3.0.0 4035 2023-01-11T20:22:30Z 2023-01-11T20:22:30Z House H HR 2007-10-31 110 hsed00 Education and the Workforce Committee House Standing Referred to 2007-10-31T14:05:35Z 2007-10-31 Referred to the House Committee on Education and Labor. IntroReferral H11100 2 House floor actions hsed00 Education and the Workforce Committee 2007-10-31 Sponsor introductory remarks on measure. (CR E2292) IntroReferral B00100 9 Library of Congress 2007-10-31 Introduced in House IntroReferral Intro-H 9 Library of Congress 2007-10-31 Introduced in House IntroReferral 1000 9 Library of Congress P000265 Rep. Petri, Thomas E. [R-WI-6] TOM PETRI R WI 6 N Education Auctions Congress Congressional investigations Economics and Public Finance Federally-guaranteed loans Finance and Financial Sector Government Operations and Politics Governmental investigations Higher education Interest rates Student loan funds Education 00 2007-10-31 Introduced in House 2008-01-29T18:14:20Z Student Loan Auction Market Act - Directs the Secretary of Education (Secretary) and the Secretary of the Treasury to conduct a planning study of alternative market-based mechanisms for setting lenders' yields on Federal Family Education Loans under part B of title IV of the Higher Education Act of 1965.

Requires such study to be followed by a limited two-year pilot program testing the mechanisms which the study finds most promising in ensuring loan availability, minimizing administrative complexity, and reducing federal costs. Allows the Secretary to implement on a program-wide basis the auction-based system proven to satisfy such criteria, after an independent evaluation by the Government Accountability Office (GAO) of the pilot program, as well as the Competitive Loan Auction Pilot program established under the College Cost Reduction and Access Act.

]]> To study, pilot, and implement a comprehensive, structural, market-based reform to the Federal Family Education Loan Program to reduce costs to taxpayers and improve program efficiency. Official Title as Introduced To study, pilot, and implement a comprehensive, structural, market-based reform to the Federal Family Education Loan Program to reduce costs to taxpayers and improve program efficiency. Introduced in House IH Display Title To study, pilot, and implement a comprehensive, structural, market-based reform to the Federal Family Education Loan Program to reduce costs to taxpayers and improve program efficiency. Introduced in House 2007-10-31T04:00:00Z https://www.govinfo.gov/content/pkg/BILLS-110hr4035ih/xml/BILLS-110hr4035ih.xml 2007-10-31 Referred to the House Committee on Education and Labor. text/xml EN Pursuant to Title 17 Section 105 of the United States Code, this file is not subject to copyright protection and is in the public domain. Congressional Research Service, Library of Congress This file contains bill summaries and statuses for federal legislation. A bill summary describes the most significant provisions of a piece of legislation and details the effects the legislative text may have on current law and federal programs. Bill summaries are authored by the Congressional Research Service (CRS) of the Library of Congress. As stated in Public Law 91-510 (2 USC 166 (d)(6)), one of the duties of CRS is "to prepare summaries and digests of bills and resolutions of a public general nature introduced in the Senate or House of Representatives". For more information, refer to the User Guide that accompanies this file.