Latest Action: 05/07/2008 - Read twice and referred to the Committee on Veterans' Affairs.

Bill Text
A bill to amend title 38, United States Code, to enhance housing loan authorities for veterans and to otherwise assist veterans and members of the Armed Forces in avoiding the foreclosure of their homes, and for other purposes.
Latest Action: 04/29/2008 - Referred to the House Committee on Financial Services.

Bill Text
To clarify the authority of the Federal Financing Bank to purchase loans guaranteed under part B of title IV of the Higher Education Act of 1965, and for other purposes.

4/29/2008--Introduced.

Student Loan Access Act of 2008 - Authorizes the Federal Financing Bank, until July 1, 2009, to: (1) purchase guaranteed loans originated under the Federal Family Education Loan (FFEL) program of the Higher Education Act of 1965, or participation interests in such loans; (2) advance funds to eligible lenders for the purpose of originating or purchasing FFELs; and (3) invest in securities collateralized with FFELs.

Prohibits such FFEL purchases from resulting in any net cost to the federal government.

Permits the Secretary of the Treasury to extend the Bank's authority to take such actions beyond July 1, 2009, if economic conditions threaten timely, uninterrupted access to student loans.

S.RES.524 Sponsored by John F. Kerry
Latest Action: 04/28/2008 - Senate Committee on Small Business and Entrepreneurship discharged by Unanimous Consent.

Bill Text
A resolution honoring the entrepreneurial spirit of the owners of small business concerns in the United States during National Small Business Week, beginning April 21, 2008.
Latest Action: 04/21/2008 - Sponsor introductory remarks on measure. (CR S3208)

Bill Text
A bill to amend the Higher Education Act of 1965 to maintain eligibility, for Federal PLUS loans, of borrowers who are 90 or more days delinquent on mortgage loan payments, or for whom foreclosure proceedings have been initiated, with respect to their primary residence.

4/21/2008--Introduced.

PLUS Loan Borrower Protection Act of 2008 - Amends the Higher Education Act of 1965, with respect to eligibility for a PLUS Federal Family Education Loan, to specify an extenuating circumstance for purposes of determining if a borrower has an adverse credit history on the basis of a mortgage loan delinquency or foreclosure.

Declares that an extenuating circumstance exists if, at any time from January 1, 2007, through December 31, 2112, the borrower is 90 or more days delinquent on mortgage loan payments, or foreclosure proceedings have been initiated, with respect to the borrower's primary residence.

Latest Action: 04/16/2008 - Referred to the Subcommittee on Health.

Bill Text
To amend title V of the Social Security Act to provide grants for school-based mentoring programs for at risk teenage girls to prevent and reduce teen pregnancy, and to provide student loan forgiveness for mentors participating in such programs. 4/15/2008--Introduced. Mentor-Mentee Teen Pregnancy Reduction Act of 2008 - Amends title V (Maternal and Child Health Services) of the Social Security Act to direct the Secretary of Health and Human Services to award competitive grants to local educational agencies or community-based organizations for the creation of school-based programs that provide mentoring to at-risk teenage girls to prevent and reduce teen pregnancy. Requires program mentors to be women who: (1) have received at least a baccalaureate degree from an institution of higher education; (2) are mentoring no more than two program mentees; and (3) are trained and screened to encourage mentees to engage in responsible, goal-orientated behavior, delay their sexual [...]

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S.2847 Sponsored by John F. Kerry
Latest Action: 04/10/2008 - Sponsor introductory remarks on measure. (CR S2949-2950)

Bill Text
A bill to amend the Federal Home Loan Bank Act to allow Federal home loan banks to invest surplus funds in student loan securities and make advances for student loan financing, and for other purposes.

4/10/2008--Introduced.

Emergency Student Loan Market Liquidity Act - Amends the Federal Home Loan Bank Act to allow federal home loan banks to: (1) invest surplus funds in student loan securities; (2) accept student loans and student loan-related securities as collateral; and (3) provide secured long-term advances to member banks so that they can finance the origination of student loans or purchase or finance student loan-related securities.

Limits the application of this Act to Federal Family Education Loans (FFELs) made under the Higher Education Act of 1965.

Makes the banks' authority effective for investments and advances made between February 1, 2008, and two years after this Act's enactment.

Latest Action: 04/08/2008 - Referred to the House Committee on Financial Services.

Bill Text
To amend the Federal Home Loan Bank Act to allow Federal home loan banks to invest surplus funds in student loan securities and make advances for student loan financing, and for other purposes.

4/8/2008--Introduced.

Emergency Student Loan Market Liquidity Act - Amends the Federal Home Loan Bank Act to allow federal home loan banks to: (1) invest surplus funds in student loan securities; (2) accept student loans and student loan-related securities as collateral; and (3) provide secured long-term advances to member banks so that they can finance the origination of student loans or purchase or finance student loan-related securities.

Limits the application of this Act to Federal Family Education Loans (FFELs) made under the Higher Education Act of 1965.

Makes the banks' authority effective for investments and advances made between February 1, 2008, and two years after this Act's enactment.

H.R.5715 Sponsored by George Miller
Latest Action: 05/07/2008 - Signed by President.

