/  H.R. 1911—Smarter Solutions for Students Act

H.R. 1911 - Smarter Solutions for Students Act

Bill Text

  • Text of H.R. 1911 PDF XML

    Smarter Solutions for Students Act (as introduced) 

  • Rules Committee Print 113-12 PDF XML

    Showing the text of H.R. 1911 as ordered reported by the Committee on Education and the Workforce 

Rule Information

COMMITTEE ACTION:
REPORTED BY VOICE VOTE on Wednesday, May 22, 2013.

FLOOR ACTION ON H. RES. 232: 
ADOPTED by record vote of 224-193, after agreeing to the previosu question by record vote of 224-195, on Thursday, May 23, 2013.  

MANAGERS: Foxx/Slaughter

1. Closed rule.

2. Provides one hour of debate equally divided and controlled by the chair and ranking minority member of the Committee on Education and the Workforce.

3. Waives all points of order against consideration of the bill.

4. Provides that an amendment in the nature of a substitute consisting of the text of Rules Committee Print 113-12 shall be considered as adopted.

5. Provides that the bill, as amended, shall be considered as read.

6. Waives all points of order against provisions in the bill.

7. Provides one motion to recommit with or without instructions.

8. Section 2 directs the Clerk to, in the engrossment of H.R. 1911, add the text of H.R. 1949 as passed by the House as a new matter at the end of H.R. 1911 and make conforming modifications in the engrossment.

9. Section 3 provides that on any legislative day during the period from May 24, 2013, through May 31, 2013: the Journal of the proceedings of the previous day shall be considered as approved; and the Chair may at any time declare the House adjourned to meet at a date and time to be announced by the Chair in declaring the adjournment.

10. Section 4 provides that the Speaker may appoint Members to perform the duties of the Chair for the duration of the period addressed by section 3 of the resolution.

11. Section 5 provides that the Committee on Appropriations may, at any time before 6 p.m. on Wednesday, May 29, 2013, file privileged reports to accompany measures making appropriations for the fiscal year ending September 30, 2013.

12. Section 6 provides that the Committee on Agriculture may, at any time before 6 p.m. on Wednesday, May 29, 2013, file a report to accompany H.R. 1947.

Amendments

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#Version #Sponsor(s)PartySummaryStatus
1Version 1Bera, (CA)DemocratFreezes the interest rate of the student loan at the time the loan is issued until the loan is paid off. Instead of a variable interest rate on student loans, the interest rate is fixed.Submitted
6Version 1Courtney (CT), Miller, George (CA), Tierney (MA), Peters (MI), Welch (VT), Kuster, Ann (NH), Duckworth (IL), Titus (NV), Sinema, Kyrsten (AZ), Horsford (NV)DemocratExtends the current 3.4% interest rate on subsidized Stafford student loans for a period of two years. Submitted
5Version 2Davis, Susan (CA)DemocratRevised Would add a section of Congressional findings to the bill with projections of student loan interest rates.Submitted
4Version 1DelBene (WA)DemocratLowers the underlying bill’s cap on Stafford rates to 6.8 percent and the cap on PLUS rates to 7.9 percent.Submitted
9Version 1Edwards (MD)DemocratReduces the cap on Stafford loans to 6.8 percent and PLUS loans to 7.9 percent in the underlying bill. Submitted
10Version 1Edwards (MD)DemocratReduces the Stafford loan cap in the underlying bill to 3.4 percent for students pursuing a degree in the fields of science, technology, engineering, or mathematics.Submitted
8Version 1Grayson (FL)DemocratPermanently extends the current 3.4% interest rate cap for Federal Direct Stafford Loans. Also extends those rates to Federal Direct Unsubsidized Stafford Loans. Permanently extends the current 7.9% interest rate cap for PLUS Loans. Submitted
2Version 1Heck (NV)RepublicanAuthorizes the Secretary of Education to provide a student loan repayment incentive in the form of a .25% interest rate reduction if the student makes 48 months of on-time student loan payments. Cost of amendment is paid for by using a portion of the savings achieved in the underlying bill. Submitted
13Version 1Jackson Lee (TX)DemocratCaps the student loan interest rate at 4 percent.Submitted
14Version 1Jackson Lee (TX)DemocratDirects the Secretary of Education to submit a report to Congress on the feasibility of offering student loan forgiveness to those who start businesses in economically depressed areas such as HUBZones. Submitted
16Version 1Johnson, Eddie Bernice (TX)DemocratExpands the Pay As You Earn program to make it available to both past and present borrowers of Direct Loans, graduate PLUS loans, and most Direct Consolidation loans. The monthly payment would be brought down to 10 percent of discretionary income, and the loan forgiven after 20 years of qualified payments.Submitted
15Version 1Maffei (NY)DemocratReinstates the current cap on Federal Direct Consolidation Loans, ensuring that no students would be forced to pay a higher interest rate on these loans then they are currently required by law. Current law caps loans at 8.25 percent. Submitted
11Version 1Miller, George (CA)DemocratImplements President Obama’s revenue neutral student loan proposal. The amendment sets fixed variable interest rates to save students $30 billion in the next six years while expanding Income Based Repayment to support struggling borrowers. Submitted
18Version 1Negrete McLeod, Gloria (CA)DemocratLate Restores and extends the start of the repayment period for certain Federal Direct Stafford Loans from 6-months to 12-months. This amendment would use any reduction of the Federal expenditures in an award year to fully offset any increase in Federal expenditures. Submitted
12Version 2Rice, Tom (SC)RepublicanRevised My amendment requires the rate for Stafford Loans to be determined by the 10-year Treasury Note plus 1.5% rather than 2.5%. Similarly for PLUS loans, my amendment ties the rate to the 10-year Treasury Note plus 3.5% rather than 4.5%.Submitted
3Version 1Runyan (NJ)RepublicanAmends the Truth in Lending Act and Higher Education Act of 1965 by requiring private and federal student loan companies to provide additional disclosures and protections for students and cosigners to fully understand their financial commitments upon signing the loan. These disclosures would serve to inform the student and/or cosigners in the event of death or a catastrophic and life threatening disability to the loan recipient. Submitted
7Version 1Runyan (NJ)RepublicanDirects the Secretary of Education to study the causes for the rapidly rising cost of higher education in the US and report back to Congress within twelve months of enactment of this act on his findings. This study shall specifically explain why the cost of tuition at colleges and universities has risen far faster than inflation over the last several decades. Submitted
17Version 1Sinema, Kyrsten (AZ)DemocratRe-instates former law that allows deferment of Federal Direct Stafford Loan student loan payments by the student for six months for loans that are disbursed on or after July 1, 2013Submitted