US Congress Senate Bill 2834 (Prior Session Legislation)

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Spectrum: Partisan Bill (Republican 1-0)
Status: Introduced on May 7 2012 - 25% progression, died in committee
Action: 2012-05-07 - Read twice and referred to the Committee on Homeland Security and Governmental Affairs.
Pending: Senate Homeland Security And Governmental Affairs Committee
Text: Latest bill text (Introduced) [PDF]

Subsidized Stafford Loan Reduced Interest Rate Extension Act of 2012 - 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. Improper Payments Elimination and Recovery Improvement Act of 2012 - Requires the Director of the Office of Management and Budget (OMB) to: (1) identify, on an annual basis, a list of high-priority federal programs for greater levels of oversight and review of improper payments; (2) coordinate with agencies responsible for administering high-priority programs to establish semi-annual or quarterly targets and actions for reducing improper payments; and (3) provide guidance to agencies for improving estimates of improper payments. Requires federal agencies to: (1) make quarterly reports to their Inspectors General on any high-dollar improper payments identified by such agencies, and (2) review prepayment and preaward procedures and available databases to determine program or award eligibility and prevent improper payments before releasing any federal funds. Establishes a Do Not Pay List based on information from databases maintained by the federal government, including the database of the Social Security Administration (SSA) reporting deaths of Social Security recipients. Requires the Director to: (1) determine the current and historical rates and amounts of recovery of improper payments and targets for recovering improper payments, and (2) establish a plan for at least 10 Recovery Audit Contracting programs to identify and recover overpayments and underpayments in 10 agencies.

Subsidized Stafford Loan Reduced Interest Rate Extension Act of 2012

Sen. Scott Brown [R-MA]

Date	Chamber	Action
2012-05-07	Senate	Read twice and referred to the Committee on Homeland Security and Governmental Affairs.

HB3826 (Related) 2012-03-29 - Referred to the Subcommittee on Higher Education and Workforce Training.
HB4628 (Related) 2012-05-08 - Read the second time. Placed on Senate Legislative Calendar under General Orders. Calendar No. 393.
HB4816 (Related) 2012-09-26 - Referred to the Subcommittee on Higher Education and Workforce Training.
SB1409 (Related) 2012-08-02 - Referred to the House Committee on Oversight and Government Reform.
SB2051 (Related) 2012-01-31 - Read twice and referred to the Committee on Health, Education, Labor, and Pensions.
SB2343 (Related) 2012-05-24 - Returned to the Calendar. Calendar No. 365.
SB2366 (Related) 2012-04-25 - Introduced in the Senate. Read twice. Ordered Placed on Senate Legislative Calendar under General Orders. Calendar No. 370.
HB5812 (Related) 2012-09-26 - Referred to the Subcommittee on Higher Education and Workforce Training.
HB4053 (Related) 2013-01-10 - Became Public Law No: 112-248.

Type	Source
Summary	https://www.congress.gov/bill/112th-congress/senate-bill/2834/all-info
Text	https://www.congress.gov/112/bills/s2834/BILLS-112s2834is.pdf