Bill Text
To ensure continued availability of access to the Federal student loan program for students and families. 5/7/2008--Public Law.    (There are 4 other summaries) (This measure has not been amended since it was passed by the Senate on April 30, 2008. The summary of that version is repeated here.) Ensuring Continued Access to Student Loans Act of 2008 - (Sec. 2) Amends the Higher Education Act of 1965 to increase, by $2,000, the maximum annual unsubsidized Stafford loan amounts that may be provided to undergraduate students under the Federal Family Education Loan (FFEL) program. Sets the aggregate limit on such loans at $31,000 for dependent undergraduates and $57,500 for independent undergraduates. (Sec. 3) Gives parent borrowers of PLUS FFELs the option to defer loan principal repayment for up to six months after the students for whom such loans are borrowed cease to carry at least one-half the normal full-time academic workload. [...]

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Latest Action: 04/09/2008 - Ms. Velazquez moved to suspend the rules and agree to the resolution.

Bill Text
Recognizing the plumbing industry and supporting the goals and ideals of "National Plumbing Industry Week". 4/8/2008--Introduced. Recognizes that small business plumbing contractors have benefited from the reduced regulatory burden provided as a result of passage of the Regulatory Flexibility Act of 1980 and the Small Business Regulatory Enforcement Fairness Act of 1996. Recognizes that the loan guarantee program under Section 7(a) of the Small Business Act administered by the Administrator of the Small Business Administration has provided access to capital for small business plumbing contractors. Recognizes that approximately 80% of plumbing contractors around the country are small, family owned and run companies. Recognizes these small firms account for a large percentage of our Nation's GDP, through sales, service, and repair. Recognizes how small businesses in the plumbing industry are the leader in developing, and utilizing new innovative technologies [...]

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Latest Action: 04/03/2008 - Sponsor introductory remarks on measure. (CR S2440-2442)

Bill Text
A bill to amend the Higher Education Act of 1965 in order to increase unsubsidized Stafford loan limits for undergraduate students, provide for a secondary market for FFEL loans, allow for the in-school deferment of PLUS loans, augment the maximum Federal Pell Grant for the lowest income students, and expand the number of students eligible to obtain loans under the lender-of-last-resort program, and for other purposes. 4/3/2008--Introduced. Strengthening Student Aid for All Act - Amends the Higher Education Act of 1965 to increase the maximum annual and aggregate unsubsidized Stafford loan amounts that may be provided to undergraduate students under the Federal Family Education Loan (FFEL) program. Allows parents of dependent students to defer PLUS FFEL principal repayment until such students cease to be enrolled as undergraduates on at least a half-time basis. Directs the Secretary of Education to act as the secondary market of last resort for FFELs, until July [...]

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Latest Action: 03/13/2008 - Sponsor introductory remarks on measure. (CR 3/14/2008 S2149-2150)

Bill Text
A bill to provide for judicial discretion regarding suspensions of student eligibility under section 484(r) of the Higher Education Act of 1965.

3/13/2008--Introduced.

Amends the Higher Education Act of 1965 to suspend students' eligibility for assistance under title IV for being convicted of committing controlled substance offenses while in receipt of such assistance only if the convicting courts order such suspension. (Currently, a conviction suffices.)

Latest Action: 03/11/2008 - Star Print ordered on the bill.

Bill Text
A bill to aid families and neighborhoods facing home foreclosure and address the subprime mortgage crisis. 3/7/2008--Introduced. Security Against Foreclosures and Education Act, or the SAFE Act - Amends the Internal Revenue Code to allow proceeds of qualified mortgage bonds to be used to refinance certain residential subprime loans. Requires the Neighborhood Reinvestment Corporation to continue to award expeditiously certain funds already provided for mortgage foreclosure counseling. Amends the Code to allow purchasers of certain single-family principal residences a one-time tax credit. Amends the Truth in Lending Act to: (1) revise creditor mortgage loan disclosure requirements; and (2) increase civil damages for noncompliance with such Act. Amends the Code to: (1) allow a five-year carryback of net operating losses for certain taxable years; and (2) suspend through taxable year 2009 the 90% of alternative minimum taxable income limit for certain [...]

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S.2732 Sponsored by Claire McCaskill
Latest Action: 03/07/2008 - Read twice and referred to the Committee on Health, Education, Labor, and Pensions.

Bill Text
A bill to expand the definition of independent student under the Higher Education Act of 1965 to include active members of the National Guard or Reserve forces of the United States and to prevent payments of educational assistance for veterans and members of the Selected Reserve from being offset in the calculation of financial aid under such Act.

3/7/2008--Introduced.

Student Veteran Financial Aid Fairness Act of 2008 - Amends the Higher Education Act of 1965 to treat current active National Guard and Reserve personnel who have completed their initial military training as independent students in analyses of their need for assistance under title IV (Student Assistance) of the Act.

Prohibits educational assistance provided under specified benefit programs for veterans and members of the Selected Reserve from being considered in such need analyses.

Latest Action: 02/19/2008 - Sponsor introductory remarks on measure. (CR E212-213)

Bill Text
To prevent payments of educational assistance for veterans and members of the Selected Reserve from being offset in the calculation of financial aid under the Higher Education Act of 1965.

2/19/2008--Introduced.

Student Veteran Financial Aid Fairness Act of 2008 - Amends the Higher Education Act of 1965 to prohibit educational assistance provided under specified benefit programs for veterans and members of the Selected Reserve from being considered in analyses of their need for assistance under title IV (Student Assistance) of the Act.

