3.0.0 2847 2017-12-15T00:02:39Z 2017-12-15T00:02:39Z Senate S S 2008-04-10 110 ssbk00 Banking, Housing, and Urban Affairs Committee Senate Standing Referred to 2008-04-10T21:56:53Z Emergency Student Loan Market Liquidity Act 110 5723 HR 2008-04-08 Referred to the House Committee on Financial Services. Identical bill CRS 2008-04-10 ssbk00 Banking, Housing, and Urban Affairs Committee Senate Read twice and referred to the Committee on Banking, Housing, and Urban Affairs. IntroReferral 2008-04-10 Sponsor introductory remarks on measure. (CR S2949-2950) IntroReferral B00100 9 Library of Congress 2008-04-10 Introduced in Senate IntroReferral 10000 9 Library of Congress K000148 Sen. Kerry, John F. [D-MA] JOHN KERRY D MA FORBES N Finance and Financial Sector Bank loans Economics and Public Finance Education Federal home loan banks Federally-guaranteed loans Higher education Investments Securities Student loan funds Surety and fidelity Finance and Financial Sector 00 2008-04-10 Introduced in Senate 2008-04-18T14:03:20Z Emergency Student Loan Market Liquidity Act - Amends the Federal Home Loan Bank Act to allow federal home loan banks to: (1) invest surplus funds in student loan securities; (2) accept student loans and student loan-related securities as collateral; and (3) provide secured long-term advances to member banks so that they can finance the origination of student loans or purchase or finance student loan-related securities.

Limits the application of this Act to Federal Family Education Loans (FFELs) made under the Higher Education Act of 1965.

Makes the banks' authority effective for investments and advances made between February 1, 2008, and two years after this Act's enactment.

]]> Emergency Student Loan Market Liquidity Act Short Titles as Introduced Emergency Student Loan Market Liquidity Act Display Title Emergency Student Loan Market Liquidity Act Official Title as Introduced A bill to amend the Federal Home Loan Bank Act to allow Federal home loan banks to invest surplus funds in student loan securities and make advances for student loan financing, and for other purposes. Introduced in Senate 2008-04-10T04:00:00Z https://www.govinfo.gov/content/pkg/BILLS-110s2847is/xml/BILLS-110s2847is.xml 2008-04-10 Read twice and referred to the Committee on Banking, Housing, and Urban Affairs. 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.