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S 2366 112th Congress Senate Education Appropriations Government lending and loan guarantees Government trust funds Health programs administration and funding Health promotion and preventive care Higher education Interest, dividends, interest rates Student aid and college costs

Interest Rate Reduction Act

Introduced: April 25, 2012 See on congress.gov
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This bill died when the 112th Congress ended
It never became law before the 112th Congress (2011–2012) 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
Apr 25, 2012
Introduced in the Senate. Read twice. Ordered Placed on Senate Legislative Calendar under General Orders. Calendar No. 370.
Apr 25, 2012
Sponsor introductory remarks on measure. (CR S2733-2734)
Apr 25, 2012
Introduced in Senate
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 Plain-English summary Congressional Research Service

Interest Rate Reduction Act - 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 Patient Protection and Affordable Care Act to repeal provisions establishing and appropriating funds to the Prevention and Public Health Fund (a Fund to provide for expanded and sustained national investment in prevention and public health programs to improve health and help restrain the rate of growth in private and public sector health care costs). Rescinds any unobligated balances appropriated to such Fund.

What's happening now April 25, 2012

Introduced in the Senate. Read twice. Ordered Placed on Senate Legislative Calendar under General Orders. Calendar No. 370.

 Related & companion bills 8
  • HR 1217 Related bill To repeal the Prevention and Public Health Fund.
  • HR 3826 Related bill To amend the Higher Education Act of 1965 to extend the reduced interest rate for Federal Direct Stafford Loans.
  • HR 4816 Related bill Stop the Rate Hike Act of 2012
  • HR 5812 Related bill Investing in Our Student's Future Act
  • S 2051 Related bill A bill to amend the Higher Education Act of 1965 to extend the reduced interest rate for Federal Direct Stafford Loans.
  • S 2343 Related bill Stop the Student Loan Interest Rate Hike Act of 2012
  • S 2834 Related bill Subsidized Stafford Loan Reduced Interest Rate Extension Act of 2012
  • HR 4628 Identical bill Interest Rate Reduction Act
 Bill text 1 version

Source documents hosted by congress.gov.

 Cosponsors 6
All 6 Republican 6
R
Thune, John
South Dakota · Apr 26, 2012
 R
Barrasso, John
Wyoming · Apr 25, 2012
 R
Cornyn, John
Texas · Apr 25, 2012
 R
Hoeven, John
North Dakota · Apr 25, 2012
 R
McConnell, Mitch
Kentucky · Apr 25, 2012
 R
Wicker, Roger F.
Mississippi · Apr 25, 2012
Cite this page click to expand
APA
U.S. Congress. (2026). S. 2366: Interest Rate Reduction Act. 112th Congress. Open America. https://openamerica.io/bill/112-S-2366/
MLA
"S. 2366: Interest Rate Reduction Act." 112th Congress, 2026, Open America, https://openamerica.io/bill/112-S-2366/.
Bluebook (legal)
S. 2366, 112th Cong. (2026), https://openamerica.io/bill/112-S-2366/.
Markdown link
[S. 2366: Interest Rate Reduction Act](https://openamerica.io/bill/112-S-2366/)
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