S.2523 Sponsored by John F. Kerry
Latest Action: 12/19/2007 - Sponsor introductory remarks on measure. (CR S16014-16015)

Bill Text
A bill to establish the National Affordable Housing Trust Fund in the Treasury of the United States to provide for the construction, rehabilitation, and preservation of decent, safe, and affordable housing for low-income families. 12/19/2007--Introduced. National Affordable Housing Trust Fund Act of 2007 - Amends the Cranston-Gonzalez National Affordable Housing Act to establish in the Treasury a National Affordable Housing Trust Fund available to the Secretary of Housing and Urban Development to provide assistance to states, Indian tribes, insular areas, and participating local jurisdictions to increase the supply of decent quality affordable housing, especially for low-income, extremely low-income, and very poor families. Prohibits the use of appropriations to the Fund for a fiscal year unless the amount equal to the net increase in the negative credit subsidy for specified mortgage insurance programs is first made available for: (1) single family housing mortgage [...]

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Latest Action: 02/05/2008 - Referred to the Subcommittee on Higher Education, Lifelong Learning, and Competitiveness.

Bill Text
To amend section 435(o) of the Higher Education Act of 1965 regarding the definition of economic hardship.

12/11/2007--Introduced.

Amends the Higher Education Act of 1965 with respect to the meaning of economic hardship under the Federal Family Education Loan or Perkins Loan and related loan insurance programs.

Considers borrowers under such programs to be suffering economic hardship if they are working full-time, have a federal educational debt burden equal to at least 20% of their adjusted gross income, and the difference between their adjusted gross income minus such debt burden is less than 220% of the greater of: (1) the annual earnings of an minimum wage earner; or (2) 150% of the poverty line applicable to their family size.

Latest Action: 11/16/2007 - Read the second time. Placed on Senate Legislative Calendar under General Orders. Calendar No. 511.

Bill Text
A bill making appropriations for military construction, the Department of Veterans Affairs, and related agencies for the fiscal year ending September 30, 2008, and for other purposes. 11/15/2007--Introduced. Military Construction and Veterans Affairs and Related Agencies Appropriations Act, 2008 - Appropriates funds for FY2008 for the Department of Defense (DOD) for: (1) military construction for the Army, Navy and Marine Corps, and Air Force (military departments), DOD, the Army and Air National Guard, and the Army, Navy, and Air Force reserves; (2) the North Atlantic Treaty Organization (NATO) Security Investment Program; (3) family housing construction and related operation and maintenance for the military departments and DOD; (4) the Department of Defense Family Housing Improvement Fund; (5) DOD chemical demilitarization construction; and (6) the Department of Defense Base Closure Accounts of 1990 and 2005. Appropriates funds for the Department of Veterans Affairs [...]

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Latest Action: 11/08/2007 - Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.

Bill Text
A bill to modernize and update the National Housing Act and enable the Federal Housing Administration to use risk-based pricing to more effectively reach underserved borrowers, and for other purposes. 11/8/2007--Introduced. Expanding American Homeownership Act of 2007 - Amends the National Housing Act to: (1) modify guidelines governing the maximum principal loan obligation; (2) extend the mortgage term; and (3) revise requirements for cash payment by the mortgagor in the eligibility criteria for mortgage insurance. Directs the Secretary of Housing and Urban Development (HUD) to reinstate the current downpayment requirement in the event of increased defaults. Authorizes the Secretary to establish a mortgage insurance premium structure involving a single premium payment collected prior to the insurance of the mortgage that may vary during the mortgage term as long as the basis for determining the variable rate is established before the execution of the mortgage.[...]

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S.2302 Sponsored by Tom Harkin
Latest Action: 11/02/2007 - Committee on Agriculture, Nutrition, and Forestry. Original measure reported to Senate by Senator Harkin. With written report No. 110-220. Additional views filed.

Bill Text
An original bill to provide for the continuation of agricultural programs through fiscal year 2012, and for other purposes.

11/2/2007--Introduced.

Food and Energy Security Act of 2007 - Revises agricultural and related programs and provisions respecting: (1) producer income; (2) conservation; (3) trade; (4) nutrition; (5) credit; (6) rural development and investment; (7) research and related matters; (8) forestry; (9) energy; (10) livestock marketing; and (11) agricultural security.

S.2303 Sponsored by Richard Burr
Latest Action: 11/02/2007 - Read twice and referred to the Committee on Health, Education, Labor, and Pensions.

Bill Text
A bill to amend section 435(o) of the Higher Education Act of 1965 regarding the definition of economic hardship.

11/2/2007--Introduced.

Amends the Higher Education Act of 1965 with respect to the meaning of economic hardship under the Federal Family Education Loan or Perkins Loan and related loan insurance programs.

Considers borrowers under such programs to be suffering economic hardship if they are working full-time, have a federal educational debt burden equal to at least 20% of their adjusted gross income, and the difference between their adjusted gross income minus such debt burden is less than 220% of the greater of: (1) the annual earnings of an minimum wage earner; or (2) 150% of the poverty line applicable to their family size.

H.R.4046 Sponsored by Jason Altmire
Latest Action: 01/15/2008 - Referred to the Subcommittee on Higher Education, Lifelong Learning, and Competitiveness.

Bill Text
To amend the Higher Education Act of 1965 to require the Department of Education to accept certifications of permanent and total disability by the Department of Veterans Affairs for the purpose of student loan discharge.

11/1/2007--Introduced.

Student Disability Fairness Act - Amends the Higher Education Act of 1965 to require the Secretary of Education to accept certifications by the Department of Veterans Affairs that student borrowers are permanently and totally disabled as sufficient documentation for the discharge of their loans under part B (Federal Family Education Loan Program) of title IV of the Act.

