[Congressional Bills 112th Congress]
[From the U.S. Government Publishing Office]
[H.R. 4816 Introduced in House (IH)]

112th CONGRESS
  2d Session
                                H. R. 4816

    To amend the Higher Education Act of 1965 to extend the reduced 
    interest rate for Federal Direct Stafford Loans, and for other 
                               purposes.


_______________________________________________________________________


                    IN THE HOUSE OF REPRESENTATIVES

                             April 25, 2012

  Mr. Tierney (for himself, Mr. Bishop of New York, Mr. Courtney, Mr. 
 George Miller of California, Mr. Hinojosa, Mr. Levin, Mr. Stark, Mr. 
 Kildee, Mr. Peters, Ms. Chu, Ms. Sewell, Mr. Pascrell, Mr. Holt, and 
Ms. Slaughter) introduced the following bill; which was referred to the 
   Committee on Ways and Means, and in addition to the Committee on 
Education and the Workforce, 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 amend the Higher Education Act of 1965 to extend the reduced 
    interest rate for Federal Direct Stafford Loans, and for other 
                               purposes.

    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 ``Stop the Rate Hike Act of 2012''.

SEC. 2. INTEREST RATE EXTENSION.

    Section 455(b)(7)(D) 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 ``and 
        before July 1, 2012,'' and inserting ``and before July 1, 
        2013,''; and
            (2) in clause (v), by striking ``and before July 1, 2012,'' 
        and inserting ``and before July 1, 2013,''.

SEC. 3. DEDUCTION FOR INCOME ATTRIBUTABLE TO DOMESTIC PRODUCTION 
              ACTIVITIES NOT ALLOWED WITH RESPECT TO OIL AND GAS 
              ACTIVITIES OF MAJOR INTEGRATED OIL COMPANIES.

    (a) In General.--Subparagraph (A) of section 199(d)(9) of the 
Internal Revenue Code of 1986 is amended by inserting ``(9 percent in 
the case of any major integrated oil company (as defined in section 
167(h)(5)))'' after ``3 percent''.
    (b) Effective Date.--The amendment made by subsection (a) shall 
apply to taxable years beginning after the date of the enactment of 
this Act.
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