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H.R. 5150 · 109th Congress

Reverse the Raid on Student Aid Act of 2006

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Never voted on. It didn't reach a floor vote before the 109th Congress ended, so it expired. A bill has to be introduced again to be considered in a new Congress.

GMD MillerSponsor
69 cosponsors · 68 D, 1 I
TBD Bishop RGD Grijalva DKD Kildee BMD McCollum JTD Tierney TRD Ryan BSD Scott FPD Pallone RED Emanuel NRD Rahall CVD Van Hollen BFD Frank SDD Davis MOD Owens RWD Wexler ECD Cleaver RDD DeLauro RHD Hinojosa MHD Honda CMD Maloney KMD Meek NPD Pelosi BCD Cardin JCD Conyers DDD Davis SFD Farr CPD Peterson LCD Capps JMD McDermott DMD Matsui LWD Woolsey SBD Brown JBD Baca PDD DeFazio AED Eshoo JND Nadler SRD Reyes ECD Cummings AGD Green MKD Kaptur SLD Levin DPD Price BCD Chandler ZLD Lofgren HSD Solis TAD Allen NAD Abercrombie LRD Roybal-Allard RHD Holt DWD Wasserman Schultz EBD Blumenauer MCD Capuano MDD Doyle DHD Hooley ASD Schwartz NLD Lowey JMD McGovern TLD Lantos BLD Lee MBD Berry CGD Gonzalez BSI Sanders AWD Weiner HWD Waxman JCD Costello GAD Ackerman JSD Salazar RKD Kind RCD Carnahan

5 signed on when it was introduced; the rest joined later. Cosponsors who withdrew aren't shown.

Reverse the Raid on Student Aid Act of 2006 - Amends the Higher Education Act of 1965 to cut student loan interest rates to 3.4% for student borrowers and 4.25% for parent borrowers under the Federal Family Education Loan (FFEL) and William D. Ford Direct Loan programs for loans whose first disbursement is made on or after July 1, 2006.

What it does: CRS summary · Introduced in House · Apr 6, 2006

Reverse the Raid on Student Aid Act of 2006 - Amends the Higher Education Act of 1965 to cut student loan interest rates to 3.4% for student borrowers and 4.25% for parent borrowers under the Federal Family Education Loan (FFEL) and William D. Ford Direct Loan programs for loans whose first disbursement is made on or after July 1, 2006. Maintains the current 6.8% interest rate, however, for unsubsidized Stafford loans for middle-income borrowers under such programs.

Written by the nonpartisan Congressional Research Service. All summary versions on Congress.gov

About this bill and sources

Official title: Reverse the Raid on Student Aid Act of 2006

Latest action (May 24, 2006): Referred to the Subcommittee on 21st Century Competitiveness.

Policy area: Education · Origin: House · Introduced: Apr 6, 2006

Official page on Congress.gov · Bill text (GovInfo) · Status record (XML)

No recorded floor vote found.