S.2288 Sponsored by Olympia J. Snowe
Latest Action: 11/01/2007 - Sponsor introductory remarks on measure. (CR S13689)

Bill Text
A bill to establish portfolio quality standards, improve lender oversight by the Small Business Administration, create economic outcome and performance measurements, strengthen the loan programs under section 7(a) of the Small Business Act and title V of the Small Business Investment Act of 1958, and for other purposes. 11/1/2007--Introduced. Small Business Lending Oversight and Program Performance Improvement Act of 2007 - Directs the Administrator of the Small Business Administration (SBA) to develop and publish portfolio quality evaluation standards to evaluate the loan portfolios of lenders participating in the section 7(a) (SBA-guaranteed loans to small businesses) and 504 (financing to small businesses funded by SBA-guaranteed debentures) programs of the Small Business Act. Requires the standards to measure the rates of loan liquidation, currency, recovery, and delinquency, and to be used by the Administrator to determine lender portfolio quality and to conduct lender [...]

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Latest Action: 10/31/2007 - Sponsor introductory remarks on measure. (CR E2292)

Bill Text
To study, pilot, and implement a comprehensive, structural, market-based reform to the Federal Family Education Loan Program to reduce costs to taxpayers and improve program efficiency. 10/31/2007--Introduced. Student Loan Auction Market Act - Directs the Secretary of Education (Secretary) and the Secretary of the Treasury to conduct a planning study of alternative market-based mechanisms for setting lenders' yields on Federal Family Education Loans under part B of title IV of the Higher Education Act of 1965. Requires such study to be followed by a limited two-year pilot program testing the mechanisms which the study finds most promising in ensuring loan availability, minimizing administrative complexity, and reducing federal costs. Allows the Secretary to implement on a program-wide basis the auction-based system proven to satisfy such criteria, after an independent evaluation by the Government Accountability Office (GAO) of the pilot program, as well as the Competitive [...]

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Latest Action: 10/19/2007 - Referred to the Subcommittee on Aviation.

Bill Text
To facilitate efficient investments and financing of infrastructure projects and new job creation through the establishment of a National Infrastructure Development Corporation, and for other purposes. 10/18/2007--Introduced. National Infrastructure Development Act of 2007 - Establishes the National Infrastructure Development Corporation and the National Infrastructure Insurance Corporation as wholly owned Government corporations that shall conduct their respective businesses as self-supporting entities. Empowers the National Infrastructure Development Corporation to: (1) make senior and subordinated loans and purchase senior and subordinated debt securities and equity securities; (2) enter into commitments to make any such loan or security purchases, on such terms as the Corporation may (in its discretion) determine to be appropriate, the proceeds of which are to be used to finance or refinance development of infrastructure facilities; and (3) provide preconstruction [...]

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H.R.3873 Sponsored by Paul W. Hodes
Latest Action: 01/24/2008 - Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.

Bill Text
To expedite the transfer of ownership of rural multifamily housing projects with loans made or insured under section 515 of the Housing Act of 1949 so that such projects are rehabilitated and preserved for use for affordable housing. 1/23/2008--Passed House without amendment.    (There are 2 other summaries) (This measure has not been amended since it was introduced. The expanded summary of the House reported version is repeated here.)Section 515 Rural Housing Property Transfer Improvement Act of 2007 - Amends the Housing Act of 1949 to direct the Secretary of Agriculture to: (1) implement administrative and procedural changes to expedite the application approval process for transferring ownership of Section 515 rural multifamily housing projects for which a loan is either made or insured for a project's preservation, continued use restriction, and rehabilitation; and (2) actively facilitate such transfers. (A Section 515 project is one involving [...]

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Latest Action: 01/22/2008 - Read twice and referred to the Committee on Small Business and Entrepreneurship.

Bill Text
To reauthorize certain programs under the Small Business Act for each of fiscal years 2008 and 2009. 11/6/2007--Passed House amended.    (There is 1 other summary) Small Business Programs Act of 2007 - Amends the Small Business Act (the Act) to reauthorize for FY2008-FY2009 certain small business assistance programs of the Small Business Administration (SBA) authorized under the Act and the Small Business Investment Act of 1958, including: (1) a disaster mitigation pilot program; (2) general and start-up small business loans; (3) certified development company (CDC) financing; (4) disaster loans; (5) the Service Corps of Retired Executives (SCORE); and (6) grants to microloan program intermediaries and technical assistance providers. Reauthorizes for such fiscal years: (1) the businessLINC grants program; (2) the small business development center (SBDC) program; (3) the women's business center program; (4) the HUBZone (heavily underutilized business [...]

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Latest Action: 11/01/2007 - Received in the Senate and Read twice and referred to the Committee on Small Business and Entrepreneurship.

Bill Text
To update and expand the procurement programs of the Small Business Administration, and for other purposes. 10/30/2007--Passed House amended.    (There is 1 other summary) Small Business Contracting Program Improvements Act - Title I: Ensuring Government Contract Opportunities for Small Business Concerns Owned and Controlled by Service-Disabled Veterans - (Sec. 101) Amends the Small Business Act to: (1) permit agencies to enter into contracts with a small business owned and controlled by a service-disabled veteran without first ensuring that there is only one company can perform a contract; and (2) allow contracting officers to decide whether or not to set aside contracts where at least two underutilized business zone (HUBZone) qualified companies could compete for the contract. (Sec. 102) Provides for the assessment of civil penalties against any company that misrepresents itself as a small business owned and controlled by service-disabled [...]

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Latest Action: 11/07/2007 - Committee Consideration and Mark-up Session Held.

