Bill > S2366

Introduced Session

Interest Rate Reduction Act - 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. Amends the Patient Protection and Affordable Care Act to repeal provisions establishing and appropriating funds to the Prevention and Public Health Fund (a Fund to provide for expanded and sustained national investment in prevention and public health programs to improve health and help restrain the rate of growth in private and public sector health care costs). Rescinds any unobligated balances appropriated to such Fund.

Lamar Alexander (R),  Kelly Ayotte (R),  John Barrasso (R),  Roy Blunt (R),  Saxby Chambliss (R),  Daniel Coats (R),  Thad Cochran (R),  John Cornyn (R),  Michael Enzi (R),  Dean Heller (R),  John Hoeven (R),  Kay Hutchison (R),  James Inhofe (R),  Johnny Isakson (R),  Mike Johanns (R),  Jon Kyl (R),  Mitch McConnell (R),  Rob Portman (R),  Pat Roberts (R),  Marco Rubio (R),  John Thune (R),  Roger Wicker (R), 

Introduced in the Senate. Read twice. Ordered Placed on Senate Legislative Calendar under General Orders. Calendar No. 370. (on 04/25/2012)

Official Document