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H.R. 5530 · 114th Congress

HBCU Capital Financing Improvement Act

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IntroducedPassed one chamberPassed both chambersBecame law (gold)Resolution agreed to (full, dark)Failed or vetoed (gray)

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Passed the House without a recorded vote, then expired. It passed by voice vote or unanimous consent, which don't record how each member voted, but didn't become law before the 114th Congress ended.

AAD AdamsSponsor
12 cosponsors · 8 D, 4 R
BBR Byrne SBD Bonamici JCD Courtney MFD Fudge RHD Hinojosa JKR Kline MPD Pocan PRR Roe BSD Scott GTR Thompson FWD Wilson BLD Lee

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

  1. House Introduced Jun 20, 2016
  2. House Passed Jul 11, 2016

It replaces statutory references to "escrow account" with "bond insurance fund."

What it does: CRS summary · Passed House amended · Jul 11, 2016

HBCU Capital Financing Improvement Act

(Sec. 2) This bill amends title III (Institutional Aid) of the Higher Education Act of 1965 to modify the HBCU Capital Financing Program. [The program guarantees low-cost private loans to historically black colleges and universities (HBCUs) to finance infrastructure repairs, maintenance, and construction.]

It replaces statutory references to "escrow account" with "bond insurance fund."

(Sec. 3) The bill authorizes the Department of Education to provide financial counseling that prepares an eligible HBCU to qualify for, apply for, and maintain a capital improvement loan.

(Sec. 4) It revises and expands reporting requirements for the HBCU Capital Financing Advisory Board.

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

About this bill and sources

Official title: HBCU Capital Financing Improvement Act

Latest action (Jul 12, 2016): Received in the Senate and Read twice and referred to the Committee on Health, Education, Labor, and Pensions.

Policy area: Education · Origin: House · Introduced: Jun 20, 2016

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

  1. House Introduced Jun 20, 2016
  2. House Passed Jul 11, 2016

No recorded floor vote found.