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H.Amdt. 1004

AmendmentFederalHousePassed
H.Amdt.1004 - Manager's amendment made technical and conforming changes to the bill; stated that loan limit increases available under this Act are available only to students meeting the requirements of section 484(a) of the HEA; targeted the loan limit increases to those students and families in most need; in regard to school-wide lender-of-last-resort eligibility, specified that the Secretary of Education shall determine whether a school qualifies and provided criteria for the Secretary to consider in making the determination; specified that funds received by lenders from loan sales be used to originate new loans; clarified that the Secretary has the authority to enter into forward commitments to purchase new loans; and clarified that, at the discretion of the Secretary, a loan purchased by the Secretary may continue to be serviced by the current lender.
About This Bill
Passed
Latest Action · April 17, 2008
On agreeing to the Miller, George amendment (A001) Agreed to by recorded vote: 413 - 0 (Roll no. 203).
Congress
110th (2007–2009)
Introduced
April 17, 2008
Cosponsors (0)
None

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