H.R.4628 - Interest Rate Reduction Act

To extend student loan interest rates for undergraduate Federal Direct Stafford Loans. view all titles (2)

All Bill Titles

  • Short: Interest Rate Reduction Act as introduced.
  • Official: To extend student loan interest rates for undergraduate Federal Direct Stafford Loans. as introduced.

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Introduced
 
House
Passed
 
Senate
Passes
 
President
Signs
 

 
04/25/12
 
04/27/12
 
 
 
 
 

 

Latest Vote

Result: Passed - April 27, 2012

Roll call number 195 in the House

Question: On Passage: H R 4628 To extend student loan interest rates for undergraduate Federal Direct Stafford Loans

 

Official Summary

Interest Rate Reduction Act - Amends title IV (Student Assistance) of the Higher Education Act of 1965 to make the 3.4% interest rate on Direct Stafford loans first disbursed to undergraduate students between July 1, 2011, and July 1, 2012, applicable to Direct Stafford loans first disburse

Official Summary

Interest Rate Reduction Act - Amends title IV (Student Assistance) of the Higher Education Act of 1965 to make the 3.4% interest rate on Direct Stafford loans first disbursed to undergraduate students between July 1, 2011, and July 1, 2012, applicable to Direct Stafford loans first disbursed to undergraduate students between July 1, 2011, and July 1, 2013. Amends the Patient Protection and Affordable Care Act to repeal provisions establishing and appropriating funds to the Prevention and Public Health Fund (a Fund to provide for expanded and sustained national investment in prevention and public health programs to improve health and help restrain the rate of growth in private and public sector health care costs). Rescinds any unobligated balances appropriated to such Fund.

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Organizations Supporting H.R.4628

  • Christian Coalition of America

Organizations Opposing H.R.4628

  • American Federation of Teachers
  • Club for Growth
  • Public Interest Research Group
  • National Partnership for Women & Families
  • Heritage Action for America
  • American Federation of State, County and Municipal Employees
  • ...and 3 more. See all.


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