HR 4628 · 112th Congress · Education

Interest Rate Reduction Act

Introduced 2012-04-25· Sponsored by Rep. Biggert, Judy [R-IL-13]· House

Bill Progress

1
Introduced
✓
Committee
✓
House Vote
4
Senate
5
Enacted
Latest: Read the second time. Placed on Senate Legislative Calendar under General Orders. Calendar No. 393.(2012-05-08)

Recorded Votes

PassedHouse · 2012-04-27
Roll #195 ↗
Yea 215Nay 195
Democrats
0 Yea·0 Nay
Republicans
0 Yea·0 Nay
PassedHouse · 2012-04-27
Roll #195 ↗
Yea 215Nay 195
Democrats
0 Yea·0 Nay
Republicans
0 Yea·0 Nay
FailedHouse · 2012-04-27
Roll #194 ↗
Yea 178Nay 231
Democrats
0 Yea·0 Nay
Republicans
0 Yea·0 Nay

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Plain Language Summary

[AI summary unavailable — showing source text] 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.…

Summarized by Claude AI · Non-partisan · For informational purposes only

CBO Cost Estimate

Congressional Budget Office

H.R. 4628, Interest Rate Reduction Act

Apr 26, 2012

As Introduced on April 25, 2012

Full CBO report ↗

Official non-partisan budget analysis by the Congressional Budget Office