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United States · Bill · S

S. 953 (113th)

Student Loan Affordability Act

openUnited States· United States Congress· EN

Introduced

14 May 2013

Last action

6 June 2013 · Vote

Status

Cloture on the motion to proceed to measure not invoked in Senate by Yea-Nay Vote. 51 - 46. Record Vote Number: 143. (consideration: CR S3977-3978)

Sponsors

Sen. Reed, Jack [D-RI], Sen. Harkin, Tom [D-IA], Sen. Reid, Harry [D-NV], Sen. Murray, Patty [D-WA], Sen. Rockefeller, John D., IV [D-WV], Sen. Baldwin, Tammy [D-WI], Sen. Schumer, Charles E. [D-NY], Sen. Franken, Al [D-MN], Sen. Brown, Sherrod [D-OH], Sen. Murphy, Christopher [D-CT], Sen. Durbin, Richard J. [D-IL], Sen. Gillibrand, Kirsten E. [D-NY], Sen. Stabenow, Debbie [D-MI], Sen. Lautenberg, Frank R. [D-NJ], Sen. Whitehouse, Sheldon [D-RI], Sen. Kaine, Tim [D-VA], Sen. Warren, Elizabeth [D-MA], Sen. Johnson, Tim [D-SD], Sen. Klobuchar, Amy [D-MN], Sen. Udall, Tom [D-NM], Sen. McCaskill, Claire [D-MO], Sen. Schatz, Brian [D-HI], Sen. Merkley, Jeff [D-OR], Sen. Blumenthal, Richard [D-CT], Sen. Heinrich, Martin [D-NM], Sen. Mikulski, Barbara A. [D-MD], Sen. Wyden, Ron [D-OR], Sen. Levin, Carl [D-MI], Sen. Sanders, Bernard [I-VT]

Subjects

Taxation, Education

Source updated

12 August 2025

Taxation · Education

Official sourceDownload fileView documentsShare

Summary

Student Loan Affordability Act - Amends the Higher Education Act of 1965 to extend until June 30, 2015, existing interest rates for loans made to undergraduate students under the Federal Direct Stafford Loan program. Amends the Internal Revenue Code to modify rules for required distributions from tax-exempt pension plans to an employee who dies before such employee's entire interest is distributed to require such interest to be distributed within five years after the death of such employee, subject to exceptions for an eligible designated beneficiary and surviving spouse of such employee. Defines "eligible designated beneficiary" to include a disabled or chronically-ill individual. Exempts from such modification a binding annuity contract in effect on the enactment date of this Act. Amends the Internal Revenue Code to: (1) limit the deductibility of interest payments made by a corporation which is an expatriated entity to a related person; (2) expand the definition of "crude oil" for purposes of the excise tax on petroleum to include crude oil condensates, natural gasoline, any bitumen or bituminous mixture, and any oil derived from a bitumen or bituminous mixture; (3) eliminate the requirement that such crude oil be produced in a well located in the United States; and (4) make permanent the Oil Spill Liability Trust Fund financing rate. Exempts the budgetary effects of this Act from the requirements of specified PAYGO scorecards.

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

Timeline

  1. 14 May 2013

    Introduced

    Introduced in the Senate. Read the first time. Placed on Senate Legislative Calendar under Read the First Time.

    Source: Calendars

  2. 14 May 2013

    Introduced

    Introduced in Senate

    Source: IntroReferral

  3. 15 May 2013

    Calendars

    Read the second time. Placed on Senate Legislative Calendar under General Orders. Calendar No. 74.

    Source: Calendars

  4. 4 June 2013

    Floor

    Motion to proceed to consideration of measure, by unanimous consent, made in Senate. (consideration: CR S3949)

    Source: Floor

  5. 6 June 2013

    Vote

    Cloture on the motion to proceed to measure not invoked in Senate by Yea-Nay Vote. 51 - 46. Record Vote Number: 143. (consideration: CR S3977-3978)

    Source: Floor

Votes

6 June 2013 · Cloture Motion Rejected · On the Cloture Motion S. 953 · Cloture Motion Rejected · Official source

Yes 51 · No 46 · Abstain — · Absent/not voting 2

Showing the first 4 recorded positions. Vote totals above are complete.

Versions

Documents

3 official files

Placed on Calendar Senate (text)

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  • Placed on Calendar Senate (text)

    Placed on Calendar Senate · EN · 15 May 2013

    ViewDownloadOpen at official source

  • Placed on Calendar Senate (PDF)

    Placed on Calendar Senate · EN · 15 May 2013

    ViewDownloadOpen at official source

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  • Introduced in Senate

    summary · EN · 14 May 2013

    Open at official source

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Sponsors

Related records

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Sources

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