/  H.R. 4984—Empowering Students Through Enhanced Financial Counseling Act

H.R. 4984 - Empowering Students Through Enhanced Financial Counseling Act

Bill Text

  • Rules Committee Print 113-53 PDF XML

    Showing the text of H.R. 4984 as ordered reported by the Committee on Education and the Workforce

  • Text of H.R. 4984 PDF XML

    Empowering Students Through Enhanced Financial Counseling Act (as reported)

  • H. Rept. 113-531 PDF

    Report from the Committee on Education and the Workforce

Rule Information

COMMITTEE ACTION:
REPORTED BY VOICE VOTE on Tuesday, July 22, 2014.

FLOOR ACTION ON H. RES. 677 : 
Agreed to by record vote of 230-185, after agreeing to the previous question by record vote of 224-190, on Wednesday, July 23, 2014. 

MANAGERS: Foxx/Polish

1. Structured rule for H.R. 3136.

2. Provides one hour of general 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. Makes in order as original text for the purpose of amendment an amendment in the nature of a substitute consisting of the text of Rules Committee Print 113-52 and provides that it shall be considered as read.

5. Waives all points of order against that amendment in the nature of a substitute.

6. Makes in order only those further amendments printed in part A of the Rules Committee report. Each such amendment may be offered only in the order printed in the report, may be offered only by a Member designated in the report, shall be considered as read, shall be debatable for the time specified in the report equally divided and controlled by the proponent and an opponent, shall not be subject to amendment, and shall not be subject to a demand for division of the question.

7. Waives all points of order against the amendments printed in part A of the report.

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

9. Structured rule for H.R. 4984.

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

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

12. Makes in order as original text for the purpose of amendment an amendment in the nature of a substitute consisting of the text of Rules Committee Print 113-53 and provides that it shall be considered as read.

13. Waives all points of order against that amendment in the nature of a substitute.

14. Makes in order only those further amendments printed in part B of the Rules Committee report. Each such amendment may be offered only in the order printed in the report, may be offered only by a Member designated in the report, shall be considered as read, shall be debatable for the time specified in the report equally divided and controlled by the proponent and an opponent, shall not be subject to amendment, and shall not be subject to a demand for division of the question.

15. Waives all points of order against the amendments printed in part B of the report.

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

Amendments (click headers to sort)

#Version #Sponsor(s)PartySummaryStatus
2Version 1Cohen (TN)DemocratAdds a requirement that students be told how federal and private student loans are treated in bankruptcy.Made In Order
1Version 1Hahn (CA)DemocratProvides student loan borrowers with the national average cohort default rate in addition to the institution’s cohort default rate and the categorical national cohort default rate. Made In Order
6Version 1Kilmer (WA), Hinojosa (TX), Bachus (AL), Petri (WI), Tsongas (MA)Bi-PartisanEnsures each individual is aware of financial management resources provided by the Treasury Department's Financial Literacy and Education Commission.Made In Order
7Version 1Kline (MN), Miller, George (CA)Bi-PartisanMANAGER’S AMENDMENT Clarifies the information provided to first-time borrowers; a clarification that borrowers must accept their loans annually after the completion of the other counseling requirements; a requirement for the secretary of education, acting through the director of the Institute of Education Sciences, to conduct a longitudinal study of the impact and effectiveness of the student loan counseling required under this act; and other minor technical edits.Made In Order
12Version 1Murphy, Patrick (FL)DemocratLate Requires the inclusion of recent average income and employment data for different levels of educational attainment.Made In Order
10Version 1Pascrell (NJ), Runyan (NJ)Bi-PartisanLate Requires that information be provided to borrowers of a loan made under part D to inform the borrower that the borrower’s estate or any cosigner of a private loan may be obligated to repay the full amount of the loan in the event of the death or disability of the borrower.Submitted
4Version 3Peters (MI)DemocratRevised Requires that student borrowers receive an explanation of the impact of a delinquency or default on a loan to their credit score, including the borrower’s future ability to find employment or purchase a home or a car. Made In Order
5Version 2Peters (MI)DemocratWithdrawn Requires that student borrowers receive a ranking of their outstanding loans by interest rate and information on the potential benefits of repaying the loan with the highest interest rate first. Withdrawn
3Version 1Sanchez, Loretta (CA)DemocratIncludes an explanation that if a student decides to transfer to another institution, not all of the student’s credits may be acceptable towards meeting specific degree or program requirements at such institution, therefore, eligibility for Federal Pell Grants will not reset due to the maximum number of semesters or equivalent. Made In Order
11Version 1Velzquez (NY)DemocratLate Counseling for limited English proficiency borrowers. Submitted
8Version 1Waters (CA)DemocratRequires for-profit or proprietary higher education institutions to disclose to students the consequences of failing to repay short-term private loans they may offer to cover remaining tuition balances after applying federal aid.Submitted
9Version 2Waters (CA)DemocratRevised Requires additional explanation during annual interactive counseling that federal aid may not cover all attendance costs and that students are under no obligation to accept private loans from the institution or any other lender.Submitted