S. 2366Senate112th Congress (2011-2013)Introduced

Interest Rate Reduction Act

Introduced April 25, 2012

Legislative Activity

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Introduced in the Senate. Read twice. Ordered Placed on Senate Legislative Calendar under General Orders. Calendar No. 370.

April 25, 2012

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SenateIntro Referral

Introduced in Senate

April 25, 2012

SenateIntro Referral

Sponsor introductory remarks on measure. (CR S2733-2734)

April 25, 2012

SenateCalendars

Introduced in the Senate. Read twice. Ordered Placed on Senate Legislative Calendar under General Orders. Calendar No. 370.

April 25, 2012

Floor Debate

22 members

What members said about S. 2366 on the floor

12 Republicans9 Democrats1 Independent
James M. Inhofe
Sen. James M. InhofeR-OK · Apr 25, 2012

Would the Senator yield for a unanimous consent request? I do not want to change the Senator's line of thought. It was beautiful and I want to hear every word. Madam President, I ask unanimous…

Tom Harkin
Sen. Tom HarkinD-IA · May 23, 2012

Mr. President, I thank the Senator from Utah for his concluding remarks regarding the amendment that I assume will be offered by the Senator from Illinois, as it is cleared to be offered. I thank…

Benjamin L. Cardin
Sen. Benjamin L. CardinD-MD · May 23, 2012

Madam President, I ask unanimous consent that the pending amended be set aside so that I may call up amendment No. 2125. Madam President, I ask unanimous consent that that amendment be set aside so I…

Richard J. Durbin
Sen. Richard J. DurbinD-IL · Apr 25, 2012

Madam President, I ask unanimous consent that the order for the quorum call be rescinded. Madam President, I ask unanimous consent to speak as in morning business. Madam President, next month…

Orrin G. Hatch
Sen. Orrin G. HatchR-UT · May 23, 2012

Mr. President, I rise to discuss my amendment that would repeal the costly and counterproductive medical device tax in President Obama's health care law. In the mad scramble to find money to pay for…

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Patty Murray
Sen. Patty MurrayD-WA · May 23, 2012

Mr. President, I ask unanimous consent to speak for 15 minutes in morning business and not to take time away from the debate on the bill. Mr. President, I have had a conversation with them---- Mr.…

John Cornyn
Sen. John CornynR-TX · Apr 25, 2012

Madam President, I know we have not yet concluded the postal reform bill, but I come to the floor to speak on an amendment I intend to offer on the reauthorization of the Violence Against Women Act.…

Richard J. Durbin
Sen. Richard J. DurbinD-IL · May 23, 2012

Mr. President, I call up amendment No. 2127. Mr. President, this amendment is very straightforward. I will not ask for a show of hands among Senators, staff, or those who are following this debate,…

Bernard Sanders
Sen. Bernard SandersI-VT · May 23, 2012

Mr. President, I thank the chairman for his hard work on this legislation and for the opportunity to talk about what I consider to be a very important amendment. I ask unanimous consent to call up my…

Lisa Murkowski
Sen. Lisa MurkowskiR-AK · May 23, 2012

Madam President, I ask unanimous consent to call up amendment No. 2108. Madam President, I ask unanimous consent that the reading of the amendment be dispensed with. Madam President, I rise today to…

Tom Udall
Sen. Tom UdallD-NM · Apr 25, 2012

Mr. President, I rise today to express my support for the Violence Against Women Reauthorization Act. Specifically, I want to talk about how crucial the tribal provisions in this bill are for Native…

Lamar Alexander
Sen. Lamar AlexanderR-TN · Apr 25, 2012

Mr. President, I would like to talk a little bit more specifically this morning about the issue of interest rates on student loans. President Obama is busy this week traveling to campuses across…

Lamar Alexander
Sen. Lamar AlexanderR-TN · Apr 25, 2012

Mr. President, I would like to talk a little bit more specifically this morning about the issue of interest rates on student loans. President Obama is busy this week traveling to campuses across…

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Michael B. Enzi
Sen. Michael B. EnziR-WY · May 23, 2012

On this amendment, I appreciate the concern, the interest, and the effort the Senator from Illinois has gone to on this bill. But in looking at it, there is still a couple of steps missing if this…

