We expect Senator John Rockefeller (D-WV) will introduce the America COMPETES Reauthorization Act of 2014 later this week. A discussion draft of this five-year reauthorization bill has been circulated and many provisions in the bill are reminiscent of the COMPETES Acts of 2007 and 2010.
There are just two weeks left until Congress adjourns for the month of August (August 1st—September 5th). This week lawmakers will return to DC and try to advance a few pieces of legislation – including refilling the Highway Trust Fund and reaching a deal on veterans’ health care legislation – before the end of August…. Read More
Democrats and Republicans are returning to the Capitol today after a weeklong break to celebrate the Fourth of July. But they appear to be more focused on the midterm elections rather than on moving legislation. Hopes have dimmed that Congress will get much done this year since they only have 29 legislative days left in… Read More
Annual student loan interest rates increase tomorrow, July 1st. This represents the first full year loan rates will be tied to the 10-year Treasury note under the deal struck by Congress last summer. Rates will rise from 3.86 to 4.66 percent for undergraduate Stafford loans, 5.41 to 6.21 percent for graduate Stafford loans and 6.41… Read More
Today, the House Education and Workforce introduced several bills to reauthorize the HEA. Earlier this year, the House announced it would take a piecemeal approach to reauthorization rather than a single, large bill. The committee reiterated this strategy and outlined a number of principles that will guide its HEA reauthorization process in its white paper released earlier… Read More
Today Senate HELP Chairman Tom Harkin (D-IA) will introduce his plan to reauthorize the Higher Education Act. The Higher Education Affordability Act focuses on four goals: Increasing college affordability, helping struggling borrowers, strengthening accountability, and improving transparency. These goals will be achieved through 21 action points, including tightening for-profit regulations, better accountability metrics for colleges… Read More
The Senate’s inability to reach an amendment deal on a three-bill “minibus” could dash hopes for remaining FY 2015 spending bills. Though some Senate Republicans and Democrats say they want to find a way forward to debate fiscal 2015 spending bills, it’s not clear whether they can overcome the substantial distrust that scuttled this week’s… Read More
Senate Majority Leader Harry Reid (D-NV) effectively ended debate for now on the FY 2015 Commerce, Justice, Science and Related Agencies (CJS) Appropriations after he was unable to reach an agreement with Republicans over amendments. The CJS bill funds NSF, Census, NIJ and other agencies. The CJS bill, which was being considered as part of… Read More
The unexpected primary election loss by House Majority Leader Eric Cantor (R-VA) could have repercussions on the FY15 appropriations process. Cantor will step down as Leader on July 31st and then serve the remainder of his term. The GOP will hold elections next week to determine who will succeed Cantor as Majority Leader, and that… Read More
The Senate failed to invoke cloture this morning and will not move forward on Sen. Elizabeth Warren’s (D-MA) bill to refinance student debt. The Senate voted of 56-38, which is less than the 2/3rds required to move forward.