Emergency Student Loan Market Liquidity Act

Summary

Emergency Student Loan Market Liquidity Act - Amends the Federal Home Loan Bank Act to allow federal home loan banks to: (1) invest surplus funds in student loan securities; (2) accept student loans and student loan-related securities as collateral; and (3) provide secured long-term advances to member banks so that they can finance the origination of student loans or purchase or finance student loan-related securities. Limits the application of this Act to Federal Family Education Loans (FFELs) made under the Higher Education Act of 1965. Makes the banks' authority effective for investments and advances made between February 1, 2008, and two years after this Act's enactment.

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

Timeline

1. 8 April 2008

   Introduced

   Referred to the House Committee on Financial Services.

   Source: IntroReferral

2. 8 April 2008

   Introduced

   Introduced in House

   Source: IntroReferral

3. 8 April 2008

   Introduced

   Introduced in House

   Source: IntroReferral

Votes

No vote records are attached yet.

Versions

• Introduced in House · 8 April 2008 · Official file

Documents

3 official files

• Introduced in House (text)

  Introduced in House · EN · 8 April 2008

  ViewDownloadOpen at official source

• Introduced in House (PDF)

  Introduced in House · EN · 8 April 2008

  ViewDownloadOpen at official source

• Introduced in House

  summary · EN · 8 April 2008

  Open at official source

Sponsors

• Rep. Kanjorski, Paul E. [D-PA-11] · D · Sponsor
• Rep. Sestak, Joe [D-PA-7] · D · Cosponsor
• Rep. Hinojosa, Ruben [D-TX-15] · D · Cosponsor
• Rep. Gordon, Bart [D-TN-6] · D · Cosponsor
• WILLIAM THORNBERRY · R · Cosponsor
• Rep. Green, Al [D-TX-9] · D · Cosponsor
• Rep. Edwards, Chet [D-TX-17] · D · Cosponsor
• Rep. Neugebauer, Randy [R-TX-19] · R · Cosponsor
• Rep. Boustany, Charles W., Jr. [R-LA-3] · R · Cosponsor
• Rep. Shays, Christopher [R-CT-4] · R · Cosponsor
• Rep. Ramstad, Jim [R-MN-3] · R · Cosponsor
• Rep. McKeon, Howard P. "Buck" [R-CA-25] · R · Cosponsor
• Rep. Hodes, Paul W. [D-NH-2] · D · Cosponsor
• Rep. Altmire, Jason [D-PA-4] · D · Cosponsor
• Rep. Emerson, Jo Ann [R-MO-8] · R · Cosponsor
• Rep. Ross, Mike [D-AR-4] · D · Cosponsor
• Rep. Carnahan, Russ [D-MO-3] · D · Cosponsor
• · hsba00 · Standing

Related records

• related to ← Emergency Student Loan Market Liquidity Act