Tom Coburn
Sen. Tom CoburnR-OK · May 23, 2012

I ask unanimous consent that the pending amendment be set aside and that Coburn amendment No. 2131 be called up. It is my understanding that the time is under our control. At present, there is 10…

Mitch McConnell
Sen. Mitch McConnellR-KY · Apr 25, 2012

Madam President, before the Senator from Texas leaves the floor, I was going to ask that I be added as a cosponsor to his very worthwhile amendment. Student Loan Debt Madam President, one of the most…

Chuck Grassley
Sen. Chuck GrassleyR-IA · May 23, 2012

Mr. President, I rise for the purpose of calling up amendment No. 2129. Mr. President, I ask unanimous consent that the reading of the amendment be dispensed with. Mr. President, first of all, I…

Richard Burr
Sen. Richard BurrR-NC · May 23, 2012

What is the pending business on the Senate floor? I ask unanimous consent to set aside the pending amendment and to call up amendment No. 2130. Madam President, let me reiterate what my colleague…

John Barrasso
Sen. John BarrassoR-WY · Apr 25, 2012

Madam President, week after week, I have come to the floor to give a doctor's second opinion about the health care law. I tell my colleague from Tennessee that I should have him join me on a weekly…

Jerry Moran
Sen. Jerry MoranR-KS · Apr 25, 2012

Madam President, as certainly every Kansan and all Americans know, our gas prices are on the rise and the U.S. economy continues to struggle. I believe one of the most important things Congress can…

Al  Franken
Sen. Al Franken D-MN · May 23, 2012

Thank you, Madam President. Madam President, I wish to thank my friends on both sides of---- I wish to speak on the FDA bill. Not on an amendment, just on the bill overall. Well, about 10 minutes. I…

Sheldon Whitehouse
Sen. Sheldon WhitehouseD-RI · May 23, 2012

Mr. President, I rise today to speak in support of the Food and Drug Safety and Innovation Act. This measure includes a number of important reforms to promote the development of new treatments for…

Michael F. Bennet
Sen. Michael F. BennetD-CO · May 23, 2012

I would like to try for 10 minutes but if I can do it shorter---- I thank the Senator from Iowa, the chairman of the HELP Committee, for his indulgence. Yesterday I spoke about some of the process on…

Amy Klobuchar
Sen. Amy KlobucharD-MN · May 23, 2012

Mr. President, this bill means so much to my State. I spoke earlier today about the need to improve the approval process at the FDA, and this bill will speed that up with the agreement reached…

Bill Text

Latest available legislative text

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Placed on Calendar SenateIssued April 25, 2012

II

Calendar No. 370

112th CONGRESS

2d Session

S. 2366

IN THE SENATE OF THE UNITED STATES

April 25, 2012

Mr. Alexander (for himself, Mr. McConnell, Mr. Enzi, Mr. Kyl, Mr. Cornyn, Mr. Wicker, Mr. Inhofe, Mr. Barrasso, Mrs. Hutchison, Mr. Blunt, Mr. Hoeven, Mr. Johanns, Mr. Coats, and Mr. Isakson) introduced the following bill; which was read twice and ordered placed on the calendar

A BILL

To extend student loan interest rates for undergraduate Federal Direct Stafford Loans.

1.

Short title

This Act may be cited as the Interest Rate Reduction Act.

2.

Interest rate extension

Subparagraph (D) of section 455(b)(7) 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 2012 and inserting 2013; and

(2)

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

3.

Repealing prevention and public health fund

(a)

In general

Section 4002 of the Patient Protection and Affordable Care Act (42 U.S.C. 300u–11) is repealed.

(b)

Rescission of unobligated funds

Of the funds made available by such section 4002, the unobligated balance is rescinded.

4.

Compliance with Statutory Pay-As-You-Go Act of 2010

The budgetary effects of this Act, for the purpose of complying with the Statutory Pay-As-You-Go Act of 2010, shall be determined by reference to the latest statement titled Budgetary Effects of PAYGO Legislation for this Act, submitted for printing in the Congressional Record by the Chairman of the House Budget Committee, provided that such statement has been submitted prior to the vote on passage.

April 25, 2012

Read twice and ordered placed on the calendar