3.0.0 7072 2021-04-20T15:27:17Z 2021-04-20T15:27:17Z House H HR 2008-09-25 110 hsed00 Education and the Workforce Committee House Standing Referred to 2008-09-25T14:05:10Z 2008-09-25 Referred to the House Committee on Education and Labor. IntroReferral H11100 2 House floor actions hsed00 Education and the Workforce Committee 2008-09-25 Introduced in House IntroReferral Intro-H 9 Library of Congress 2008-09-25 Introduced in House IntroReferral 1000 9 Library of Congress M000508 Rep. McKeon, Howard P. "Buck" [R-CA-25] HOWARD MCKEON R CA P. 25 N K000361 Rep. Keller, Ric [R-FL-8] RIC KELLER R FL 8 2008-09-25 True H000676 Rep. Hoekstra, Peter [R-MI-2] PETER HOEKSTRA R MI 2 2008-09-25 True P000585 Rep. Platts, Todd Russell [R-PA-19] TODD PLATTS R PA RUSSELL 19 2008-09-25 True W000795 Rep. Wilson, Joe [R-SC-2] Joe Wilson R SC 2 2008-09-25 True K000363 Rep. Kline, John [R-MN-2] John Kline R MN 2 2008-09-25 True M001158 Rep. Marchant, Kenny [R-TX-24] Kenny Marchant R TX 24 2008-09-25 True F000452 Resident Commissioner Fortuno, Luis G. [R-PR-At Large] Luis Fortuno R PR G. 0 2008-09-25 True B001255 Rep. Boustany, Charles W., Jr. [R-LA-7] Charles Boustany R LA W. 7 2008-09-25 True B001250 Rep. Bishop, Rob [R-UT-1] Rob Bishop R UT 1 2008-09-25 True D000606 Rep. Davis, David [R-TN-1] David Davis R TN 1 2008-09-25 True B001232 Rep. Biggert, Judy [R-IL-13] JUDY BIGGERT R IL 13 2008-09-25 True Education Debtor and creditor Federally-guaranteed loans Finance and Financial Sector Government lending Higher education Loan defaults Student loan funds Education 00 2008-09-25 Introduced in House 2008-11-25T16:36:21Z Amends the Higher Education Act of 1965 to make technical corrections to the Ensuring Continued Access to Student Loans Act of 2008.

Clarifies the Secretary of Education's authority to purchase, or enter into and fund forward commitments to purchase, until July 2010, Federal Family Education Loans (FFELs) from lenders when there is an inadequate availability of loan capital to meet the demand for such loans. Includes, within such purchase authority, FFELs that qualify for loan rehabilitation under the Default Reduction program.

Conditions the Secretary's purchase or forward commitment to purchase FFELs on lender agreement to originate or purchase new FFELs. (Currently, they are required to use the funds from such purchases to engage in such activities.)

Requires the Secretary to contract with the current servicers of FFELs the Secretary is purchasing for the continued servicing of such loans, provided certain conditions are met. (Currently, the Secretary is authorized to enter into servicing agreements with willing lenders whose loans are being purchased.)

]]> To make technical corrections in the Ensuring Continued Access to Student Loans Act of 2008. Display Title To make technical corrections in the Ensuring Continued Access to Student Loans Act of 2008. Official Title as Introduced To make technical corrections in the Ensuring Continued Access to Student Loans Act of 2008. Introduced in House 2008-09-25T04:00:00Z https://www.govinfo.gov/content/pkg/BILLS-110hr7072ih/xml/BILLS-110hr7072ih.xml 2008-09-25 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.