Bill Text
To require escrows for certain mortgage loans, to improve mortgage servicing, to promote sustainable homeownership opportunities, to enhance appraisal quality and standards, to better appraisal oversight, to mitigate appraiser pressure, and for other purposes. 10/16/2007--Introduced. Escrow, Appraisal, and Mortgage Servicing Improvements Act - Amends the Truth in Lending Act to require a creditor, in a consumer credit transaction secured by the consumer's principal dwelling, to establish an escrow or impound account to pay taxes and hazard insurance, and, if applicable, flood insurance, mortgage insurance, ground rents, and any other required periodic payments or premiums. Requires written disclosures by the creditor to the consumer regarding: (1) such escrow or impound account; and (2) consumers who opt out of escrow services. Amends the Real Estate Settlement Procedures Act of 1974 to proscribe specified practices by the servicer of a federally related mortgage,[...]

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Latest Action: 10/04/2007 - Referred to the House Committee on Education and Labor.

Bill Text
To amend and extend the Higher Education Act of 1965. 10/4/2007--Introduced. College Access and Opportunity Act of 2007 - Amends the Higher Education Act of 1965 (HEA) to revise and reauthorize appropriations for HEA programs. Establishes a single definition of institutions of higher education (IHEs) for purposes of their participation in all HEA programs, including title IV student aid programs. Allows IHEs to enroll students who are also enrolled in secondary school. Revises higher education consumer information and public accountability requirements. Imposes educational loan disclosure requirements on lenders and IHEs. Replaces the Teacher Quality Enhancement Grants for States and Partnerships program under title II with a new Teacher Quality Partnership grant program for partnerships of high-need local educational agencies (LEAs), high-need schools, IHEs, and public or private educational organizations. Repeals part B (Preparing Tomorrow's [...]

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S.2155 Sponsored by Robert C. Byrd
Latest Action: 10/04/2007 - Read twice and referred to the Committee on Foreign Relations.

Bill Text
A bill to amend the Energy Policy Act of 1992 to encourage the development of clean energy technologies for deployment in markets abroad, to assist the Department of Energy's promotion of research and development of clean and efficient energy systems, to encourage the Department of Energy and other Federal agencies to work together to improve the advancement of sustainable energy use and reduce greenhouse gas emissions, and for other purposes. 10/4/2007--Introduced. International Clean Energy Technologies Deployment and Global Energy Markets Investment Act of 2007 - Amends the Energy Policy Act of 1992 to set forth a program for clean energy assistance to developing countries. Instructs the Secretary of Energy to: (1) establish a pilot program of financial assistance for clean energy projects in developing countries that will result in reduced greenhouse gas emissions; and (2) make a loan or loan guarantee for not more than 50% of project costs for each pilot program [...]

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Latest Action: 09/29/2007 - Signed by President.

Bill Text
Making continuing appropriations for the fiscal year 2008, and for other purposes. 9/29/2007--Public Law.    (There are 3 other summaries) (This measure has not been amended since it was passed by the House on September 26, 2007. The summary of that version is repeated here.) Makes continuing appropriations for FY2008. (Sec. 101) Appropriates amounts for continuing operations, projects, or activities which were conducted in FY2007 and for which appropriations, funds, or other authority were made available in: (1) the Department of Defense Appropriations Act, 2007 (division A of Public Law 109-289); (2) the Department of Homeland Security Appropriations Act, 2007 (Public Law 109-295); and (3) the Continuing Appropriations Resolution, 2007 (division B of Public Law 109-289, as amended by Public Law 110-5). (Sec. 102) Prohibits the use of appropriations, funds, or authority granted under this joint resolution for the Department [...]

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Latest Action: 10/23/2007 - Referred to the Subcommittee on Higher Education, Lifelong Learning, and Competitiveness.

Bill Text
To establish and determine the eligibility of individuals for a loan forgiveness program for professional engineers in order to provide incentives for engineers currently employed and engineering students and other students pursuing or considering pursuing a degree in science, technology and engineering, and for the support of students pursing such secondary and postsecondary education. 9/24/2007--Introduced. Strategic Technology/Engineering Program Act of 2007 or the STEP Act - Amends the Higher Education Act of 1965 to authorize the Secretary of Education to award renewable one-year STEP scholarships to students who pursue undergraduate or graduate degrees in engineering, technology, applied sciences, mathematics, or similar fields. Authorizes the Secretary to provide student loan forgiveness to borrowers under the Federal Family Education Loan and Direct Loan programs who agree to remain employed as engineers for at least eight years and obtain licensure as professional [...]

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H.R.3587 Sponsored by Chaka Fattah
Latest Action: 09/19/2007 - Referred to the House Committee on Financial Services.

Bill Text
To establish a program to assist homeowners experiencing unavoidable, temporary difficulty making payments on mortgages insured under the National Housing Act.

9/19/2007--Introduced.

Homeowners' Emergency Mortgage Assistance Act - Directs the Secretary of Housing and Urban Development to establish a mortgage emergency assistance program for qualifying homeowners with National Housing Act-insured mortgages who are temporarily unable to meet their obligations due to financial hardship beyond their control.

Requires: (1) homeowner repayment of such assistance and interest; and (2) certain conditions to be met before legal action may be taken against a qualifying homeowner, including providing the homeowner with program notice.

H.R.3566 Sponsored by John Kline
Latest Action: 10/17/2007 - Referred to the Subcommittee on Higher Education, Lifelong Learning, and Competitiveness.

Bill Text
To permanently extend the waiver authority of the Secretary under the Higher Education Relief Opportunities for Students Act of 2003.

9/18/2007--Introduced.

