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HR 1123 115th Congress House Education Education programs funding Government lending and loan guarantees Higher education Minority education Securities

HBCU Capital Financing Improvement Act

Introduced: February 16, 2017 Introduced by: Adams, Alma S. Democratic · North Carolina See on congress.gov
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 Everywhere this bill has been 2 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Feb 16, 2017
Referred to the House Committee on Education and the Workforce.
Feb 16, 2017
Introduced in House
 Plain-English summary Congressional Research Service

HBCU Capital Financing Improvement Act

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."

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.

It revises and expands reporting requirements for the HBCU Capital Financing Advisory Board.

What's happening now February 16, 2017

Referred to the House Committee on Education and the Workforce.

 Committees of jurisdiction 1
 Cosponsors 3
All 3 Democratic 2 Republican 1