H.R. 4480House113th Congress (2013-2015)In Committee

Protecting Educational Loans for Underserved Students Act

Introduced April 10, 2014

Legislative Activity

Stay on top of the latest movement without scrolling through every action

2 earlier actions
HouseCommittee Latest Action

Referred to the Subcommittee on Higher Education and Workforce Training.

June 13, 2014

View full timeline
HouseIntro Referral

Introduced in House

April 10, 2014

HouseIntro Referral

Referred to the House Committee on Education and the Workforce.

April 10, 2014

HouseCommittee

Referred to the Subcommittee on Higher Education and Workforce Training.

June 13, 2014

Floor Debate

24 members

What members said about H.R. 4480 on the floor

11 Republicans13 Democrats
Doc Hastings
Rep. Doc HastingsR-WA-4 · Nov 19, 2013

Mr. Speaker, I ask unanimous consent that all Members may have 5 legislative days in which to revise and extend their remarks and include extraneous material on H.R. 1965. Madam Chair, I yield myself…

Henry A. Waxman
Rep. Henry A. WaxmanD-CA-33 · Mar 5, 2014

Mr. Chairman, I yield myself such time as I may consume. Mr. Chairman, Kofi Annan, the former Secretary-General of the United Nations wrote in The Washington Post earlier this year: Climate change is…

Sheila Jackson Lee
Rep. Sheila Jackson LeeD-TX-18 · Nov 19, 2013

Mr. Chairman, I have an amendment at the desk. Let me thank Mr. Holt and Mr. Hastings and the Rules Committee for admitting this amendment. Mr. Chairman, we could all engage in discussions about our…

Rush Holt
Rep. Rush HoltD-NJ-12 · Nov 19, 2013

Madam Chair, I rise in opposition to this misguided, unnecessary, and environmentally harmful piece of legislation and yield myself such time as I may consume. We all know that under President Obama…

Ed Whitfield
Rep. Ed WhitfieldR-KY-1 · Mar 5, 2014

Mr. Speaker, I ask unanimous consent that all Members may have 5 legislative days to revise and extend their remarks and to include extraneous material on H.R. 3826. Mr. Chair, I yield myself such…

Show 8 more
Peter A. DeFazio
Rep. Peter A. DeFazioD-OR-4 · Nov 19, 2013

I thank the gentleman. Mr. Chairman, I was listening with interest to some of the statements made earlier in the debate about the administration deliberately restraining the oil and gas industry in…

Lois Capps
Rep. Lois CappsD-CA-24 · Mar 5, 2014

Mr. Chairman, I thank my colleague for yielding. There is an argument on the other side of the aisle--in fact, we heard it just a few minutes ago--that we shouldn't take action to address climate…

David B. McKinley
Rep. David B. McKinleyR-WV-1 · Mar 5, 2014

Mr. Chairman, I have an amendment at the desk. Mr. Chairman, under this legislation, the EPA is required to submit a report to Congress regarding the impacts this proposed regulation will have on the…

Jared Polis
Rep. Jared PolisD-CO-2 · Nov 19, 2013

Mr. Chairman, I have an amendment at the desk. Mr. Chairman, I yield myself such time as I may consume. Mr. Chairman, I offer my amendment along with Representative Huffman from California. It is a…

Doug Lamborn
Rep. Doug LambornR-CO-5 · Nov 19, 2013

Madam Chairman, I thank the chairman of the committee, Doc Hastings. I rise in strong support of H.R. 1965, the Federal Lands Jobs and Energy Security Act, which incorporates four additional bills…

Shelley Moore Capito
Rep. Shelley Moore CapitoR-WV-2 · Mar 5, 2014

I have an amendment at the desk, Mr. Chair. Mr. Chair, I rise to say that my amendment is a simple clarifying amendment that goes right along the discussion we were just having with the previous…

Steny H. Hoyer
Rep. Steny H. HoyerD-MD-5 · Nov 19, 2013

Madam Chair, I thank the gentleman from New Jersey for yielding. Madam Chair, this bill, and the other two House bills we will consider this week, were put forward, in my opinion, to fill time. Yes,…