Extends permanently the Secretary of Education's authority under the Higher Education Relief Opportunities for Students Act of 2003 to waive or modify the application of requirements and regulations pertaining to student financial assistance, under title IV of the Higher Education Act of 1965, to certain individuals and entities affected by wars, other military operations, or national emergencies.

S.2062 Sponsored by Byron L. Dorgan
Latest Action: 02/08/2008 - Senate Committee on Banking, Housing, and Urban Affairs discharged pursuant to the order of May 27, 1988.

Bill Text
A bill to amend the Native American Housing Assistance and Self-Determination Act of 1996 to reauthorize that Act, and for other purposes. 12/7/2007--Reported to Senate amended.    (There is 1 other summary) Native American Housing Assistance and Self-Determination Reauthorization Act of 2007 - Title I: Block Grants and Grant Requirements - (Sec. 101) Amends the Native American Housing Assistance and Self-Determination Act of 1996 (NAHASDA) to expand the authority of Indian tribes to: (1) carry out self-determined housing activities for tribal communities programs; (2) access federal sources of supply on the same basis as employees of an executive agency; and (3) follow tribal preference in contracting and employment.(Sec. 102) Revises reporting requirements for Indian tribes receiving grants under NAHASDA and the standards for review of Indian housing plans by the Secretary of Housing and Urban Development (HUD).(Sec. 104) Disregards [...]

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H.R.3567 Sponsored by Jason Altmire
Latest Action: 09/28/2007 - Received in the Senate and Read twice and referred to the Committee on Small Business and Entrepreneurship.

Bill Text
To amend the Small Business Investment Act of 1958 to expand opportunities for investments in small businesses, and for other purposes. 9/27/2007--Passed House amended.    (There are 2 other summaries) Small Business Investment Expansion Act of 2007 - Title I: Small Business Investment Company Program - (Sec. 101) Amends the Small Business Investment Act of 1958 to increase the maximum amounts of outstanding leverage made available by the Small Business Administration (SBA) to: (1) any one small business investment company (SBIC) which provides loans to small businesses; and (2) two or more SBICs that are commonly controlled. (Sec. 102) Increases the total amount of debentures and participating securities issued by an SBIC that may be guaranteed by the SBA in the case of an SBIC that certifies that not less than 50% of its aggregate investments will be made in small businesses that are either: (1) majority owned by socially or economically [...]

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Latest Action: 09/18/2007 - Referred to the Subcommittee on Management, Investigations, and Oversight.

Bill Text
To debar or suspend contractors from Federal contracting for unlawful employment of aliens, and for other purposes. 9/7/2007--Introduced. Border Control and Contractor Accountability Act of 2007 - Provides that a federal contractor who employs directly or through a subcontractor an alien who is not authorized to work shall: (1) be debarred or suspended from federal contracting for three years; and (2) have the contract terminated unless the contractor or subcontractor agrees to terminate the employment of any such alien. Directs the Secretary of Homeland Security to establish the position of Small Business Administration Liaison within U.S. Immigration and Customs Enforcement to ensure that the Small Business Administration (SBA) does not make or guarantee a loan to an alien who is unlawfully present in the United States. Authorizes the Secretary to contract with private entities for domestic transport from Border Patrol custody to detention facilities of aliens [...]

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Latest Action: 08/03/2007 - Sponsor introductory remarks on measure. (CR S10905)

Bill Text
A bill to amend part D of title III of the Public Health Service Act to authorize grants and loan guarantees for health centers to enable the centers to fund capital needs projects, and for other purposes.

8/3/2007--Introduced.

Build, Update, Improve, Lift, and Design Health Centers Act of 2007 or the BUILD Act – Amends the Public Health Service Act to require the Secretary of Health and Human Services to award grants to health centers to: (1) modernize, expand, and replace existing facilities; and (2) construct new facilities at such centers.

Requires the Secretary to establish a loan guarantee program for loans to health centers for capital need projects, including: (1) acquiring, leasing, modernizing, expanding, or replacing existing facilities; (2) constructing new facilities; (3) purchasing or leasing equipment; and (4) the costs of refinancing loans made for any such projects.

H.R.3428 Sponsored by John M. McHugh
Latest Action: 08/24/2007 - Referred to the Subcommittee on Research and Science Education.

Bill Text
To bridge the digital divide in rural areas. 8/3/2007--Introduced. Rural America Digital Accessibility Act - Authorizes the Secretary of Commerce to make grants or guarantee loans in order to facilitate the deployment by the private sector of broadband telecommunications networks and capabilities (including wireless and satellite services) to underserved rural areas. Limits to $100 million the total amount of such grants and loan guarantees.Requires the Director of the National Science Foundation to research the enhancement or facilitation of broadband telecommunications services in rural and other remote areas, as well as Internet access through such services. Amends the Internal Revenue Code to provide a tax credit to holders of qualified technology bonds (bonds representing an investment in projects to expand such telecommunications services). Sets a national technology bond limitation of $100 million for each of FY 2007 through 2011, and zero thereafter (with an exception) [...]

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S.2008 Sponsored by Mary L. Landrieu
Latest Action: 03/06/2008 - S.AMDT.4139 Referred to the Committee on Banking, Housing, and Urban Affairs.

