3.0.0 2834 2022-02-03T05:53:29Z 2022-02-03T05:53:29Z Senate S S 2012-05-07 112 ssga00 Homeland Security and Governmental Affairs Committee Senate Standing Referred to 2012-05-07T23:03:22Z To amend the Higher Education Act of 1965 to extend the reduced interest rate for Federal Direct Stafford Loans. 112 3826 HR 2012-03-29 Referred to the Subcommittee on Higher Education and Workforce Training. Related bill CRS Improper Payments Elimination and Recovery Improvement Act of 2012 112 4053 HR 2013-01-10 Became Public Law No: 112-248. Related bill CRS Interest Rate Reduction Act 112 4628 HR 2012-05-08 Read the second time. Placed on Senate Legislative Calendar under General Orders. Calendar No. 393. Related bill CRS Stop the Rate Hike Act of 2012 112 4816 HR 2012-09-26 Referred to the Subcommittee on Higher Education and Workforce Training. Related bill CRS Investing in Our Student's Future Act 112 5812 HR 2012-09-26 Referred to the Subcommittee on Higher Education and Workforce Training. Related bill CRS Improper Payments Elimination and Recovery Improvement Act of 2012 112 1409 S 2012-08-02 Referred to the House Committee on Oversight and Government Reform. Related bill CRS A bill to amend the Higher Education Act of 1965 to extend the reduced interest rate for Federal Direct Stafford Loans. 112 2051 S 2012-01-31 Read twice and referred to the Committee on Health, Education, Labor, and Pensions. Related bill CRS Stop the Student Loan Interest Rate Hike Act of2012 112 2343 S 2012-05-24 Returned to the Calendar. Calendar No. 365. Related bill CRS Interest Rate Reduction Act 112 2366 S 2012-04-25 Introduced in the Senate. Read twice. Ordered Placed on Senate Legislative Calendar under General Orders. Calendar No. 370. Related bill CRS 2012-05-07 ssga00 Homeland Security and Governmental Affairs Committee Senate Read twice and referred to the Committee on Homeland Security and Governmental Affairs. IntroReferral 2012-05-07 Introduced in Senate IntroReferral 10000 9 Library of Congress B001268 Sen. Brown, Scott P. [R-MA] Scott Brown R MA P. N Education Accounting and auditing Congressional oversight Executive agency funding and structure Government Operations and Politics Government information and archives Government lending and loan guarantees Government studies and investigations Higher education Interest, dividends, interest rates Public contracts and procurement Social security and elderly assistance Student aid and college costs Education 00 2012-05-07 Introduced in Senate 2012-05-21T21:38:20Z Subsidized Stafford Loan Reduced Interest Rate Extension Act of 2012 - Amends title IV (Student Assistance) of the Higher Education Act of 1965 to make the 3.4% interest rate on Direct Stafford loans first disbursed to undergraduate students between July 1, 2011, and July 1, 2012, applicable to Direct Stafford loans first disbursed to undergraduate students between July 1, 2011, and July 1, 2013.

Improper Payments Elimination and Recovery Improvement Act of 2012 - Requires the Director of the Office of Management and Budget (OMB) to: (1) identify, on an annual basis, a list of high-priority federal programs for greater levels of oversight and review of improper payments; (2) coordinate with agencies responsible for administering high-priority programs to establish semi-annual or quarterly targets and actions for reducing improper payments; and  (3) provide guidance to agencies for improving estimates of improper payments.

Requires federal agencies to: (1) make quarterly reports to their Inspectors General on any high-dollar improper payments identified by such agencies, and (2) review prepayment and preaward procedures and available databases to determine program or award eligibility and prevent improper payments before releasing any federal funds.  Establishes a Do Not Pay List based on information from databases maintained by the federal government, including the database of the Social Security Administration (SSA) reporting deaths of Social Security recipients.

Requires the Director to: (1) determine the current and historical rates and amounts of recovery of improper payments and targets for recovering improper payments, and (2) establish a plan for at least 10 Recovery Audit Contracting programs to identify and recover overpayments and underpayments in 10 agencies. 

]]> Subsidized Stafford Loan Reduced Interest Rate Extension Act of 2012 Short Titles as Introduced Subsidized Stafford Loan Reduced Interest Rate Extension Act of 2012 Short Titles as Introduced for portions of this bill Improper Payments Elimination and Recovery Improvement Act of 2012 Display Title Subsidized Stafford Loan Reduced Interest Rate Extension Act of 2012 Official Title as Introduced A bill to amend the Higher Education Act of 1965 to extend the reduced interest rate for Federal Direct Stafford Loans, and for other purposes. Introduced in Senate 2012-05-07T04:00:00Z https://www.govinfo.gov/content/pkg/BILLS-112s2834is/xml/BILLS-112s2834is.xml 2012-05-07 Read twice and referred to the Committee on Homeland Security and Governmental 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.