3.0.0 5801 2020-02-10T16:58:32Z 2020-02-10T16:58:32Z House H HR 2012-05-17 112 From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]By Ms. RICHARDSON:H.R. 5801.Congress has the power to enact this legislation pursuantto the following:This bill is enacted pursuant to the power granted toCongress under Article I, Section 8, Clauses 1 and 18 of theUnited States Constitution.[Page H3104]]]> hsed00 Education and the Workforce Committee House Standing hsed13 Higher Education and Workforce Development Subcomittee Referred to 2012-09-26T18:14:47Z Referred to 2012-05-17T14:03:40Z 2012-09-26 hsed13 Higher Education and Workforce Development Subcomittee 1 House committee actions Referred to the Subcommittee on Higher Education and Workforce Training. Committee 2012-05-18 Sponsor introductory remarks on measure. (CR E876-877) IntroReferral B00100 9 Library of Congress 2012-05-17 Referred to the House Committee on Education and the Workforce. IntroReferral H11100 2 House floor actions hsed00 Education and the Workforce Committee 2012-05-17 Introduced in House IntroReferral Intro-H 9 Library of Congress 2012-05-17 Introduced in House IntroReferral 1000 9 Library of Congress R000581 Rep. Richardson, Laura [D-CA-37] Laura Richardson D CA 37 N C000714 Rep. Conyers, John, Jr. [D-MI-14] JOHN CONYERS D MI 14 2012-05-17 True C001085 Rep. Clarke, Hansen [D-MI-13] Hansen Clarke D MI 13 2012-05-17 True K000336 Rep. Kucinich, Dennis J. [D-OH-10] DENNIS KUCINICH D OH J. 10 2012-05-17 True Education Economic performance and conditions Government lending and loan guarantees Higher education Interest, dividends, interest rates Student aid and college costs Unemployment Education 00 2012-05-17 Introduced in House 2012-06-04T20:26:54Z Unshackling Students to Lead, Excel, Act, Develop, and Serve Act of 2012 or U.S. LEADS Act - Amends title IV (Student Assistance) of the Higher Education Act of 1965 to allow recent college graduates to defer payment on their student loans under the Federal Family Education Loan (FFEL) and Direct Loan (DL) programs without accruing interest when the national unemployment rate exceeds 7% or the unemployment rate for 21-25 year olds exceeds 9%.

Limits that deferral period to a maximum of five years.

Makes the deferral available only to graduates aged 21-25 who received their first baccalaureate degree within the four years preceding this Act's enactment.

]]> U.S. LEADS Act Short Titles as Introduced U.S. LEADS Act Short Titles as Introduced Unshackling Students to Lead, Excel, Act, Develop, and Serve Act of 2012 Display Title U.S. LEADS Act Official Title as Introduced To provide interest-free deferment on unsubsidized student loans made to recent college students during periods when the national unemployment rate is above 7 percent and other periods of deferment. Introduced in House 2012-05-17T04:00:00Z https://www.govinfo.gov/content/pkg/BILLS-112hr5801ih/xml/BILLS-112hr5801ih.xml 2012-09-26 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.