HR 2311 · 105th Congress · Education
Kid's Bank Act
Bill Progress
✓
Introduced2
Committee3
House Vote4
Senate5
EnactedLatest: Referred to the House Committee on Education and the Workforce.(1997-07-30)
Plain Language Summary
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Kid's Bank Act - Amends the Higher Education Act of 1965 (HEA) to include under the definition of an eligible lender a bank that: (1) is a wholly owned subsidiary of a tax-exempt charitable nonprofit foundation; (2) makes HEA student loans only to undergraduate students who are age 22 or younger; and (3) has a portfolio of such loans that is not more than $10 million.…
Summarized by Claude AI · Non-partisan · For informational purposes only
Cosponsors (6)
2 Democrats4 Republicans