H.R. 4816House112th Congress (2011-2013)In Committee

Stop the Rate Hike Act of 2012

Introduced April 25, 2012

Legislative Activity

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2 earlier actions
HouseCommittee Latest Action

Referred to the Subcommittee on Higher Education and Workforce Training.

September 26, 2012

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HouseIntro Referral

Introduced in House

April 25, 2012

HouseIntro Referral

Referred to the Committee on Ways and Means, and in addition to the Committee on Education and the Workforce, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.

April 25, 2012

HouseCommittee

Referred to the Subcommittee on Higher Education and Workforce Training.

September 26, 2012

Floor Debate

22 members

What members said about H.R. 4816 on the floor

7 Republicans15 Democrats
Rob Woodall
Rep. Rob WoodallR-GA-7 · May 8, 2012

Mr. Speaker, by direction of the Committee on Rules, I call up House Resolution 643 and ask for its immediate consideration. Mr. Speaker, for the purpose of debate only, I yield the customary 30…

Donna F. Edwards
Rep. Donna F. EdwardsD-MD-4 · Apr 27, 2012

Mr. Speaker, I rise today, I thought, not to speak personally, but as I listened to the gentleman from Florida, as I have listened to Members as they've taken the floor today, I thought I'd like to…

Jared Polis
Rep. Jared PolisD-CO-2 · Jun 20, 2012

Madam Speaker, I thank the gentleman for yielding me the customary 30 minutes, and I yield myself such time as I may consume. Madam Speaker, I rise in opposition to the rule and the underlying bill,…

Richard B. Nugent
Rep. Richard B. NugentR-FL-5 · Apr 26, 2012

Mr. Speaker, by direction of the Committee on Rules, I call up House Resolution 631 and ask for its immediate consideration. Mr. Speaker, for the purpose of debate only, I yield the customary 30…

Jared Polis
Rep. Jared PolisD-CO-2 · Apr 26, 2012

I thank the gentleman from Florida for yielding me the customary 30 minutes, and I yield myself such time as I may consume. Mr. Speaker, I rise today in opposition to the rule and the underlying…

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Alcee L. Hastings
Rep. Alcee L. HastingsD-FL-23 · May 8, 2012

Mr. Speaker, I yield myself such time as I may consume. And, again, I thank my friend and colleague, Mr. Woodall, for yielding me the customary 30 minutes. I also appreciated his comments about the…

Tim Ryan
Rep. Tim RyanD-OH-17 · Apr 27, 2012

I thank the gentlelady, who is also a graduate of the University of New Hampshire Law School--two proud graduates. I would just like to chime in and talk a little bit because Ohio is a State that,…

Rob Bishop
Rep. Rob BishopR-UT-1 · Jun 20, 2012

Madam Speaker, by direction of the Committee on Rules, I call up House Resolution 691 and ask for its immediate consideration. Madam Speaker, for the purposes of debate only, I yield the customary 30…

Eleanor Holmes Norton
Rep. Eleanor Holmes NortonD-DC · Apr 27, 2012

I want to thank my very good friend from Maryland, Congresswoman Edwards. It's so typical of her to come to the floor on an urgent issue like this. I have to chuckle when you say about my having been…

Mac Thornberry
Rep. Mac ThornberryR-TX-13 · Apr 26, 2012

I appreciate the gentleman from Florida for yielding to me. I rise in support of the rule and the cyber bill that it brings to the floor, as well as the other cyber bills which the House will…

David N. Cicilline
Rep. David N. CicillineD-RI-1 · Apr 27, 2012

I thank my colleague, Ms. Edwards, for having this conversation this evening and to say how important it is for me and the residents of my State, the State of Rhode Island. Rhode Island is, of…

Nancy Pelosi
Rep. Nancy PelosiD-CA-8 · Apr 26, 2012

I thank the gentleman for yielding and for giving us this opportunity to talk about a choice we have here today. Everybody knows that what is essential to a democracy is the education of our…

John F. Tierney
Rep. John F. TierneyD-MA-6 · May 8, 2012

I thank the gentleman for acknowledging this. Americans need to know that their family member is going to be able to afford a college degree, whether it is a 2-year degree or a 4-year degree. Too…

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Mazie K. Hirono
Rep. Mazie K. HironoD-HI-2 · Apr 26, 2012

Mr. Speaker, ``Don't double my rate.'' I've heard this message loud and clear from college students in Hawaii and across the country. If Congress does not act, almost 17,000 student loan borrowers in…

