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HR 5723 110th Congress House

Emergency Student Loan Market Liquidity Act

Official title: To amend the Federal Home Loan Bank Act to allow Federal home loan banks to invest surplus funds in student loan securities and make advances for student loan financing, and for other purposes.

Introduced: April 8, 2008 See on congress.gov
Finance and Financial Sector Bank loansEconomics and Public FinanceEducationFederal home loan banks
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Federally-guaranteed loansHigher educationInvestmentsSecuritiesStudent loan fundsSurety and fidelity
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This bill died when the 110th Congress ended
It never became law before the 110th Congress (2007–2008) adjourned, and bills don't carry over to the next Congress. It would have to be reintroduced. You can still save it for reference, but it won't receive updates.
 Everywhere this bill has been 2 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Apr 8, 2008
Referred to the House Committee on Financial Services.
Apr 8, 2008
Introduced in House
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 Latest action April 8, 2008

Referred to the House Committee on Financial Services.

 Plain-English summary Congressional Research Service

Emergency Student Loan Market Liquidity Act - Amends the Federal Home Loan Bank Act to allow federal home loan banks to: (1) invest surplus funds in student loan securities; (2) accept student loans and student loan-related securities as collateral; and (3) provide secured long-term advances to member banks so that they can finance the origination of student loans or purchase or finance student loan-related securities.

Limits the application of this Act to Federal Family Education Loans (FFELs) made under the Higher Education Act of 1965.

Makes the banks' authority effective for investments and advances made between February 1, 2008, and two years after this Act's enactment.

 Related & companion bills 1
  • S 2847 Identical bill Emergency Student Loan Market Liquidity Act
 Bill text 1 version

Source documents hosted by congress.gov.

 Committees of jurisdiction 1
 Cosponsors 1
All 1 Democratic 1
D
Green, Al
Texas · Apr 10, 2008
Cite this page click to expand
APA
U.S. Congress. (2026). H.R. 5723: Emergency Student Loan Market Liquidity Act. 110th Congress. Open America. https://openamerica.io/bill/110-HR-5723/
MLA
"H.R. 5723: Emergency Student Loan Market Liquidity Act." 110th Congress, 2026, Open America, https://openamerica.io/bill/110-HR-5723/.
Bluebook (legal)
H.R. 5723, 110th Cong. (2026), https://openamerica.io/bill/110-HR-5723/.
Markdown link
[H.R. 5723: Emergency Student Loan Market Liquidity Act](https://openamerica.io/bill/110-HR-5723/)
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