To make technical corrections in the Ensuring Continued Access to Student Loans Act of 2008.

Summary

Amends the Higher Education Act of 1965 to make technical corrections to the Ensuring Continued Access to Student Loans Act of 2008. Clarifies the Secretary of Education's authority to purchase, or enter into and fund forward commitments to purchase, until July 2010, Federal Family Education Loans (FFELs) from lenders when there is an inadequate availability of loan capital to meet the demand for such loans. Includes, within such purchase authority, FFELs that qualify for loan rehabilitation under the Default Reduction program. Conditions the Secretary's purchase or forward commitment to purchase FFELs on lender agreement to originate or purchase new FFELs. (Currently, they are required to use the funds from such purchases to engage in such activities.) Requires the Secretary to contract with the current servicers of FFELs the Secretary is purchasing for the continued servicing of such loans, provided certain conditions are met. (Currently, the Secretary is authorized to enter into servicing agreements with willing lenders whose loans are being purchased.)

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Timeline

1. 25 September 2008

   Introduced

   Referred to the House Committee on Education and Labor.

   Source: IntroReferral

2. 25 September 2008

   Introduced

   Introduced in House

   Source: IntroReferral

3. 25 September 2008

   Introduced

   Introduced in House

   Source: IntroReferral

Votes

No vote records are attached yet.

Versions

• Introduced in House · 25 September 2008 · Download file

Documents

3 official files

• Introduced in House (text)

  Introduced in House · EN · 25 September 2008

  ViewDownloadOpen at official source

• Introduced in House (PDF)

  Introduced in House · EN · 25 September 2008

  ViewDownloadOpen at official source

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• Introduced in House

  summary · EN · 25 September 2008

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  Vertaal naarNL · DutchDE · GermanFR · FrenchES · SpanishIT · ItalianPL · PolishPT · PortugueseSV · SwedishDA · DanishFI · FinnishEL · GreekCS · CzechHU · HungarianRO · RomanianBG · BulgarianHR · CroatianSK · SlovakSL · SlovenianLT · LithuanianLV · LatvianET · EstonianGA · IrishMT · Maltese

  Vertaal document

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Sponsors

• Rep. McKeon, Howard P. "Buck" [R-CA-25] · R · Sponsor
• Rep. Keller, Ric [R-FL-8] · R · Sponsor
• Rep. Hoekstra, Peter [R-MI-2] · R · Sponsor
• Rep. Platts, Todd Russell [R-PA-19] · R · Sponsor
• Rep. Wilson, Joe [R-SC-2] · R · Sponsor
• Rep. Kline, John [R-MN-2] · R · Sponsor
• Rep. Marchant, Kenny [R-TX-24] · R · Sponsor
• Rescom. Fortuno, Luis G. [R-PR-At Large] · R · Sponsor
• Rep. Boustany, Charles W., Jr. [R-LA-3] · R · Sponsor
• Rep. Bishop, Rob [R-UT-1] · R · Sponsor
• Rep. Davis, David [R-TN-1] · R · Sponsor
• Rep. Biggert, Judy [R-IL-13] · R · Sponsor
• · hsed00 · Standing

Related records

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