S. 697Senate109th Congress (2005-2007)In Committee

Higher Education Opportunity Through Pell Grant Expansion Act

Introduced April 5, 2005

Legislative Activity

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3 earlier actions
SenateIntro Referral Latest Action

Sponsor introductory remarks on measure. (CR S11909)

October 26, 2005

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SenateIntro Referral

Introduced in Senate

April 5, 2005

SenateIntro Referral

Sponsor introductory remarks on measure. (CR S3205)

April 5, 2005

SenateIntro Referral

Read twice and referred to the Committee on Health, Education, Labor, and Pensions. (text of measure as introduced: CR S3205-3206)

April 5, 2005

SenateIntro Referral

Sponsor introductory remarks on measure. (CR S11909)

October 26, 2005

Floor Debate

23 members

What members said about S. 697 on the floor

11 Republicans12 Democrats
Christopher J. Dodd
Sen. Christopher J. DoddD-CT · Oct 26, 2005

Mr. President, will the Senator yield? Mr. President, I wish to ask a question of my colleague from Iowa, in support of the amendment being offered by the Senator from West Virginia. It was only a…

Arlen Specter
Sen. Arlen SpecterR-PA · Oct 26, 2005

Mr. President, the distinguished Senator from Iowa and I have been conferring on our schedule this morning. We have a number of amendments lined up. The first amendment will be offered by Senator…

Rick Santorum
Sen. Rick SantorumR-PA · Oct 26, 2005

Mr. President, I call up amendment No. 2239. I ask unanimous consent the reading of the amendment be dispensed with. This is an amendment that is to instruct the Department of Health and Human…

Tom Harkin
Sen. Tom HarkinD-IA · Oct 26, 2005

Mr. President, I concur with my chairman in that regard. The only other observation I make, we are not encouraging a lot of amendments. We are just saying if you have amendments come over and do them…

Robert C. Byrd
Sen. Robert C. ByrdD-WV · Oct 26, 2005

Mr. President, I have no objection if the Senator wishes to proceed at this time. Am I recognized? I yield to the Senator, as I may, without any objections, for 10 minutes, and I retain my right to…

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Saxby Chambliss
Sen. Saxby ChamblissR-GA · Oct 26, 2005

Mr. President, I rise in opposition to the amendment of my good friend from Oklahoma. He and I were elected to the House together and we fought many battles over there, not unlike what he has brought…

Hillary Rodham Clinton
Sen. Hillary Rodham ClintonD-NY · Oct 26, 2005

Madam President, I appreciate the chairman's kindness in arranging this. As I understand, we have by unanimous consent set aside the pending amendment. Is that correct? Madam President, I send an…

Conrad R. Burns
Sen. Conrad R. BurnsR-MT · Apr 5, 2005

Mr. President, I rise today to introduce a bill to amend the Elementary and Secondary Education Act with regard to the transfer of students from certain schools. The No Child Left Behind Act of 2001…

Tom Coburn
Sen. Tom CoburnR-OK · Oct 26, 2005

Mr. President, I will be calling up a series of amendments. Before I do that, I visited with the chairman of this subcommittee. I have four amendments to offer. I ask unanimous consent that we not…

Lamar Alexander
Sen. Lamar AlexanderR-TN · Oct 26, 2005

Mr. President, it would be my purpose to introduce an amendment that would increase funding for title I to the level President Bush has recommended. I propose that we set aside the pending amendment…

Jack Reed
Sen. Jack ReedD-RI · Oct 26, 2005

Mr. President, I ask unanimous consent to return to amendment No. 2194, as modified. Mr. President, I send a modification of this amendment to the desk. Mr. President, I ask unanimous consent that…

Jim DeMint
Sen. Jim DeMintR-SC · Oct 26, 2005

Mr. President, I ask unanimous consent that the order for the quorum call be rescinded. I ask unanimous consent to speak for 15 minutes in morning business. If I may, I ask the Chair to notify me…

Daniel K. Akaka
Sen. Daniel K. AkakaD-HI · Apr 5, 2005

Mr. President, I rise today to introduce a bill to re- authorize a critical program for our energy future. It is widely believed that the U.S. must diversify its energy portfolio and explore new…

