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United States · Bill · HR

H.R. 1979 (113th)

Bank on Students Loan Fairness Act

referredUnited States· United States Congress· EN

Introduced

14 May 2013

Last action

8 July 2013 · Referred

Status

Referred to the Subcommittee on Higher Education and Workforce Training.

Sponsors

Rep. Tierney, John F. [D-MA-6], Rep. Blumenauer, Earl [D-OR-3], Rep. Cummings, Elijah E. [D-MD-7], Rep. Holt, Rush [D-NJ-12], Rep. Lee, Barbara [D-CA-12], Rep. Waters, Maxine [D-CA-43], Rep. Yarmuth, John A. [D-KY-3], Rep. Cicilline, David N. [D-RI-1], Rep. Lowey, Nita M. [D-NY-17], Rep. Conyers, John, Jr. [D-MI-13], Rep. Grayson, Alan [D-FL-9], Rep. Grijalva, Raúl M. [D-AZ-7], Rep. DeFazio, Peter A. [D-OR-4], Rep. Kennedy, Joseph P., III [D-MA-4], Rep. DeGette, Diana [D-CO-1], Rep. Ellison, Keith [D-MN-5], Sen. Markey, Edward J. [D-MA], Rep. Shea-Porter, Carol [D-NH-1], Rep. Garamendi, John [D-CA-8], Rep. Waxman, Henry A. [D-CA-33], Rep. McDermott, Jim [D-WA-7], Rep. Kind, Ron [D-WI-3], Rep. Clark, Katherine M. [D-MA-5], David Scott, Rep. Schwartz, Allyson Y. [D-PA-13], Rep. Kuster, Ann M. [D-NH-2]

Subjects

Education

Source updated

23 March 2026

Education

Official sourceDownload fileView documentsShare

Summary

Bank on Students Loan Fairness Act - Amends title IV (Student Assistance) of the Higher Education Act of 1965 to direct the Board of Governors of the Federal Reserve System to provide the Secretary of Education, from the combined earnings of the Federal Reserve System, with the amount the Secretary determines to be reasonably necessary to award Direct Stafford Loans during the award year beginning July 1, 2013, to all eligible students attending participating institutions of higher education selected by the Secretary. Prohibits appropriated funds from being used for Direct Stafford Loans made during that period. Sets the interest rate on Direct Stafford Loans first disbursed on or after July 1, 2013, and before July 1, 2014, at the primary credit rate charged by the Federal Reserve banks on July 1, 2013.

This text is taken from the official record. PoliticalRepo does not editorialize.

Timeline

  1. 14 May 2013

    Introduced

    Referred to the House Committee on Education and the Workforce.

    Source: IntroReferral

  2. 14 May 2013

    Introduced

    Introduced in House

    Source: IntroReferral

  3. 14 May 2013

    Introduced

    Introduced in House

    Source: IntroReferral

  4. 8 July 2013

    Referred

    Referred to the Subcommittee on Higher Education and Workforce Training.

    Source: Committee

Votes

No vote records are attached yet.

Versions

Documents

3 official files

Introduced in House (text)

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  • Introduced in House (text)

    Introduced in House · EN · 14 May 2013

    ViewDownloadOpen at official source

  • Introduced in House (PDF)

    Introduced in House · EN · 14 May 2013

    ViewDownloadOpen at official source

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  • Introduced in House

    summary · EN · 14 May 2013

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Sponsors

Related records

Sources

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