[Congressional Bills 112th Congress]
[From the U.S. Government Publishing Office]
[H.R. 4628 Introduced in House (IH)]

112th CONGRESS
  2d Session
                                H. R. 4628

To extend student loan interest rates for undergraduate Federal Direct 
                            Stafford Loans.


_______________________________________________________________________


                    IN THE HOUSE OF REPRESENTATIVES

                             April 25, 2012

 Mrs. Biggert introduced the following bill; which was referred to the 
   Committee on Education and the Workforce, and in addition to the 
 Committees on Energy and Commerce and the Budget, for a period to be 
subsequently determined by the Speaker, in each case for consideration 
  of such provisions as fall within the jurisdiction of the committee 
                               concerned

_______________________________________________________________________

                                 A BILL


 
To extend student loan interest rates for undergraduate Federal Direct 
                            Stafford Loans.

    Be it enacted by the Senate and House of Representatives of the 
United States of America in Congress assembled,

SECTION 1. SHORT TITLE.

    This Act may be cited as the ``Interest Rate Reduction Act''.

SEC. 2. INTEREST RATE EXTENSION.

    Subparagraph (D) of section 455(b)(7) of the Higher Education Act 
of 1965 (20 U.S.C. 1087e(b)(7)(D)) is amended--
            (1) in the matter preceding clause (i), by striking 
        ``2012'' and inserting ``2013''; and
            (2) in clause (v), by striking ``2012'' and inserting 
        ``2013''.

SEC. 3. REPEALING PREVENTION AND PUBLIC HEALTH FUND.

    (a) In General.--Section 4002 of the Patient Protection and 
Affordable Care Act (42 U.S.C. 300u-11) is repealed.
    (b) Rescission of Unobligated Funds.--Of the funds made available 
by such section 4002, the unobligated balance is rescinded.

SEC. 4. COMPLIANCE WITH STATUTORY PAY-AS-YOU-GO ACT OF 2010.

    The budgetary effects of this Act, for the purpose of complying 
with the Statutory Pay-As-You-Go Act of 2010, shall be determined by 
reference to the latest statement titled ``Budgetary Effects of PAYGO 
Legislation'' for this Act, submitted for printing in the Congressional 
Record by the Chairman of the House Budget Committee, provided that 
such statement has been submitted prior to the vote on passage.
                                 <all>