Bill Text
A bill to reform the single family housing loan guarantee program under the Housing Act of 1949. 8/3/2007--Introduced. Home Ownership Made Easier Act or the HOME Act - Amends the Housing Act of 1949 to revise eligibility, qualifying population limit, guarantee fee, and refinancing requirements of the Doug Bereuter Section 502 Single Family Housing Loan Guarantee Program.Replaces the current 115% of area median income eligibility limit for families with three income tiers, including households of up to four members, of up to eight members, and of over eight members.Repeals the requirement that the loan applicant qualify for other specified federal housing loans as well. Requires the single-family residence acquired or constructed with such a loan to be located in a rural area (as under current law), but allows the area population to range up to 40,000.Increases from 1% to 2% of the principal obligation of a guaranteed loan the guarantee fee which the Secretary [...]

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H.R.3378 Sponsored by Brian Baird
Latest Action: 09/19/2007 - Referred to the Subcommittee on Higher Education, Lifelong Learning, and Competitiveness.

Bill Text
To establish a demonstration loan program for nontraditional students. 8/3/2007--Introduced. College Affordability for Working Students Act - Amends the Higher Education Act of 1965 to authorize the Secretary of Education to carry out a Demonstration Loan program providing guaranteed and direct loans to less than half-time students for not more than six terms, semesters, or substantially equivalent periods of enrollment over the duration of the students' studies. Limits program participation to up to 100 institutions of higher education or consortia of IHEs. Requires program loans to be: (1) subject to deferral of repayment while the borrower is enrolled as a student, even if less than half-time; and (2) repaid pursuant to a repayment plan selected by the borrower that commences six months after the borrower's enrollment ends. Authorizes the Secretary to waive, for IHE participants, certain requirements limiting what may be included in the cost of attendance [...]

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H.R.3401 Sponsored by Keith Ellison
Latest Action: 08/04/2007 - Referred to the Subcommittee on Highways and Transit.

Bill Text
To establish the National Infrastructure Bank to provide funding for qualified infrastructure projects, and for other purposes.

8/3/2007--Introduced.

National Infrastructure Bank Act of 2007 - Establishes an independent National Infrastructure Bank to: (1) designate qualified transit, public housing, water, highway, bridge, or road infrastructure projects for loans, loan guarantees, and other financial assistance; and (2) issue general purpose and project-based infrastructure bonds exempt from state and local taxation.

S.1982 Sponsored by Bernard Sanders
Latest Action: 08/02/2007 - Sponsor introductory remarks on measure. (CR S10821)

Bill Text
A bill to provide for the establishment of the United States Employee Ownership Bank, and for other purposes. 8/2/2007--Introduced. United States Employee Ownership Bank Act - Directs the Secretary of the Treasury to establish the United States Employee Ownership Bank to foster increased employee ownership and greater employee participation in company decisionmaking throughout the United States. Requires the Bank to make: (1) loans (subordinated to the interests of all other creditors) and loan guarantees to employees to purchase a business through an employee stock ownership plan or eligible worker-owned cooperative; and (2) grants to states and nonprofit and cooperative organizations with experience in developing employee-owned businesses and worker-owned cooperatives to provide education, outreach, and technical assistance to such employee business efforts. Requires the Bank to insure such loans or loan guarantees against nonrepayment of the outstanding loan [...]

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Latest Action: 08/02/2007 - Read twice and referred to the Committee on Finance. (text of measure as introduced: CR S10806)

Bill Text
A bill to amend the Internal Revenue Code of 1986 to allow bonds guaranteed by the Federal home loan banks to be treated as tax exempt bonds.

8/2/2007--Introduced.

Amends the Internal Revenue Code to allow bonds guaranteed by any federal home loan bank to be treated as tax-exempt state or local bonds (thus excluding interest on such bonds from gross income).

Latest Action: 03/11/2008 - Committee on Banking, Housing, and Urban Affairs. Hearings held.

Bill Text
A bill to establish the National Infrastructure Bank to provide funding for qualified infrastructure projects, and for other purposes.

8/1/2007--Introduced.

National Infrastructure Bank Act of 2007 - Establishes an independent National Infrastructure Bank to: (1) designate qualified transit, public housing, water, highway, bridge, or road infrastructure projects for loans, loan guarantees, and other financial assistance; and (2) issue general purpose and project-based infrastructure bonds exempt from state and local taxation.

H.R.3239 Sponsored by Rick Boucher
Latest Action: 08/24/2007 - Referred to the Subcommittee on Energy and Environment.

Bill Text
To promote advanced plug-in hybrid vehicles and vehicle components. 8/3/2007--Reported to House without amendment, Part I.    (There is 1 other summary) (This measure has not been amended since it was introduced. The summary has been expanded because action occurred on the measure.) Directs the Secretary of Energy to establish a program to: (1) provide loan guarantees for the construction of facilities for the manufacture of advanced vehicle batteries and battery systems; (2) provide grants to state governments, local governments, metropolitan transportation authorities, air pollution control districts, or private or nonprofit entities to carry out projects to encourage the use of plug-in electric drive vehicles or other emerging electric vehicle technologies; (3) provide electric drive transportation education nationwide, including to establish a plug-in hybrid electric vehicle competition known as the Dr. Andrew Frank Plug-in Hybrid Electric [...]

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H.R.3241 Sponsored by Rick Boucher
Latest Action: 08/24/2007 - Referred to the Subcommittee on Energy and Environment.

