[Congressional Bills 112th Congress]
[From the U.S. Government Publishing Office]
[S. 2366 Placed on Calendar Senate (PCS)]

                                                       Calendar No. 370
112th CONGRESS
  2d Session
                                S. 2366

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


_______________________________________________________________________


                   IN THE SENATE OF THE UNITED STATES

                             April 25, 2012

   Mr. Alexander (for himself, Mr. McConnell, Mr. Enzi, Mr. Kyl, Mr. 
   Cornyn, Mr. Wicker, Mr. Inhofe, Mr. Barrasso, Mrs. Hutchison, Mr. 
Blunt, Mr. Hoeven, Mr. Johanns, Mr. Coats, and Mr. Isakson) introduced 
  the following bill; which was read twice and ordered placed on the 
                                calendar

_______________________________________________________________________

                                 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Affordable Care Act (42 U.S.C. 300u-11) is repealed.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by such section 4002, the unobligated balance is rescinded.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.
                                                       Calendar No. 370

112th CONGRESS

  2d Session

                                S. 2366

_______________________________________________________________________

                                 A BILL

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

_______________________________________________________________________

                             April 25, 2012

             Read twice and ordered placed on the calendar