A bill to extend the authority of the Secretary of Education to purchase guaranteed student loans for an additional year, and for other purposes.

Summary

Amends the Higher Education Act of 1965 to extend by one year, from July 2010 to July 2011, the Secretary of Education's authority to purchase or enter into forward commitments to purchase: (1) Federal Family Education Loans (FFELs) from lenders, upon the determination that there is an inadequate availability of loan capital to meet the demand for such loans; and (2) rehabilitated loans that eligible lenders purchased under the FFEL default reduction program. Extends by one year, from June 30, 2010 to June 30, 2011, the authority of institutions of higher education (IHEs), with the Secretary's approval, to participate in the FFEL lender-of-last-resort program for borrowers otherwise unable to obtain such loans (thereby requiring guaranty agencies serving as lenders-of-last-resort to make FFELs to student and parent borrowers of such IHEs, until such date, regardless of their ability to otherwise obtain such loans).

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

Timeline

1. 18 November 2009

   Introduced

   Read twice and referred to the Committee on Health, Education, Labor, and Pensions. (text of measure as introduced: CR S11496)

   Source: IntroReferral

2. 18 November 2009

   Introduced

   Sponsor introductory remarks on measure. (CR S11495-11496)

   Source: IntroReferral

3. 18 November 2009

   Introduced

   Introduced in Senate

   Source: IntroReferral

Votes

No vote records are attached yet.

Versions

• Introduced in Senate · 18 November 2009 · Download file

Documents

3 official files

• Introduced in Senate (text)

  Introduced in Senate · EN · 18 November 2009

  ViewDownloadOpen at official source

• Introduced in Senate (PDF)

  Introduced in Senate · EN · 18 November 2009

  ViewDownloadOpen at official source

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• Introduced in Senate

  summary · EN · 18 November 2009

  Open at official source

  Leesvertaling

  Vertaal dit document naar jouw taal. PoliticalRepo bewaart geen aparte kopie per EU-taal.

  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

  Documentvertaling op verzoek met downloadbare PDF (logo + link naar de officiële bron). Het bronbestand blijft leidend.

Sponsors

• Sen. Enzi, Michael B. [R-WY] · R · Sponsor
• Sen. Nelson, Ben [D-NE] · D · Sponsor
• Sen. Alexander, Lamar [R-TN] · R · Sponsor
• Sen. Burr, Richard [R-NC] · R · Sponsor
• Sen. Coburn, Tom [R-OK] · R · Sponsor
• Sen. Gregg, Judd [R-NH] · R · Sponsor
• Sen. Hatch, Orrin G. [R-UT] · R · Sponsor
• Sen. Isakson, Johnny [R-GA] · R · Sponsor
• Sen. McCain, John [R-AZ] · R · Sponsor
• Sen. Murkowski, Lisa [R-AK] · R · Sponsor
• Sen. Roberts, Pat [R-KS] · R · Sponsor
• Sen. Hutchison, Kay Bailey [R-TX] · R · Cosponsor
• Sen. Graham, Lindsey [R-SC] · R · Cosponsor
• Sen. Ensign, John [R-NV] · R · Cosponsor
• Sen. Johanns, Mike [R-NE] · R · Cosponsor
• Sen. Wicker, Roger F. [R-MS] · R · Cosponsor
• Sen. Barrasso, John [R-WY] · R · Cosponsor
• Sen. Lincoln, Blanche L. [D-AR] · D · Cosponsor
• Sen. Bennett, Robert F. [R-UT] · R · Cosponsor
• Sen. Thune, John [R-SD] · R · Cosponsor
• Sen. Bond, Christopher S. [R-MO] · R · Cosponsor
• · sshr00 · Standing

Related records

• related to → To extend the authority of the Secretary of Education to purchase guaranteed student loans for an additional year, and for other purposes.