Smarter Solutions for Students Act - Amends title IV (Student Assistance) of the Higher Education Act of 1965 to set the annual interest rate on Direct Stafford loans and Direct Unsubsidized Stafford loans at the rate on high-yield 10-year Treasury notes plus 2.5%, but caps that rate at 8.5%.
Sets the annual interest rate on Direct PLUS loans at the rate on high-yield 10-year Treasury notes plus 4.5%, but caps that rate at 10.5%.
Limits the applicability of the preceding provisions to loans first disbursed on or after July 1, 2013.
Sets the annual interest rate on Direct Consolidation loans for which an application is received on or after July 1, 2013, at the weighted average of the interest rates on the loans consolidated, rounded to the nearest higher one-eighth of 1%.
Provides that the budgetary effects of this Act shall not be entered on specified PAYGO scorecards.
| Action Date | Type | Text | Source |
|---|---|---|---|
| 2013-08-09 | President | Became Public Law No: 113-28. | House floor actions |
| 2013-08-09 | President | Signed by President. | House floor actions |
| 2013-08-01 | Floor | Presented to President. | House floor actions |
| 2013-07-31 | ResolvingDifferences | Motion to reconsider laid on the table Agreed to without objection. | House floor actions |
| 2013-07-31 | Vote | On motion that the House suspend the rules and agree to the Senate amendment Agreed to by the Yeas and Nays: (2/3 required): 392 - 31 (Roll no. 426). (text as House agreed to Senate amendment: CR H5214-5215) | House floor actions |
| 2013-07-31 | Floor | Considered as unfinished business. (consideration: CR H5240-5241) | House floor actions |
| 2013-07-31 | ResolvingDifferences | At the conclusion of debate, the Yeas and Nays were demanded and ordered. Pursuant to the provisions of clause 8, rule XX, the chair announced that further proceedings on the motion would be postponed. | House floor actions |
| 2013-07-31 | Floor | DEBATE - The House proceeded with forty minutes of debate on the motion to agree in the Senate amendment to H.R. 1911. | House floor actions |
| 2013-07-31 | ResolvingDifferences | Mr. Kline moved that the House suspend the rules and agree to the Senate amendment. (consideration: CR H5214-5221) | House floor actions |
| 2013-07-24 | Floor | Message on Senate action sent to the House. | Senate |
| 2013-07-24 | Vote | Passed Senate, under the order of 7/23/2013, having achieved 60 votes in the affirmative, with an amendment by Yea-Nay Vote. 81 - 18. Record Vote Number: 185. (text: CR S5894) | Senate |
| 2013-07-24 | Floor | Measure laid before Senate by unanimous consent. (consideration: CR S5863-5894) | Senate |
| 2013-07-18 | Calendars | Read the second time. Placed on Senate Legislative Calendar under General Orders. Calendar No. 139. | Senate |
| 2013-07-17 | Calendars | Read the first time. Placed on Senate Legislative Calendar under Read the First Time. | Senate |
| 2013-06-03 | IntroReferral | Received in the Senate. | Senate |
| 2013-05-23 | Floor | Motion to reconsider laid on the table Agreed to without objection. | House floor actions |
| 2013-05-23 | Vote | On passage Passed by recorded vote: 221 - 198 (Roll no. 183). | House floor actions |
| 2013-05-23 | Vote | On motion to recommit with instructions Failed by the Yeas and Nays: 194 - 223 (Roll no. 182). | House floor actions |
| 2013-05-23 | Floor | The previous question on the motion to recommit with instructions was ordered without objection. (consideration: CR H2938) | House floor actions |
| 2013-05-23 | Floor | DEBATE - The House proceeded with 10 minutes of debate on the Sinema motion to recommit with instructions pending a reservation of a point of order. The instructions contained in the motion seek to require the bill to be reported back to the House with an amendment adding a new section pertaining to protecting students from teaser interest rates that lead to higher long-term costs. Subsequently, the reservation was removed. | House floor actions |
| 2013-05-23 | Floor | Ms. Sinema moved to recommit with instructions to Education and the Workforce. (consideration: CR H2937-2939; text: CR H2937) | House floor actions |
| 2013-05-23 | Floor | The previous question was ordered pursuant to the rule. (consideration: CR H2937) | House floor actions |
| 2013-05-23 | Floor | DEBATE - The House proceeded with one hour of debate on H.R. 1911. | House floor actions |
| 2013-05-23 | Floor | Rule provides for consideration of H.R. 1911 with 1 hour of general debate. Previous question shall be considered as ordered without intervening motions except motion to recommit with or without instructions. Measure will be considered read. Bill is closed to amendments. | House floor actions |
| 2013-05-23 | Floor | Considered under the provisions of rule H. Res. 232. (consideration: CR H2926-2940; text of amendment in the nature of a substitute: CR H2927) | House floor actions |
| 2013-05-23 | Floor | Rule H. Res. 232 passed House. | House floor actions |
| 2013-05-22 | Floor | Rules Committee Resolution H. Res. 232 Reported to House. Rule provides for consideration of H.R. 1911 with 1 hour of general debate. Previous question shall be considered as ordered without intervening motions except motion to recommit with or without instructions. Measure will be considered read. Bill is closed to amendments. | House floor actions |
| 2013-05-20 | Calendars | Placed on the Union Calendar, Calendar No. 57. | House floor actions |
| 2013-05-20 | Discharge | Committee on Budget discharged. | House floor actions |
| 2013-05-20 | Committee | Reported (Amended) by the Committee on Education and the Workforce. H. Rept. 113-82, Part I. | House floor actions |
| 2013-05-16 | Committee | Ordered to be Reported (Amended) by the Yeas and Nays: 24 - 13. | House committee actions |
| 2013-05-16 | Committee | Committee Consideration and Mark-up Session Held. | House committee actions |
| 2013-05-09 | IntroReferral | Referred to the Committee on Education and the Workforce, and in addition to the Committee on 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. | House floor actions |
| 2013-05-09 | IntroReferral | Referred to the Committee on Education and the Workforce, and in addition to the Committee on 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. | House floor actions |
| 2013-05-09 | IntroReferral | Introduced in House | Library of Congress |