United States · Bill · HR
H.R. 4628 (112th)
Interest Rate Reduction Act
Introduced
25 April 2012
Last action
8 May 2012 · Calendars
Status
Read the second time. Placed on Senate Legislative Calendar under General Orders. Calendar No. 393.
Sponsors
Rep. Biggert, Judy [R-IL-13]
Subjects
Healthcare, Education
Source updated
5 December 2025
Summary
Interest Rate Reduction Act - Amends title IV (Student Assistance) of the Higher Education Act of 1965 to make the 3.4% interest rate on Direct Stafford loans first disbursed to undergraduate students between July 1, 2011, and July 1, 2012, applicable to Direct Stafford loans first disbursed to undergraduate students between July 1, 2011, and July 1, 2013. Amends the Patient Protection and Affordable Care Act to repeal provisions establishing and appropriating funds to the Prevention and Public Health Fund (a Fund to provide for expanded and sustained national investment in prevention and public health programs to improve health and help restrain the rate of growth in private and public sector health care costs). Rescinds any unobligated balances appropriated to such Fund.
This text is taken from the official record. PoliticalRepo does not editorialize.
Timeline
25 April 2012
Introduced
Referred to the Committee on Education and the Workforce, and in addition to the Committees on Energy and Commerce, and the Budget, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.
Source: IntroReferral
25 April 2012
Introduced
Introduced in House
Source: IntroReferral
25 April 2012
Introduced
Introduced in House
Source: IntroReferral
26 April 2012
Referred
Referred to the Subcommittee on Health.
Source: Committee
27 April 2012
Floor
Mrs. Capps moved to recommit with instructions to Education and the Workforce and Energy and Commerce. (consideration: CR H2246-2250; text: CR H2246)
Source: Floor
27 April 2012
Passed
Motion to reconsider laid on the table Agreed to without objection.
Source: Floor
27 April 2012
Vote
On passage Passed by recorded vote: 215 - 195 (Roll no. 195). (text: CR H2228)
Source: Floor
27 April 2012
Vote
Passed/agreed to in House: On passage Passed by recorded vote: 215 - 195 (Roll no. 195).(text: CR H2228)
Source: Floor
27 April 2012
Vote
On motion to recommit with instructions Failed by recorded vote: 178 - 231 (Roll no. 194).
Source: Floor
27 April 2012
Floor
The previous question on the motion to recommit with instructions was ordered without objection. (consideration: CR H2250)
Source: Floor
27 April 2012
Floor
Rule provides for consideration of H.R. 3523 with 1 hour of general debate. Motion to recommit with or without instructions allowed. Measure will be considered read. Specified amendments are in order. The rule waives all points of order against consideration of the bill. The rule makes in order as original text for purpose of amendment the amendment in the nature of a substitute consisting of the text of Rules Committee Print 112-20 and provides that it shall be considered as read. The rule waives all points of order against the amendment in the nature of a substitute. The rule makes in order only those amendments printed in the Rules Committee report. The rule further provides that it shall be in order at any time through the legislative day of April 27, 2012, for the Speaker to entertain motions that the House suspend the rules. The rule provides further for a closed rule for consideration of H.R. 4628. The rule provides one hour of general debate and one motion to recommit. Finally, the rule provides that the Committee on Appropriations may, at any time before 6 p.m. on Wednesday, May 2, 2012 recommit. Finally, the rule provides that the Committee on Appropriations may, at any time before 6 p.m. on Wednesday, May 2, 2012 file, privileged reports to accompany measures making appropriations for the fiscal year ending September 30, 2013.
Source: Floor
27 April 2012
Floor
The previous question was ordered pursuant to the rule. (consideration: CR H2246)
Source: Floor
27 April 2012
Floor
Considered under the provisions of rule H. Res. 631. (consideration: CR H2228-2246)
Source: Floor
7 May 2012
Calendars
Received in the Senate. Read the first time. Placed on Senate Legislative Calendar under Read the First Time.
Source: Calendars
8 May 2012
Calendars
Read the second time. Placed on Senate Legislative Calendar under General Orders. Calendar No. 393.
Source: Calendars
Votes
No vote records are attached yet.
Versions
- Placed on Calendar Senate · 8 May 2012 · Download file
- Engrossed in House · 27 April 2012 · Download file
- Introduced in House · 25 April 2012 · Download file
Documents
8 official files
Placed on Calendar Senate (text)
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Placed on Calendar Senate (text)
Placed on Calendar Senate · EN · 8 May 2012
Placed on Calendar Senate (PDF)
Placed on Calendar Senate · EN · 8 May 2012
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Engrossed in House (text)
Engrossed in House · EN · 27 April 2012
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Engrossed in House (PDF)
Engrossed in House · EN · 27 April 2012
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Passed House without amendment
summary · EN · 27 April 2012
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Introduced in House (text)
Introduced in House · EN · 25 April 2012
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Introduced in House (PDF)
Introduced in House · EN · 25 April 2012
ViewDownloadOpen at official source
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Introduced in House
summary · EN · 25 April 2012
Leesvertaling
Vertaal dit document naar jouw taal. PoliticalRepo bewaart geen aparte kopie per EU-taal.
Documentvertaling op verzoek met downloadbare PDF (logo + link naar de officiële bron). Het bronbestand blijft leidend.
Sponsors
- Rep. Biggert, Judy [R-IL-13] · R · Sponsor
- · hsif00 · Standing
- · hsbu00 · Standing
- · hsed00 · Standing
Related records
- related to → To repeal the Prevention and Public Health Fund.
- related to → To amend the Higher Education Act of 1965 to extend the reduced interest rate for Federal Direct Stafford Loans.
- related to → Providing for consideration of the bill (H.R. 3523) to provide for the sharing of certain cyber threat intelligence and cyber threat information between the intelligence community and cyber security entities, and for other purposes; providing for consideration of motions to suspend the rules; providing for consideration of the bill (H.R. 4628) to extend student loan interest rates for undergraduate Federal Direct Stafford Loans; and for other purposes.
- related to ← Stop the Rate Hike Act of 2012
- related to ← Investing in Our Student's Future Act
- related to ← A bill to amend the Higher Education Act of 1965 to extend the reduced interest rate for Federal Direct Stafford Loans.
- related to ← Interest Rate Reduction Act
- related to ← Stop the Student Loan Interest Rate Hike Act of 2012
- related to ← Subsidized Stafford Loan Reduced Interest Rate Extension Act of 2012
Sources
PoliticalRepo is an index and interpretation layer, not the authoritative legal source.
- Official source: https://www.congress.gov/bill/112th-congress/house-bill/4628
- Open data entity: https://api.congress.gov/v3/bill/112/hr/4628
- us · 112-hr-4628 · source updated 5 December 2025