PLUS Loan Accessibility Act

Bill: 113-hr-2966
Sponsor: full_name: Rep. Richmond, Cedric L. [D-LA-2]
Introduced: 2013-08-01
Policy area: Education
Subjects: Administrative law and regulatory procedures

Consumer credit

Department of Education

Government lending and loan guarantees

Higher education

Student aid and college costs
Latest action: action_date: 2013-09-13
text: Referred to the Subcommittee on Higher Education and Workforce Training.

Summaries:
action_date: 2013-08-01
action_desc: Introduced in House
text: <p>PLUS Loan Accessibility Act - Amends title IV (Student Assistance) of the Higher Education Act of 1965 to suspend the provision making individuals with an adverse credit history ineligible for Federal Direct PLUS Loans until the Secretary of Education implements final rules on the proposed rules for federal student aid programs developed by a specified negotiated rulemaking committee. (PLUS Loans are provided to graduate or professional students or the parents of dependent undergraduate students.)</p>

tv_txt: I 113th CONGRESS 1st Session H. R. 2966 IN THE HOUSE OF REPRESENTATIVES August 1, 2013 Mr. Richmond (for himself, Ms. Fudge , and Ms. Brown of Florida ) introduced the following bill; which was referred to the Committee on Education and the Workforce A BILL To amend the Higher Education Act of 1965 to suspend, for a certain period, the use of adverse credit history in determining eligibility for Federal Direct PLUS Loans.

1. Short title This Act may be cited as the PLUS Loan Accessibility Act . 2. Provision of eligibility for Federal Direct PLUS Loans Section 428B(a)(1)(A) of the Higher Education Act of 1965 ( 20 U.S.C. 1078–2(a)(1)(A) ) is amended by adding before the semicolon the following: , except that this subparagraph shall not be enforced with respect to Federal Direct PLUS Loans during the period beginning on the date of enactment of the PLUS Loan Accessibility Act and ending on the date on which the Secretary implements the final rules on the proposed rules developed by the negotiated rulemaking committee established pursuant to the announcement of intent to establish a negotiated rulemaking committee published by the Department on May 1, 2012 (77 Fed. Reg. 25658 et seq.) .