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S 2343 112th Congress Senate Education Employment taxes Government lending and loan guarantees Higher education Interest, dividends, interest rates Self-employed Service industries Small business Student aid and college costs

Stop the Student Loan Interest Rate Hike Act of 2012

Introduced: April 24, 2012 See on congress.gov
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 Everywhere this bill has been 17 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
May 24, 2012
Failed of passage/not agreed to in Senate: Under the order of 5/23/12, not having achieved 60 votes in the affirmative, failed of passage in Senate by Yea-Nay Vote. 51 - 43. Record Vote Number: 113.
May 24, 2012
Returned to the Calendar. Calendar No. 365.
May 24, 2012
Under the order of 5/23/12, not having achieved 60 votes in the affirmative, failed of passage in Senate by Yea-Nay Vote. 51 - 43. Record Vote Number: 113.
May 24, 2012
Measure laid before Senate by unanimous consent. (consideration: CR S3609-3611, S3611-3612)
May 24, 2012
Motion to proceed to consideration of measure agreed to in Senate. (consideration: CR S3609)
May 23, 2012
Motion by Senator Reid to reconsider the vote by which cloture was not invoked on the motion to proceed to the measure (Roll Call Vote No. 89) withdrawn in Senate by Unanimous Consent.
May 16, 2012
Motion to proceed to consideration of measure made in Senate. (consideration: CR S3181-3182)
May 15, 2012
Motion to proceed to consideration of measure made in Senate. (consideration: CR S3158)
May 9, 2012
Motion to proceed to consideration of measure made in Senate. (consideration: CR S2989-3035)
May 8, 2012
Motion by Senator Reid to reconsider the vote by which cloture was not invoked on the motion to proceed to the measure (Roll Call Vote No. 89) entered in Senate.
May 8, 2012
Cloture on the motion to proceed to the measure not invoked in Senate by Yea-Nay Vote. 52 - 45. Record Vote Number: 89. (consideration: CR H2944; text: CR H2944)
May 8, 2012
Motion to proceed to measure considered in Senate. (consideration: CR S2935-2944, H2944-2959)
May 7, 2012
Motion to proceed to measure considered in Senate. (consideration: CR S2892-2906)
Apr 26, 2012
Cloture motion on the motion to proceed to the measure presented in Senate. (consideration: CR S2799; text: CR S2799)
Apr 26, 2012
Motion to proceed to consideration of measure made in Senate. (consideration: CR S2799-2807)
Apr 24, 2012
Introduced in the Senate. Read twice. Ordered Placed on Senate Legislative Calendar under General Orders. Calendar No. 365. (text of measure as introduced: CR S2657-2658)
Apr 24, 2012
Introduced in Senate
 Plain-English summary Congressional Research Service

Stop the Student Loan Interest Rate Hike Act of 2012 - Amends title IV (Student Assistance) of the Higher Education Act of 1965 to make the 3.4% interest rate on Direct Stafford loans first disbursed to undergraduate students between July 1, 2011, and July 1, 2012, applicable to Direct Stafford loans first disbursed to undergraduate students between July 1, 2011, and July 1, 2013.

Amends the Internal Revenue Code and title II (Old Age, Survivors and Disability Insurance) of the Social Security Act to require certain shareholders of a subchapter S corporation engaged as a partner in a professional service business to include income or loss attributable to such business in their net earnings from self-employment for employment tax purposes.

Restricts such tax treatment to shareholders whose modified adjusted gross income exceeds a specified amount that varies based on their tax filing status.

Defines a "professional service business" as any trade or business providing services in the fields of health, law, lobbying, engineering, architecture, accounting, actuarial science, performing arts, consulting, athletics, investment advice or management, or brokerage services.

What's happening now May 24, 2012

Returned to the Calendar. Calendar No. 365.

 Cosponsors 10
All 10 Democratic 9 Independent 1