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Paul S. Sarbanes
Sen. Paul S. SarbanesD-MD · Apr 5, 2005

Mr. President, today I am introducing legislation to establish an Interagency Council on Meeting the Housing and Service Needs of Seniors, which will help the Federal Government work with its…

Johnny Isakson
Sen. Johnny IsaksonR-GA · Oct 26, 2005

Mr. President, I associate myself entirely with the remarks of my colleague, the senior Senator from Georgia, Mr. Chambliss. I rise for two specific reasons. The first is to correct some statements…

Christopher J. Dodd
Sen. Christopher J. DoddD-CT · Apr 5, 2005

Mr. President, I rise today to join Senator Alexander in reintroducing the Prematurity Research Expansion and Education for Mothers Who Deliver Infants Early (PREEMIE) Act--legislation intended to…

Lisa Murkowski
Sen. Lisa MurkowskiR-AK · Apr 5, 2005

Mr. President, I am proud to come to the floor today to introduce legislation of vital importance to our Nation. Enactment of the Methane Hydrate Research and Development Reauthorization Act of 2005…

Richard J. Durbin
Sen. Richard J. DurbinD-IL · Oct 26, 2005

I announce that the Senator from New Jersey (Mr. Corzine), the Senator from Minnesota (Mr. Dayton), and the Senator from Florida (Mr. Nelson) are necessarily absent. Mr. President, I ask unanimous…

Harry Reid
Sen. Harry ReidD-NV · Oct 26, 2005

Mr. President, I came here to speak on another subject, but I have to comment on the statements made by my distinguished colleague. The American people are smart enough to understand what is going on…

Gordon H. Smith
Sen. Gordon H. SmithR-OR · Apr 5, 2005

Mr. President, I rise today to introduce the Long Term Care Quality and Consumer Information Improvement Act of 2005. Medicare spending for skilled nursing facilities grew rapidly during the late…

Mike DeWine
Sen. Mike DeWineR-OH · Apr 5, 2005

Mr. President, today I rise with my colleague, Senator Jack Reed, to reintroduce the Services for Ending Long-Term Homelessness Act. I would like to thank Senator Reed for his support in introducing…

Edward M. Kennedy
Sen. Edward M. KennedyD-MA · Oct 26, 2005

Mr. President, I thank our leaders on education: Senator Byrd on Title I, Senator Dodd on the Head Start program, and Senator Clinton on IDEA. As I did yesterday, I pay tribute to the chairman of the…

Max Baucus
Sen. Max BaucusD-MT · Apr 5, 2005

Mr. President, it is with great pleasure that I join my colleagues Senators Bunning, Johnson and Talent today in introducing legislation that will repeal the special occupational tax on taxpayers who…

Mark Dayton
Sen. Mark DaytonD-MN · Oct 26, 2005

Mr. President, I thank the distinguished chairman of the committee and the distinguished ranking member for ceding me this time. I call up amendment No. 2244. Mr. President, I ask unanimous consent…

Bill Text

Latest available legislative text

Reading Mode
Latest
Introduced in SenateIssued April 5, 2005
        [Congressional Bills 109th Congress]
[From the U.S. Government Publishing Office]
[S. 697 Introduced in Senate (IS)]

109th CONGRESS
1st Session
S. 697

To amend the Higher Education Act of 1965 to improve higher education,
and for other purposes.

_______________________________________________________________________

IN THE SENATE OF THE UNITED STATES

April 5, 2005

Mr. Obama (for himself and Mr. Inouye) introduced the following bill;
which was read twice and referred to the Committee on Health,
Education, Labor, and Pensions

_______________________________________________________________________

A BILL

To amend the Higher Education Act of 1965 to improve higher education,
and for other purposes.

Be it enacted by the Senate and House of Representatives of the
United States of America in Congress assembled,

SECTION 1. SHORT TITLE.

This Act may be cited as the ``Higher Education Opportunity Through
Pell Grant Expansion Act''.

SEC. 2. SENSE OF THE SENATE.

