H.R. 5914 · 110th Congress
Student Loan Access Act of 2008
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Never voted on. It didn't reach a floor vote before the 110th Congress ended, so it expired. A bill has to be introduced again to be considered in a new Congress.
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KanjorskiSponsor18 cosponsors · 12 D, 6 R
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Hinojosa
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Lee
SO
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Ortiz
JS
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Sestak
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McKeon
CE
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Edwards
MT
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Thornberry
HC
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Cuellar
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Neugebauer
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Green
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Hodes
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Latham
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Altmire
CS
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Shays
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Boswell
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Ann Emerson
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Ross
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Carnahan0 signed on when it was introduced; the rest joined later. Cosponsors who withdrew aren't shown.
Student Loan Access Act of 2008 - Authorizes the Federal Financing Bank, until July 1, 2009, to: (1) purchase guaranteed loans originated under the Federal Family Education Loan (FFEL) program of the Higher Education Act of 1965, or participation interests in such loans; (2) advance funds to eligible lenders for the purpose of originating or purchasing…
What it does: CRS summary · Introduced in House · Apr 29, 2008
Student Loan Access Act of 2008 - Authorizes the Federal Financing Bank, until July 1, 2009, to: (1) purchase guaranteed loans originated under the Federal Family Education Loan (FFEL) program of the Higher Education Act of 1965, or participation interests in such loans; (2) advance funds to eligible lenders for the purpose of originating or purchasing FFELs; and (3) invest in securities collateralized with FFELs.
Prohibits such FFEL purchases from resulting in any net cost to the federal government.
Permits the Secretary of the Treasury to extend the Bank's authority to take such actions beyond July 1, 2009, if economic conditions threaten timely, uninterrupted access to student loans.
Written by the nonpartisan Congressional Research Service. All summary versions on Congress.gov
About this bill and sources
Official title: Student Loan Access Act of 2008
Latest action (Apr 29, 2008): Referred to the House Committee on Financial Services.
Policy area: Education · Origin: House · Introduced: Apr 29, 2008
Official page on Congress.gov · Bill text (GovInfo) · Status record (XML)
No recorded floor vote found.