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.
Short title
This Act may be cited as the
Interest Rate Reduction
Act
.
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—
in the matter
preceding clause (i), by striking 2012
and inserting
2013
; and
in clause (v), by
striking 2012
and inserting 2013
.
Repealing prevention and public health fund
In general
Section 4002 of the Patient Protection and Affordable Care Act (42 U.S.C. 300u–11) is repealed.
Rescission of unobligated funds
Of the funds made available by such section 4002, the unobligated balance is rescinded.
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