Bill Text
To clarify the amount of loans to be guaranteed under title XVII of the Energy Policy Act of 2005, and for other purposes. 8/3/2007--Reported to House without amendment, Part I.    (There is 1 other summary) (This measure has not been amended since it was introduced. The summary of that version is repeated here.) Amends the Energy Policy Act of 2005 to: (1) prohibit loan guarantees for innovative technologies from being less than the minimum amount determined by the Secretary of Energy to be likely to attract nonguaranteed investment adequate to capitalize the project; (2) authorize the Secretary to guarantee up to 100 % of any debt obligation of the borrower to fund an eligible project; and (3) prohibit the Secretary from issuing a rule or regulation establishing a lower percentage limit. Conditions such loan guarantee upon reasonable assurances by the borrower that all laborers and mechanics employed by contractors or subcontractors [...]

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H.R.3236 Sponsored by Rick Boucher
Latest Action: 08/03/2007 - Reported by the Committee on Energy and Commerce. H. Rept. 110-304, Part I.

Bill Text
To promote greater energy efficiency. 8/3/2007--Reported to House without amendment, Part I.    (There is 1 other summary) (This measure has not been amended since it was introduced. The summary has been expanded because action occurred on the measure.) Energy Efficiency Improvement Act of 2007 - Title I: Promoting Energy Efficiency - Subtitle A: Appliance Efficiency - (Sec. 101) Amends the Energy Policy and Conservation Act (EPCA) to revise provisions that set energy standards, including standards for specified appliances, boilers, motors, and external power supplies. Provides procedures to amend or make standards. Subtitle B: Lighting Efficiency - (Sec. 121) Instructs the Secretary of Energy to issue regulations prohibiting the sale of: (1) 100 watt general service incandescent lamps after January 1, 2012, unless those lamps emit at least 60 lumens per watt; and (2) general service lamps manufactured after specified [...]

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Latest Action: 09/19/2007 - Referred to the Subcommittee on Early Childhood, Elementary, and Secondary Education.

Bill Text
To amend the Elementary and Secondary Education Act of 1965 and the Higher Education Act of 1965 to improve the ability of the United States to be competitive in a global economy, and for other purposes. 7/31/2007--Introduced. Strengthening America's Innovation and Competitiveness Act - Amends the Elementary and Secondary Education Act of 1965 to authorize the Secretary of Education to award competitive grants to local educational agencies (LEAs) and public or private entities to recruit and train individuals outside of the elementary and secondary education system who have expertise in core academic subjects, particularly mathematics, science, and critical foreign languages, to serve as adjunct secondary school teachers of such subjects. Revises the Advanced Placement Incentive grant program to: (1) require nonprofit grantees to partner with educational agencies; (2) give priority to applicants that increase mathematics, science, or critical foreign language programs [...]

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H.R.3260 Sponsored by Jim McDermott
Latest Action: 07/31/2007 - Referred to the House Committee on Ways and Means.

Bill Text
To require the Secretary of the Treasury to modify regulations to provide that certain Federal subsidies shall not be considered a grant made with respect to a building or its operation for purposes of the low-income housing tax credit. 7/31/2007--Introduced. Directs the Secretary of the Treasury to modify certain Treasury Regulations to provide that none of the following shall be considered a grant made with respect to a building or its operation for purposes of the required reduction of eligible basis by grants received under the low-income housing tax credit: (1) specified rental assistance under the Housing Act of 1949, Housing Act of 1959, and the Cranston-Gonzalez National Affordable Housing Act; (2) loan guarantees for multifamily rental housing in rural area under the Housing Act of 1949; (3) periodic interest reduction payments on behalf of owner of rental or cooperative housing project for low-income families under the National Housing Act; (4) modernization, operating,[...]

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H.R.3220 Sponsored by Nancy Pelosi
Latest Action: 09/19/2007 - Referred to the Subcommittee on Higher Education, Lifelong Learning, and Competitiveness.

Bill Text
Moving the United States toward greater energy independence and security, developing innovative new technologies, reducing carbon emissions, creating green jobs, protecting consumers, increasing clean renewable energy production, and modernizing our energy infrastructure. 7/30/2007--Introduced. New Direction for Energy Independence, National Security, and Consumer Protection Act - Incorporates various legislative initiatives for energy conservation, independence, and security.Green Jobs Act of 2007 - Amends the Workforce Investment Act of 1998 to direct the Secretary of Labor to: (1) establish an energy efficiency and renewable energy worker training program; (2) collect and analyze labor market data to track workforce trends resulting from energy-related initiatives under this Act; and (3) award National Energy Training Partnerships Grants to community based nonprofit organizations to carry out training programs that lead to economic self-sufficiency and develop an [...]

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H.R.3221 Sponsored by Nancy Pelosi
Latest Action: 05/13/2008 - Message on House action received in Senate and at desk: House amendments to Senate amendments.

Bill Text
A bill to provide needed housing reform and for other purposes. 4/10/2008--Passed Senate amended.    (There are 2 other summaries) Foreclosure Prevention Act of 2008 - Title I: FHA Modernization Act of 2008 - FHA Modernization Act of 2008 - Subtitle A: Building American Homeownership - Building American Homeownership Act of 2008 - (Sec. 112) Amends the National Housing Act (NHA) to revise mortgage insurance eligibility requirements. Alters the respective formulas to increase the percentages of the maximum principal loan obligations applicable to family residences located in: (1) the United States; and (2) Alaska, Guam, Hawaii, or the Virgin Islands. Prohibits the maximum principal loan obligation from exceeding 100% of the appraised value of the property. (Sec. 113) Increases from 3% to 3.5% of the appraised value of a property the mortgagor's required cash (or equivalent) investment (downpayment). Prohibits any funds for such [...]

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Latest Action: 08/03/2007 - Received in the Senate. Read twice. Placed on Senate Legislative Calendar under General Orders. Calendar No. 331.