S.2366 - Interest Rate Reduction Act112th Congress (2011-2012)
|Sponsor:||Sen. Alexander, Lamar [R-TN] (Introduced 04/25/2012)|
|Latest Action:||04/25/2012 Introduced in the Senate. Read twice. Ordered Placed on Senate Legislative Calendar under General Orders. Calendar No. 370. (All Actions)|
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Summary: S.2366 — 112th Congress (2011-2012)All Bill Information (Except Text)
Introduced in Senate (04/25/2012)
Interest Rate Reduction Act - Amends title IV (Student Assistance) of the Higher Education Act of 1965 to make the 3.4% interest rate on Direct Stafford loans first disbursed to undergraduate students between July 1, 2011, and July 1, 2012, applicable to Direct Stafford loans first disbursed to undergraduate students between July 1, 2011, and July 1, 2013.
Amends the Patient Protection and Affordable Care Act to repeal provisions establishing and appropriating funds to the Prevention and Public Health Fund (a Fund to provide for expanded and sustained national investment in prevention and public health programs to improve health and help restrain the rate of growth in private and public sector health care costs). Rescinds any unobligated balances appropriated to such Fund.