Alan S. Lowenthal
Rep. Alan S. LowenthalD-CA-47 · Nov 19, 2013

Mr. Chairman, I have an amendment at the desk. Mr. Chairman, I yield myself such time as I may consume. The amendment I offer today maintains the Interior Department's ability to review oil and gas…

Show 11 more
Nick J. Rahall II
Rep. Nick J. Rahall IID-WV-3 · Mar 5, 2014

Mr. Chairman, I appreciate the ranking member of the Energy and Commerce Committee yielding me this time, especially since we do not see eye to eye on this particular piece of legislation. We do see…

Don Young
Rep. Don YoungR-AK · Nov 19, 2013

Madam Chairman, it is amazing as I sit on this floor after 40 years of listening to so much nonsense from the other side when it comes to energy. This increase of production in the United States came…

Earl Blumenauer
Rep. Earl BlumenauerD-OR-3 · Mar 5, 2014

Thank you, Mr. Waxman. I appreciate your leadership and courtesy in permitting me to speak on this bill. Mr. Chair, I would like to reference the comments a moment ago that somehow there isn't…

Lamar Smith
Rep. Lamar SmithR-TX-21 · Mar 5, 2014

Mr Chairman, I have an amendment at the desk. Mr. Chairman, I yield myself such time as I may consume. Mr. Chairman, we should not stand by and let the EPA tear down America one regulation at a time,…

Scott R. Tipton
Rep. Scott R. TiptonR-CO-3 · Nov 19, 2013

Thank you, Mr. Chairman, for yielding me time on this critical matter. I appreciate that my Planning for American Energy Act was incorporated as title II of the Federal Lands Jobs and Energy Security…

Janice D. Schakowsky
Rep. Janice D. SchakowskyD-IL-9 · Mar 5, 2014

Mr. Chair, I offer an amendment. Mr. Chairman, I yield myself 4 minutes. My dear colleagues, this is the simplest of simple amendments. It asks of this House only one thing, to acknowledge the truth…

Jerry McNerney
Rep. Jerry McNerneyD-CA-9 · Mar 5, 2014

Mr. Chairman, I thank the ranking member for yielding to me, and I want to talk about this bill, H.R. 3826. Basically from where I can see, H.R. 3826 will essentially prevent the EPA from limiting…

Kevin McCarthy
Rep. Kevin McCarthyR-CA-23 · Mar 5, 2014

Mr. Chairman, in 2008 in an interview with the San Francisco Chronicle, President Obama warned us that under his policies for energy, ``electricity rates will necessarily skyrocket.'' Now it appears…

John D. Dingell
Rep. John D. DingellD-MI-12 · Nov 19, 2013

Madam Chairman, I rise first to pay respects to the distinguished gentleman on the majority side handling the legislation to tell him that I have affection and respect for him, but he is handling a…

Fred Upton
Rep. Fred UptonR-MI-6 · Mar 5, 2014

Mr. Chairman, today, we are going to continue our pursuit of an all-of-the-above energy strategy, taking up legislation to address the EPA's pending greenhouse gas rules for power plants, which is…

Mike Kelly
Rep. Mike KellyR-PA-3 · Mar 5, 2014

Mr. Chairman, I am a cosponsor of the Electricity Security and Affordability Act. We have heard a lot of rhetoric on the floor about what is going on, but I want you to understand something. In…

