HR 2311
105th Congress
House
Education
Bank loans
Economics and Public Finance
Federal aid to higher education
Finance and Financial Sector
Foundations
Higher education
Nonprofit organizations
Social Welfare
Student loan funds
Tax-exempt organizations
Taxation
Kid's Bank Act
Introduced: July 30, 1997
See on congress.gov
Everywhere this bill has been
2 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Jul 30, 1997
Referred to the House Committee on Education and the Workforce.
Jul 30, 1997
Introduced in House
Plain-English summary
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.
What's happening now
Referred to the House Committee on Education and the Workforce.
Committees of jurisdiction
1
Cosponsors
1