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S 2796 111th Congress Senate Education Government lending and loan guarantees Higher education Student aid and college costs

A bill to extend the authority of the Secretary of Education to purchase guaranteed student loans for an additional year, and for other purposes.

Introduced: November 18, 2009 See on congress.gov
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This bill died when the 111th Congress ended
It never became law before the 111th Congress (2009–2010) 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 3 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Nov 18, 2009
Read twice and referred to the Committee on Health, Education, Labor, and Pensions. (text of measure as introduced: CR S11496)
Nov 18, 2009
Sponsor introductory remarks on measure. (CR S11495-11496)
Nov 18, 2009
Introduced in Senate
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 Plain-English summary Congressional Research Service

Amends the Higher Education Act of 1965 to extend by one year, from July 2010 to July 2011, the Secretary of Education's authority to purchase or enter into forward commitments to purchase: (1) Federal Family Education Loans (FFELs) from lenders, upon the determination that there is an inadequate availability of loan capital to meet the demand for such loans; and (2) rehabilitated loans that eligible lenders purchased under the FFEL default reduction program.

Extends by one year, from June 30, 2010 to June 30, 2011, the authority of institutions of higher education (IHEs), with the Secretary's approval, to participate in the FFEL lender-of-last-resort program for borrowers otherwise unable to obtain such loans (thereby requiring guaranty agencies serving as lenders-of-last-resort to make FFELs to student and parent borrowers of such IHEs, until such date, regardless of their ability to otherwise obtain such loans).

What's happening now November 18, 2009

Read twice and referred to the Committee on Health, Education, Labor, and Pensions. (text of measure as introduced: CR S11496)

 Related & companion bills 1
  • HR 4103 Identical bill To extend the authority of the Secretary of Education to purchase guaranteed student loans for an additional year, and …
 Bill text 1 version

Source documents hosted by congress.gov.

 Committees of jurisdiction 1
 Cosponsors 5
All 5 Republican 5
R
Thune, John
South Dakota · Feb 24, 2010
 R
Barrasso, John
Wyoming · Dec 21, 2009
 R
Wicker, Roger F.
Mississippi · Dec 10, 2009
 R
Graham, Lindsey
South Carolina · Dec 7, 2009
 R
Murkowski, Lisa
Alaska · Nov 18, 2009
Cite this page click to expand
APA
U.S. Congress. (2026). S. 2796: A bill to extend the authority of the Secretary of Education to purchase guaranteed student loans for an additional year, and for other purposes.. 111th Congress. Open America. https://openamerica.io/bill/111-S-2796/
MLA
"S. 2796: A bill to extend the authority of the Secretary of Education to purchase guaranteed student loans for an additional year, and for other purposes.." 111th Congress, 2026, Open America, https://openamerica.io/bill/111-S-2796/.
Bluebook (legal)
S. 2796, 111th Cong. (2026), https://openamerica.io/bill/111-S-2796/.
Markdown link
[S. 2796: A bill to extend the authority of the Secretary of Education to purchase guaranteed student loans for an additional year, and for other purposes.](https://openamerica.io/bill/111-S-2796/)
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