Bill Text

Latest available legislative text

Reading Mode
Latest
Introduced in HouseIssued April 10, 2014

I

113th CONGRESS

2d Session

H. R. 4480

IN THE HOUSE OF REPRESENTATIVES

April 10, 2014

Mr. Richmond (for himself, Mr. Al Green of Texas, Mr. Hastings of Florida, Mr. Carson of Indiana, Ms. Lee of California, Mr. Thompson of Mississippi, Mr. Rush, Mr. Fattah, Ms. Brown of Florida, Mr. Danny K. Davis of Illinois, Mr. David Scott of Georgia, Mr. Payne, Mrs. Christensen, Ms. Eddie Bernice Johnson of Texas, Ms. Norton, Mr. Cummings, Mr. Cleaver, Ms. Wilson of Florida, Mr. Butterfield, Mr. Meeks, Ms. Moore, Mr. Jeffries, Mr. Johnson of Georgia, Ms. Jackson Lee, Mr. Clyburn, Mr. Conyers, Mrs. Beatty, Ms. Bass, Mr. Ellison, Mr. Veasey, Ms. Fudge, Ms. Waters, Mr. Clay, Ms. Kelly of Illinois, Mr. Bishop of Georgia, Ms. Sewell of Alabama, and Ms. Clarke of New York) introduced the following bill; which was referred to the Committee on Education and the Workforce

A BILL

To amend adverse credit history determinations for purposes of Federal Direct PLUS Loan eligibility.

1.

Short title

This Act may be cited as the Protecting Educational Loans for Underserved Students Act.

2.

Adverse credit history determinations for Federal Direct PLUS Loan eligibility

Section 455 of the Higher Education Act of 1965 (20 U.S.C. 1087e) is amended by adding at the end the following:

(r)

Federal Direct PLUS Loans

(1)

In general

Beginning July 1, 2014, in determining the eligibility of a student to borrow Federal Direct PLUS Loans, the Secretary shall determine whether the student has an adverse credit history in accordance with paragraph (2).

(2)

Determination of adverse credit history

In determining whether a student has an adverse credit history for purposes of paragraph (1), the Secretary—

(A)

shall obtain a credit report on the student from at least one consumer reporting agency described under section 603(p) of the Fair Credit Reporting Act (15 U.S.C. 1681a(p)) and within a timeframe that would ensure the most accurate, current representation of the student’s credit history before the first day of the period of enrollment for which the loan is intended;

(B)

unless the Secretary determines that the student has extenuating circumstances, shall consider that a student has an adverse credit history based on the student’s credit report, if—

(i)

the student is considered 90 or more days delinquent on the repayment of a debt exceeding $2,000; or

(ii)

during the 3 years before the date of the credit report, the student has been the subject of a—

(I)

default determination;

(II)

bankruptcy discharge;

(III)

foreclosure;

(IV)

repossession;

(V)

tax lien;

(VI)

wage garnishment; or

(VII)

write-off of a debt under this title;

(C)

shall not consider a student with debt that is unrelated to loans made under this title and that, as of the date of the student’s credit report, are in collections or have been charged off, to have an adverse credit history and shall not deny a Federal Direct PLUS Loan to the student for having such debt;

(D)

shall require that any student described in subparagraph (C) or a student who has been the subject of 1 or more of the actions described in subclauses (I) through (VII) of subparagraph (B)(ii) during a period ending more than 3 years before the date of the student’s credit report, to participate in loan counseling provided by the applicable institution of higher education as a condition of being eligible to receive a Federal Direct PLUS Loan;

(E)

shall not consider a student with no credit history as an individual with an adverse credit history, and shall not use a student’s absence of credit history as a reason to deny a Federal Direct PLUS Loan to such student;

(F)

shall retain a record of the Secretary’s basis for determining that the student has extenuating circumstances under subparagraph (B), which may include an updated credit report, debt related to a medical condition, a statement from a creditor that the student has made satisfactory arrangements to repay the debt owed to the creditor, a satisfactory statement from the student explaining any delinquencies with outstanding balances of less than $2,000, or a reduction of the credit requirements under this subsection in response to a natural disaster or poor economic conditions that are unforeseen or prolonged; and

(G)

in a case in which the Secretary determines that a student does not to have an adverse credit history in accordance with this subsection, shall consider such determination to be in effect for a 2-year period beginning on the date the Secretary makes such determination.

(3)

Definition

For purposes of this subsection, the term student means a graduate or professional student or the parents of a dependent student.

.

3.

Inapplicability of title IV negotiated rulemaking requirement and master calendar exception

Sections 482(c) and 492 of the Higher Education Act of 1965 (20 U.S.C. 1089(c), 1098a) shall not apply to the amendment made by section 2, or to any regulations promulgated under such amendment.