3.0.0 2410 2023-01-11T13:22:49Z 2023-01-11T13:22:49Z House H HR 2011-07-06 112 From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]By Mr. TOWNS:H.R. 2410.Congress has the power to enact this legislation pursuantto the following:This Bill is enacted pursuant to Article I, Section 8,Clause 3 of the United States Constitution, known as the``Commerce Clause.'' This provision grants Congress the broadpower to ``regulate Commerce with foreign Nations, and amongthe several States, and with the Indian Tribes.'' \1\\1\ Please note, pursuant to Article I, section 8, Congresshas the power ``to make all Laws which shall be necessary andproper for carrying into Execution the foregoing Powers, andall other Powers vested by this Constitution in theGovernment of the United States, or in any Department orOfficer thereof.''[Page H4672]]]> hsed00 Education and the Workforce Committee House Standing hsed13 Higher Education and Workforce Development Subcomittee Referred to 2011-09-08T16:53:59Z Referred to 2011-07-06T18:00:40Z 2011-09-08 hsed13 Higher Education and Workforce Development Subcomittee 1 House committee actions Referred to the Subcommittee on Higher Education and Workforce Training. Committee 2011-07-06 Referred to the House Committee on Education and the Workforce. IntroReferral H11100 2 House floor actions hsed00 Education and the Workforce Committee 2011-07-06 Introduced in House IntroReferral Intro-H 9 Library of Congress 2011-07-06 Introduced in House IntroReferral 1000 9 Library of Congress T000326 Rep. Towns, Edolphus [D-NY-10] EDOLPHUS TOWNS D NY 10 N P000149 Rep. Payne, Donald M. [D-NJ-10] DONALD PAYNE D NJ M. 10 2011-07-06 True J000283 Rep. Jackson, Jesse L., Jr. [D-IL-2] JESSE JACKSON D IL L. 2 2011-07-06 True M001160 Rep. Moore, Gwen [D-WI-4] Gwen Moore D WI 4 2011-07-06 True J000288 Rep. Johnson, Henry C. "Hank," Jr. [D-GA-4] Henry Johnson D GA C. "Hank" 4 2011-07-06 True F000455 Rep. Fudge, Marcia L. [D-OH-11] Marcia Fudge D OH L. 11 2011-07-06 True M001137 Rep. Meeks, Gregory W. [D-NY-6] GREGORY MEEKS D NY W. 6 2011-07-06 True C001072 Rep. Carson, Andre [D-IN-7] Andre Carson D IN 7 2011-07-06 True R000053 Rep. Rangel, Charles B. [D-NY-15] CHARLES RANGEL D NY B. 15 2011-07-07 False C000714 Rep. Conyers, John, Jr. [D-MI-14] JOHN CONYERS D MI 14 2012-03-27 False Education Government lending and loan guarantees Higher education Student aid and college costs Education 00 2011-07-06 Introduced in House 2011-07-08T15:53:57Z College Debt Swap Act of 2011 - Amends title IV (Student Assistance) of the Higher Education Act of 1965 to allow certain borrowers to consolidate their private education loans as Direct Consolidation Loans.

Limits such borrowers to those who: (1) are not in default on a loan made, insured, or guaranteed under title IV, except in certain instances of economic hardship; (2) were enrolled, between July 1, 1994, and July 1, 2010, as students eligible for unsubsidized Stafford loans or PLUS loans under the Federal Family Education Loan or Direct Loan programs; (3) borrowed at least one private education loan during such enrollment period; (4) are repaying their private education loan or are in a grace period preceding such repayment; (5) do not have an adverse credit history with respect to Direct Plus loans; and (6) have not previously obtained a Direct Consolidated Loan under title IV.

Makes the program applicable only to private education loans disbursed to borrowers between July 1, 1994, and July 1, 2010.

Directs the Secretary of Education to inform and educate students and their families about this loan consolidation program.

Terminates the authority to make Consolidation loans under such program on June 30, 2012.

]]> College Debt Swap Act of 2011 Display Title College Debt Swap Act of 2011 Official Title as Introduced To establish a temporary private education loan debt consolidation program to assist eligible borrowers in refinancing all or a portion of their private education debt as Federal Direct Consolidation Loans. Introduced in House IH Short Titles as Introduced College Debt Swap Act of 2011 Introduced in House 2011-07-06T04:00:00Z https://www.govinfo.gov/content/pkg/BILLS-112hr2410ih/xml/BILLS-112hr2410ih.xml 2011-09-08 Referred to the Subcommittee on Higher Education and Workforce Training. 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.