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United States · Bill · HR

H.R. 1720 (104th)

Government-Sponsored Enterprise Privatization Act of 1996

openUnited States· United States Congress· EN

Introduced

25 May 1995

Last action

—

Status

Received in the Senate.

Sponsors

—

Subjects

Discovery layer

Source updated

21 July 2025

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Summary

TABLE OF CONTENTS: Title I: Student Loan Marketing Association Title II: College Construction Loan Insurance Association Title III: General Provisions Relating to Student Assistance Programs Title IV: Repealers and Other Amendments Privatization Act of 1995 - Title I: Student Loan Marketing Association - Amends the Higher Education Act of 1965 (HEA) to provide for the reorganization of the Student Loan Marketing Association (Sallie Mae) through the formation of a holding company and the cessation of Federal sponsorship. Title II: College Construction Loan Insurance Association - Amends HEA to provide for the privatization and renaming of the College Construction Loan Insurance Association, and the cessation of Federal sponsorship. Title III: General Provisions Relating to Student Assistance Programs - Amends HEA to revise the definition of proprietary institution of higher education to require, for purposes of student aid program eligibility, that such an institution have at least 15 percent of its total institutional revenues from all sources, including contract training and revenue, that are not derived from HEA student aid funds, as certified by the institution's independent auditor using generally acceptable accounting practices. Title IV: Repealers and Other Amendments - Repeals: (1) various provisions under HEA, including ones relating to articulation agreements, access and equity to education through telecommunications, academic libraries and information services, national early intervention scholarships, presidential access scholarships, model program community partnerships and counseling grants, database and information line on student financial assistance, technical assistance for teachers and counselors, State student incentive grants, special programs for students whose families are engaged in migrant and seasonal farmwork, special child care services for disadvantaged college students, loan forgiveness for teachers and nurses and individuals performing national community service, training in financial aid services, State postsecondary review entity programs, State and local programs for teacher excellence, national teacher academies, Douglas teacher scholarships, the Teacher Corps, class size demonstration grants, middle school teaching demonstration programs, new teaching careers, national mini corps programs, demonstration grants for critical language and area studies, foreign languages and cultures instructional materials development, small State teaching initiatives, faculty development grants, early childhood staff training and professional enhancement, intensive summer language institutes, foreign language periodicals, academic and library facilities, cooperative education programs, women and minority participation in graduate education, Harris fellowships, Javits fellowships, faculty development fellowships, legal training for the disadvantaged, law school clinical programs, special projects in areas of national need, science and engineering access programs, women and minorities science and engineering outreach demonstration programs, Eisenhower leadership programs, and community service programs; (2) provisions of the Education Amendments of 1986 relating to a National Academy of Science study and to American Indian, Alaska Native, and Native Hawaiian culture and art development; and (3) provisions of the Education Amendments of 1992 relating to American Indian postsecondary economic development scholarships, American Indian teacher training, a national survey of factors associated with participation, a study of environmental hazards in higher education institutions, a national job bank for teacher recruitment, a national clearinghouse for postsecondary education materials, school-based decisionmakers, sexual offenses education, Olympic scholarships, and advanced placement fee payment programs.

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11 official files

Received in Senate (text)

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