S953: Student Loan Affordability Act
113th Congress (2013–2015) · Senate bill · Sponsor: Sen. Reed, Jack [D-RI]
This page covers S953 in the 113th Congress. Bill numbers start over every Congress, so S953 in another Congress is a different bill.
113th Congress (2013–2015) · Senate bill · Sponsor: Sen. Reed, Jack [D-RI]
This page covers S953 in the 113th Congress. Bill numbers start over every Congress, so S953 in another Congress is a different bill.
| Item | Detail |
|---|---|
| Roll-call votes | 1 |
| Chamber | Senate |
| Latest vote | 2013-06-06: Cloture Motion Rejected (51-46, 3/5 majority required) |
| Latest action | 2013-06-06: Cloture on the motion to proceed to measure not invoked in Senate by Yea-Nay Vote. 51 – 46. Record Vote Number: 143. (consideration: CR S3977-3978) |
| Policy area | Taxation |
| Official record | Congress.gov |
Student Loan Affordability Act – Amends the Higher Education Act of 1965 to extend until June 30, 2015, existing interest rates for loans made to undergraduate students under the Federal Direct Stafford Loan program. Amends the Internal Revenue Code to modify rules for required distributions from tax-exempt pension plans to an employee who dies before such employee's entire interest is distributed to require such interest to be distributed within five years after the death of such employee, subject to exceptions for an eligible designated beneficiary and surviving spouse of such employee. Defines "eligible designated beneficiary" to include a disabled or chronically-ill individual. Exempts from such modification a binding annuity contract in effect on the enactment date of this Act. Amends the Internal Revenue Code to: (1) limit the deductibility of interest payments made by a corporation which is an expatriated entity to a related person; (2) expand the definition of "crude oil" for purposes of the excise tax on petroleum to include crude oil condensates, natural gasoline, any bitumen or bituminous mixture, and any oil derived from a bitumen or bituminous mixture; (3) eliminate the requirement that such crude oil be produced in a well located in the United States; and (4) make permanent the Oil Spill Liability Trust Fund financing rate. Exempts the budgetary effects of this Act from the requirements of specified PAYGO scorecards.
Subjects: Budget deficits and national debt, Employee benefits and pensions, Foreign and international corporations, Government lending and loan guarantees, Government trust funds, Higher education, Income tax deductions, Interest, dividends, interest rates, Oil and gas, Pollution liability
Every recorded vote on this bill, newest first, with a link to the official tally. Member-by-member positions are on each member’s profile.
| Date | Chamber | Question | Result | Yea | Nay | Not voting | Record |
|---|---|---|---|---|---|---|---|
| 2013-06-06 | Senate | On the Cloture Motion S. 953 | Cloture Motion Rejected (51-46, 3/5 majority required) | 27 | 21 | 0 | Official tally |
S953 (Student Loan Affordability Act) was introduced in the 113th Congress (2013–2015) by Sen. Reed, Jack [D-RI].
On 2013-06-06: Cloture on the motion to proceed to measure not invoked in Senate by Yea-Nay Vote. 51 – 46. Record Vote Number: 143. (consideration: CR S3977-3978)
1 recorded vote in the 113th Congress. The most recent, on 2013-06-06, was "On the Cloture Motion S. 953": Cloture Motion Rejected (51-46, 3/5 majority required).