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Contact:
Andy Koenig 202-226-9717



Legislative Bulletin Suspensions


Washington, Nov 13 -


Legislative Bulletin………………………………….………November 13, 2007


 

Contents:


      H.J.Res. ___ —Native American Heritage Day Act of 2007


      H.R. 4153—Technical Amendments to the College Cost Reduction and Access Act of 2007


              H.R. 4154—HBCU Capital Financing Improvement Act of 2007  

 


H.J.Res. ___ — Native American Heritage Day Act of 2007 (Baca, D-CA) 


Order of Business:  The bill is scheduled to be considered on Tuesday, November 13, 2007 under a motion to suspend the rules and pass the bill. 


Summary:   H.J.Res. ___ would encourage the implementation of a Native American Heritage Day.  Specifically, the resolution would encourage educational institutions to develop educational material, in consultation with Native American government leaders, which recognizes a Native American Heritage Day.  The resolution would also support activities on Native American Heritage Day that emphasize the historical and constitutional status of Native American tribal governments, the cultures, traditions, and languages of Native Americans, and the rich Native American cultural legacy that all Americans enjoy today. 


The bill also lists the following findings:  



 

Committee Action:  H.J.Res. ___ is expected to be introduced today.  


Cost to Taxpayers:  A CBO score for H.J.Res. ___ is not available.  However, the resolution does not authorize any expenditures. 


Does the Bill Expand the Size and Scope of the Federal Government?:  No. 


Does the Bill Contain Any New State-Government, Local-Government, or Private-Sector Mandates?:  No. 


Does the Bill Comply with House Rules Regarding Earmarks/Limited Tax Benefits/Limited Tariff Benefits?:  An earmarks/revenue benefits statement required under House Rule XXI, Clause 9(a) was not available at press time. 


Constitutional Authority:  A committee report citing constitutional authority was not available at press time.  


RSC Staff Contact:  Andy Koenig; andy.koenig@mail.house.gov; 202-226-9717. 

 


H.R. 4153—Technical Amendments to the College Cost Reduction and Access Act of 2007 (Miller, D-CA) 


Order of Business:  The bill is scheduled to be considered on Tuesday, November 13, 2007 under a motion to suspend the rules and pass the bill. 


Summary:   H.R. 4153 would make a series of technical corrections to the College Cost Reduction and Access Act of 2007.  The bill would amend the Act to allow Pell Grant funds remaining after a fiscal year be made available the following fiscal year.   


The bill also defines “untaxed income” and stipulates that it does not include:



 

The bill defines an “independent student” as a student who is an orphan, in foster care, or is a ward of the state at any time when the individual was over the age of 13. 


The bill also alters stipulates that a married borrower who files separate taxes shall have their income calculated solely on the basis of the borrower’s individual loan debt and adjusted gross income.  


Finally, the bill grants a deferral of federal student loans for active duty service members and changes the word “sound” to “responsible” for the purpose of granting Teach Grants.  


Committee Action:  This bill is expected to be introduced today.  


Cost to Taxpayers:  A CBO score for this bill was not available at press time.   


Does the Bill Expand the Size and Scope of the Federal Government?:  No. 


Does the Bill Contain Any New State-Government, Local-Government, or Private-Sector Mandates?:  No. 


Does the Bill Comply with House Rules Regarding Earmarks/Limited Tax Benefits/Limited Tariff Benefits?:  An earmarks/revenue benefits statement required under House Rule XXI, Clause 9(a) was not available at press time. 


Constitutional Authority:  A committee report citing constitutional authority was not available at press time.  


RSC Staff Contact:  Andy Koenig; andy.koenig@mail.house.gov; 202-226-9717. 

 


H.R. 4154—HBCU Capital Financing Improvement Act of 2007


(Miller, D-CA) 


Order of Business:  The bill is scheduled to be considered on Tuesday, November 13, 2007 under a motion to suspend the rules and pass the bill. 


Summary:   The bill would increase the limit of federal insurance bonds issued under the Historically Black College and University (HBCU) Capital Financing program.  The bill would increase the aggregate limit from $375 million to $1.1 billion, of which no more than $733 million may be used for loans to eligible institutions that are private historically Black colleges and universities (increased from $250 million) and no more than $366 million may be used for loans to eligible institutions which are historically Black public colleges and universities (up from $125 million). 


The program provides financial insurance to guarantee the full payment of principal and interest on qualified HBCU bonds.    


Additional Background:  According to the Office of Management and Budget (OMB) the Historically Black College and University Capital Financing program “provides Historically Black Colleges and Universities (HBCUs) with low-cost infrastructure loans.  The Department of Education can guarantee up to $375 million in loans and interest to HBCUs.  Five percent of all loans go into a pooled escrow account from which default payments can be made.”  This bill would drastically increase that amount. 


OMB also reports that the HBCU Capital Financing program is under performing and that results have not been demonstrated.  OMB lists the following criticism of the program: 



 

To read the complete OMB summary of the HBCU Capital Financing program, click here.  


Committee Action:  This bill is expected to be introduced today.  


Cost to Taxpayers:  A CBO score for the bill was not available at press time.   


Does the Bill Expand the Size and Scope of the Federal Government?:  No. 


Does the Bill Contain Any New State-Government, Local-Government, or Private-Sector Mandates?:  No. 


Does the Bill Comply with House Rules Regarding Earmarks/Limited Tax Benefits/Limited Tariff Benefits?:  An earmarks/revenue benefits statement required under House Rule XXI, Clause 9(a) was not available at press time. 


Constitutional Authority:  A committee report citing constitutional authority was not available at press time.  


RSC Staff Contact:  Andy Koenig; andy.koenig@mail.house.gov; 202-226-9717.