United States · Bill · S
S. 2847 (110th)
Emergency Student Loan Market Liquidity Act
Introduced
10 April 2008
Last action
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Status
Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
Sponsors
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Subjects
Discovery layer
Source updated
14 August 2025
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.
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Documents
3 official files
Introduced in Senate (text)
Introduced in Senate · EN · 10 April 2008
Introduced in Senate (PDF)
Introduced in Senate · EN · 10 April 2008
Introduced in Senate
summary · EN · 10 April 2008
Sponsors
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Sources
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- Official source: https://www.congress.gov/bill/110th-congress/senate-bill/2847
- Open data entity: https://api.congress.gov/v3/bill/110/s/2847