(a) Findings.--The Senate makes the following findings:
(1) Federal Pell Grants are need-based and are used by
5,300,000 undergraduate students to fund their college
educations.
(2) Over 90 percent of Federal Pell Grant recipients come
from a family with a combined income of less than $40,000.
(3) Because of the rising cost of college tuition, the
maximum Federal Pell Grant amount of $4,050 for academic year
2004-2005 is $700 less in real terms than the maximum Federal
Pell Grant amount for academic year 1975-1976.
(4) Federal Pell Grants for academic year 2003-2004 cover
only 23 percent of the total cost of the average 4-year public
college.
(b) Sense of the Senate.--It is the sense of the Senate that--
(1) eligible undergraduate students should receive the
maximum Federal Pell Grant amount established by the amendment
made by section 3(b) of this Act; and
(2) sufficient funds should be appropriated to allow the
awarding of the maximum Federal Pell Grant amount for which
students are eligible pursuant to the amendment made by section
3(b) of this Act.

SEC. 3. FEDERAL PELL GRANTS.

(a) Appropriation of Funds for Federal Pell Grants.--In addition to
any amounts otherwise appropriated to carry out subpart 1 of part A of
title IV of the Higher Education Act of 1965 (20 U.S.C. 1070a) for the
fiscal year ending September 30, 2006, there are authorized to be
appropriated and there are appropriated, out of any money in the
Treasury not otherwise appropriated for the fiscal year ending
September 30, 2006, for carrying out such subpart 1, an additional
$2,000,000,000.
(b) Authorization Amount and Maximum Federal Pell Grant.--Section
401(b)(2)(A) of the Higher Education Act of 1965 (20 U.S.C.
1070a(b)(2)(A)) is amended to read as follows:
``(2)(A)(i) The amount of a Federal Pell Grant for a student
eligible under this part shall be $5,100 for academic year 2005-2006,
less an amount equal to the amount determined to be the expected family
contribution with respect to that student for that year.
``(ii) The Secretary shall cumulatively adjust the amount in clause
(i) every 2 academic years beginning with academic year 2006-2007 to
account for any percentage increase in the Consumer Price Index for All
Urban Consumers published by the Bureau of Labor Statistics of the
Department of Labor.''.

SEC. 4. ALLOWANCE FOR STATE AND OTHER TAXES.

Notwithstanding any other provision of law, the annual updates to
the allowance for State and other taxes in the tables used in the
Federal Needs Analysis Methodology to determine a student's expected
family contribution for the award year 2005-2006 under part F of title
IV of the Higher Education Act of 1965 (20 U.S.C. 1087kk et seq.),
published in the Federal Register on Thursday, December 23, 2004 (69
Fed. Reg. 76926), shall not apply to a student to the extent the
updates will increase the student's expected family contribution under
such part F.

SEC. 5. TERMINATION OF EXCESSIVE ALLOWANCES.

Section 438(b)(2)(B) of the Higher Education Act of 1965 (20 U.S.C.
1087-1(b)(2)(B)) is amended by striking clause (v) and inserting the
following:
``(v) This subparagraph shall not apply
to--
``(I) any loan made or purchased
after the date of enactment of the
Higher Education Opportunity Through
Pell Grant Expansion Act;
``(II) any loan that had not
qualified before such date of enactment
for receipt of a special allowance
payment determined under this
subparagraph; or
``(III) any loan made or purchased
before such date of enactment with
funds described in the first or second
sentence of clause (i) if--
``(aa) the obligation
described in the first such
sentence has, after such date
of enactment, matured, or been
retired or defeased; or
``(bb) the maturity date or
the date of retirement of the
obligation described in the
first such sentence has, after
such date of enactment, been
extended.''.

SEC. 6. WINDFALL PROFIT OFFSET.

Section 438 of the Higher Education Act of 1965 (20 U.S.C. 1087-1)
is further amended by adding at the end the following:
``(g) Windfall Profit Offset.--At the end of every fiscal quarter
for which an eligible lender does not receive a special allowance
payment under this section, the eligible lender shall pay to the
Secretary of the Treasury for deposit into the Treasury as
miscellaneous receipts a windfall profit offset payment for the fiscal
quarter equal to the amount by which--
``(1) the aggregate amount of all payments of interest
received by the eligible lender from borrowers on all loans
made, insured, or guaranteed under this part during the fiscal
quarter; exceeds
``(2) interest guaranteed the lender under this section for
the fiscal quarter, irrespective of the amount received under
subparagraph (A).''.
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