HR 5530 114th Congress House Education Education programs funding Government lending and loan guarantees Higher education Minority education Securities

HBCU Capital Financing Improvement Act

Introduced: June 20, 2016 Introduced by: Adams, Alma S. Democratic · North Carolina See on congress.gov

Everywhere this bill has been 13 steps

Introduced

In committee

Reported out

Passed House

Passed Senate

To President

Became law

Jul 12, 2016

Received in the Senate and Read twice and referred to the Committee on Health, Education, Labor, and Pensions.

Jul 11, 2016

Motion to reconsider laid on the table Agreed to without objection.

Jul 11, 2016

On motion to suspend the rules and pass the bill, as amended Agreed to by voice vote. (text: CR H4606)

Jul 11, 2016

Passed/agreed to in House: On motion to suspend the rules and pass the bill, as amended Agreed to by voice vote.(text: CR H4606)

Jul 11, 2016

DEBATE - The House proceeded with forty minutes of debate on H.R. 5530.

Jul 11, 2016

Considered under suspension of the rules. (consideration: CR H4606-4607)

Jul 11, 2016

Mr. Byrne moved to suspend the rules and pass the bill, as amended.

Jul 11, 2016

Placed on the Union Calendar, Calendar No. 525.

Jul 11, 2016

Reported (Amended) by the Committee on Education and the Workforce. H. Rept. 114-677.

Jun 22, 2016

Ordered to be Reported (Amended) by Voice Vote.

Jun 22, 2016

Committee Consideration and Mark-up Session Held.

Jun 20, 2016

Referred to the House Committee on Education and the Workforce.

Jun 20, 2016

Introduced in House

Plain-English summary Congressional Research Service

HBCU Capital Financing Improvement Act

(Sec. 2) This bill amends title III (Institutional Aid) of the Higher Education Act of 1965 to modify the HBCU Capital Financing Program. [The program guarantees low-cost private loans to historically black colleges and universities (HBCUs) to finance infrastructure repairs, maintenance, and construction.]

It replaces statutory references to "escrow account" with "bond insurance fund."

(Sec. 3) The bill authorizes the Department of Education to provide financial counseling that prepares an eligible HBCU to qualify for, apply for, and maintain a capital improvement loan.

(Sec. 4) It revises and expands reporting requirements for the HBCU Capital Financing Advisory Board.

What's happening now July 12, 2016

Received in the Senate and Read twice and referred to the Committee on Health, Education, Labor, and Pensions.

Committees of jurisdiction 2