S Amdt 2153 - Prohibits Increase in Interest Rates for Student Loans (Lamar Bill) - National Key Vote
Lindsey Graham voted Yea (Amendment Vote) on this Amendment.
Read statements Lindsey Graham made in this general time period.
Timeline
- Senate Amendment Rejected
- May 24, 2012
- Introduced
- May 24, 2012
Related Legislation
Related Issues
Stage Details
Title: Prohibits Increase in Interest Rates for Student Loans (Lamar Bill)
Vote Smart's Synopsis:
Vote to adopt an amendment to S 2343 that extends current interest rates for undergraduate student loans until July 1, 2013.
Highlights:
- Extends the following interest rates for undergraduate Federal Direct Stafford Loans from July 1, 2012 to July 1, 2013 (Sec. 2):
- 6.8 percent on the unpaid principal balance of the loan if the first disbursement was made on or after July 1, 2006 but before July 1, 2008;
- 6 percent on the unpaid principal balance of the loan if the first disbursement was made on or after July 1, 2008 but before July 1, 2009;
- 5.6 percent on the unpaid principal balance of the loan if the first disbursement was made on or after July 1, 2009 but before July 1, 2010;
- 4.5 percent on the unpaid principal balance of the loan if the first disbursement was made on or after July 1, 2010 but before July 1, 2011; and
- 3.4 percent on the unpaid principal balance of the loan if the first disbursement was made on or after July 1, 2011 but before July 1, 2013.
- Repeals the Prevention and Public Health Fund established by the Patient Protection and Affordable Care Act and rescinds all unspent funds appropriated to the Prevention and Public Health Fund (Sec. 3).
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NOTE: THIS LEGISLATION NEEDED A TWO-THIRDS MAJORITY VOTE TO PASS
Title: Prohibits Increase in Interest Rates for Student Loans (Lamar Bill)
- Kelly A. Ayotte (NH - R) (Out Of Office)
- John Barrasso (WY - R)
- Roy Blunt (MO - R) (Out Of Office)
- Daniel R. 'Dan' Coats (IN - R) (Out Of Office)
- Thad Cochran (MS - R) (Out Of Office)
- John Cornyn (TX - R)
- Michael Bradley 'Mike' Enzi (WY - R) (Out Of Office)
- Dean Heller (NV - R) (Out Of Office)
- John H. Hoeven (ND - R)
- Kathryn Bailey Ann 'Kay' Hutchison (TX - R) (Out Of Office)
- James Mountain 'Jim' Inhofe (OK - R) (Out Of Office)
- John H. 'Johnny' Isakson (GA - R) (Out Of Office)
- Mike O. Johanns (NE - R) (Out Of Office)
- Addison Mitchell 'Mitch' McConnell Jr. (KY - R)
- Charles Patrick 'Pat' Roberts (KS - R) (Out Of Office)
- Marco Rubio (FL - R)
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NOTE: THIS IS A SUBSTITUTE AMENDMENT, WHICH REPLACES THE ENTIRE TEXT OF THE LEGISLATION WITH A NEW TEXT. THE DEGREE TO WHICH THE SUBSTITUTE BILL TEXT DIFFERS FROM THE PREVIOUS VERSION OF THE TEXT CAN VARY GREATLY.