interest Rate Reduction Act - Amends title IV (Student Assistance) of the Higher Education Act of 1965 to make the 3.4% interest rate on Direct Stafford loans first disbursed to undergraduate students between July 1, 2011, and July 1, 2012, applicable to Direct Stafford loans first disbursed to undergraduate students between July 1, 2011, and July 1, 2013. 
 
Amends the Patient Protection and Affordable Care Act to repeal provisions establishing and appropriating funds to the Prevention and Public Health Fund (a Fund to provide for expanded and sustained national investment in prevention and public health programs to improve health and help restrain the rate of growth in private and public sector health care costs). Rescinds any unobligated balances appropriated to such Fund.


Legislative actions:
action_date: 2012-05-08
text: Read the second time. Placed on Senate Legislative Calendar under General Orders. Calendar No. 393.
action_date: 2012-05-07
text: Received in the Senate. Read the first time. Placed on Senate Legislative Calendar under Read the First Time.
action_date: 2012-04-27
text: Motion to reconsider laid on the table Agreed to without objection.
action_date: 2012-04-27
text: On passage Passed by recorded vote: 215 - 195 (Roll no. 195). (text: CR H2228)
action_date: 2012-04-27
text: Passed/agreed to in House: On passage Passed by recorded vote: 215 - 195 (Roll no. 195).(text: CR H2228)
action_date: 2012-04-27
text: On motion to recommit with instructions Failed by recorded vote: 178 - 231 (Roll no. 194).
action_date: 2012-04-27
text: The previous question on the motion to recommit with instructions was ordered without objection. (consideration: CR H2250)
action_date: 2012-04-27
text: DEBATE - The House proceeded with 10 minutes of debate on the Capps motion to recommit with instructions. The instructions contained in the motion seek to require the bill to be reported back to the House with an amendment to protect health insurance benefits for women and children by prohibiting the underlying bill from reducing coverage or raising costs for healthcare benefits offered by insurance companies, including benefits such as contraception, mammograms, cervical cancer screenings, childhood immunizations, and health screenings for newborns.
action_date: 2012-04-27
text: Mrs. Capps moved to recommit with instructions to Education and the Workforce and Energy and Commerce. (consideration: CR H2246-2250; text: CR H2246)
action_date: 2012-04-27
text: Considered as unfinished business. (consideration: CR H2246-2252)
action_date: 2012-04-27
text: POSTPONED PROCEEDINGS - Pursuant to clause 1(c) of rule XIX, the Chair announced that further proceedings on the bill H.R. 4628 were postponed.
action_date: 2012-04-27
text: The previous question was ordered pursuant to the rule. (consideration: CR H2246)
action_date: 2012-04-27
text: DEBATE - The House continued with debate on H.R. 4628.
action_date: 2012-04-27
text: DEBATE - The House proceeded with one hour of debate on H.R. 4628.
action_date: 2012-04-27
text: Rule provides for consideration of H.R. 3523 with 1 hour of general debate. Motion to recommit with or without instructions allowed. Measure will be considered read. Specified amendments are in order. The rule waives all points of order against consideration of the bill. The rule makes in order as original text for purpose of amendment the amendment in the nature of a substitute consisting of the text of Rules Committee Print 112-20 and provides that it shall be considered as read. The rule waives all points of order against the amendment in the nature of a substitute. The rule makes in order only those amendments printed in the Rules Committee report. The rule further provides that it shall be in order at any time through the legislative day of April 27, 2012, for the Speaker to entertain motions that the House suspend the rules. The rule provides further for a closed rule for consideration of H.R. 4628. The rule provides one hour of general debate and one motion to recommit. Finally, the rule provides that the Committee on Appropriations may, at any time before 6 p.m. on Wednesday, May 2, 2012 recommit. Finally, the rule provides that the Committee on Appropriations may, at any time before 6 p.m. on Wednesday, May 2, 2012 file, privileged reports to accompany measures making appropriations for the fiscal year ending September 30, 2013.
action_date: 2012-04-27
text: Considered under the provisions of rule H. Res. 631. (consideration: CR H2228-2246)
action_date: 2012-04-26
text: Referred to the Subcommittee on Health.
action_date: 2012-04-25
text: Referred to the Committee on Education and the Workforce, and in addition to the Committees on Energy and Commerce, and the Budget, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.
action_date: 2012-04-25
text: Referred to the Committee on Education and the Workforce, and in addition to the Committees on Energy and Commerce, and the Budget, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.
action_date: 2012-04-25
text: Referred to the Committee on Education and the Workforce, and in addition to the Committees on Energy and Commerce, and the Budget, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.
action_date: 2012-04-25
text: Introduced in House
action_date: 2012-04-25
text: Introduced in House