S.2847 - Emergency Student Loan Market Liquidity Act

A bill to amend the Federal Home Loan Bank Act to allow Federal home loan banks to invest surplus funds in student loan securities and make advances for student loan financing, and for other purposes. view all titles (2)

All Bill Titles

  • Official: A bill to amend the Federal Home Loan Bank Act to allow Federal home loan banks to invest surplus funds in student loan securities and make advances for student loan financing, and for other purposes. as introduced.
  • Short: Emergency Student Loan Market Liquidity Act as introduced.

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Introduced
 
Senate
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House
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President
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04/09/08
 
 
 
 
 
 
 

Official Summary

4/10/2008--Introduced.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 se

Official Summary

4/10/2008--Introduced.
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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Recent Blog Coverage

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12/08/09
S.2847: Commercial Advertisement Loudness Mitigation Act - U.S. ...

Eshoo's House version of the bill passed the House a year ago but wasn't taken up in the Senate; S. 2847, introduced by U.S. Sen. Sheldon Whitehouse, D-R.I., contained Eshoo's language and advanced this year. The Se. Source: Political Blotter .

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06/16/08
emergency loan Emergency Loans at CitiFinancial. Get unexpected ...

TheEmergency Student Loan Market Liquidity Act (S. 2847) appears to be similar to a bill introduced in the House earlier last week by Congressman Paul E.. USDA's Farm Service Agency (FSA) provides emergency loans to help producers ...

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04/30/08
OpenCongress - U.S. Congress - H.R.5914 Student Loan Access Act of ...

Richard Burr [R, NC] [1]; Rep. Sue Myrick [R, NC-9] [1]. S.2753 Credit Card Reform Act of 2008 [1]; H.R.5715 Ensuring Continued Access to Student Loan... [1]; S.2847 Emergency Student Loan Market Liquidity A... [1] ...

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