Betty McCollum
Rep. Betty McCollumD-MN-4 · May 8, 2012

Mr. Speaker, I rise today in strong opposition to H.R. 4628, which places partisan politics ahead of America's students and the health of Minnesota communities. If Congress does not act by July 1,…

George Miller
Rep. George MillerD-CA-7 · May 8, 2012

I thank the gentleman from Florida for yielding. Mr. Speaker, I rise today in opposition to this rule. This rule provides for the consideration of the Commerce-Justice appropriations, but it adds…

Mike Coffman
Rep. Mike CoffmanR-CO-6 · Jun 20, 2012

Madam Speaker, this act removes the obstacles that are blocking our efforts to achieve greater American energy production and job creation by providing more certainty and clarity to the public lands…

Yvette D. Clarke
Rep. Yvette D. ClarkeD-NY-11 · Apr 27, 2012

I thank the gentlelady for yielding. Today, the House passed H.R. 4628, the Interest Rate Reduction Act, or, as I like to refer to it, the ``take from the poor--give to the poor not in our interest…

Edward J. Markey
Rep. Edward J. MarkeyD-MA-7 · Jun 20, 2012

Madam Speaker, I thank the gentleman very much. This bill represents the latest Republican attempt to give away our public lands to the wealthiest oil companies in the world. This bill is the…

Marsha Blackburn
Rep. Marsha BlackburnR-TN-7 · Jun 20, 2012

I thank the gentleman from Utah for yielding the time. I am so pleased, Madam Speaker, that we are pushing forward on some bills that are going to actually create the environment for jobs growth to…

Ralph M. Hall
Rep. Ralph M. HallR-TX-4 · Jun 20, 2012

Madam Speaker, I rise in support of H.R. 4480, the Domestic Energy and Jobs Act, a proactive piece of legislation that encourages and expands production of our vast domestic resources to help put…

Adam B. Schiff
Rep. Adam B. SchiffD-CA-29 · Apr 26, 2012

I thank the gentleman for yielding. Mr. Speaker, I rise in reluctant opposition to this rule and to the underlying bill in its current form. I greatly appreciate the nonpartisan work on the issue by…

Kathy Castor
Rep. Kathy CastorD-FL-11 · Jun 20, 2012

I thank the gentleman from Colorado for yielding the time. Madam Speaker and colleagues, I rise to oppose the rule and the underlying bill for three primary reasons. First, the package is very poor…

John F. Tierney
Rep. John F. TierneyD-MA-6 · Jun 20, 2012

I thank the gentleman for yielding. At the end of this month, the student Federal loan interest rate is set to double from 3.4 percent to 6.8 percent. It's an urgent deadline for more than 7 million…

Bill Text

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Introduced in HouseIssued April 25, 2012

I

112th CONGRESS

2d Session

H. R. 4816

IN THE HOUSE OF REPRESENTATIVES

April 25, 2012

Mr. Tierney (for himself, Mr. Bishop of New York, Mr. Courtney, Mr. George Miller of California, Mr. Hinojosa, Mr. Levin, Mr. Stark, Mr. Kildee, Mr. Peters, Ms. Chu, Ms. Sewell, Mr. Pascrell, Mr. Holt, and Ms. Slaughter) introduced the following bill; which was referred to the Committee on Ways and Means, and in addition to the Committee on Education and the Workforce, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned

A BILL

To amend the Higher Education Act of 1965 to extend the reduced interest rate for Federal Direct Stafford Loans, and for other purposes.

1.

Short title

This Act may be cited as the Stop the Rate Hike Act of 2012.

2.

Interest rate extension

Section 455(b)(7)(D) of the Higher Education Act of 1965 (20 U.S.C. 1087e(b)(7)(D)) is amended—

(1)

in the matter preceding clause (i), by striking and before July 1, 2012, and inserting and before July 1, 2013,; and

(2)

in clause (v), by striking and before July 1, 2012, and inserting and before July 1, 2013,.

3.

Deduction for income attributable to domestic production activities not allowed with respect to oil and gas activities of major integrated oil companies

(a)

In general

Subparagraph (A) of section 199(d)(9) of the Internal Revenue Code of 1986 is amended by inserting (9 percent in the case of any major integrated oil company (as defined in section 167(h)(5))) after 3 percent.

(b)

Effective date

The amendment made by subsection (a) shall apply to taxable years beginning after the date of the enactment of this Act.