United States 112th Congress Status: Died 1 D cosponsors

S 2343 — Stop the Student Loan Interest Rate Hike Act of

Last action — Returned to the Calendar. Calendar No. 365.

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  1. ✓
    Introduced
  2. Died in session

This bill died with 112th Congress. It reached “Introduced” and never advanced before the session ended, so it can no longer move — a new version would have to be reintroduced in the current session.

This bill is no longer active — its legislative session has ended, so there is no live prognosis. It would have to be reintroduced in the current session to move again.

Summary

Stop the Student Loan Interest Rate Hike 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. Amends the Internal Revenue Code and title II (Old Age, Survivors and Disability Insurance) of the Social Security Act to require certain shareholders of a subchapter S corporation engaged as a partner in a professional service business to include income or loss attributable to such business in their net earnings from self-employment for employment tax purposes. Restricts such tax treatment to shareholders whose modified adjusted gross income exceeds a specified amount that varies based on their tax filing status. Defines a "professional service business" as any trade or business providing services in the fields of health, law, lobbying, engineering, architecture, accounting, actuarial science, performing arts, consulting, athletics, investment advice or management, or brokerage services.

Bill Text

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Read S 2343 on the official United States source →

Action History

  1. Returned to the Calendar. Calendar No. 365.

  2. Under the order of 5/23/12, not having achieved 60 votes in the affirmative, failed of passage in Senate by Yea-Nay Vote. 51 - 43. Record Vote Number: 113.

  3. S.AMDT.2153 Amendment SA 2153 under the order of 5/23/12, not having achieved 60 votes in the affirmative, was not agreed to in Senate by Yea-Nay Vote. 34 - 62. Record Vote Number: 112.

  4. S.AMDT.2153 Amendment SA 2153 proposed by Senator McConnell for Senator Alexander. (consideration: CR S3609-3611; text: CR S3609)In the nature of a substitute.

  5. Measure laid before Senate by unanimous consent. (consideration: CR S3609-3611, S3611-3612)

  6. Motion to proceed to consideration of measure agreed to in Senate. (consideration: CR S3609)

  7. Motion by Senator Reid to reconsider the vote by which cloture was not invoked on the motion to proceed to the measure (Roll Call Vote No. 89) withdrawn in Senate by Unanimous Consent.

  8. Motion to proceed to consideration of measure made in Senate. (consideration: CR S3181-3182)

  9. Motion to proceed to consideration of measure made in Senate. (consideration: CR S3158)

  10. Motion to proceed to consideration of measure made in Senate. (consideration: CR S2989-3035)

  11. Motion by Senator Reid to reconsider the vote by which cloture was not invoked on the motion to proceed to the measure (Roll Call Vote No. 89) entered in Senate.

  12. Cloture on the motion to proceed to the measure not invoked in Senate by Yea-Nay Vote. 52 - 45. Record Vote Number: 89. (consideration: CR H2944; text: CR H2944)

  13. Motion to proceed to measure considered in Senate. (consideration: CR S2935-2944, H2944-2959)

  14. Motion to proceed to measure considered in Senate. (consideration: CR S2892-2906)

  15. Cloture motion on the motion to proceed to the measure presented in Senate. (consideration: CR S2799; text: CR S2799)

  16. Motion to proceed to consideration of measure made in Senate. (consideration: CR S2799-2807)

  17. Introduced in the Senate. Read twice. Ordered Placed on Senate Legislative Calendar under General Orders. Calendar No. 365. (text of measure as introduced: CR S2657-2658)

Sponsors

Sponsorship breakdown

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1 sponsors · 0 co-sponsors · 546 not signed on

Sponsors (1)

Co-sponsors (0)

None.

Not signed on (546)

546 members have not signed on to this bill.

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"Not signed on" means a member has not sponsored or co-sponsored this bill — it does not imply opposition. Members flagged Voted No have a recorded No vote on this bill.

Whip count is in markup. Polling the chamber and every recorded vote this session. Only the first open is slow. It’s instant for you after this. Calling the roll · Tallying · Engrossing

Subjects

taxation education
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Frequently asked questions

What does S 2343 do?
Stop the Student Loan Interest Rate Hike 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. Amends the Internal Revenue Code and title II (Old Age, Survivors and Disability Insurance) of the Social Security Act to require certain shareholders of a subchapter S corporation engaged as a partner in a professional service business to include income or loss attributable to such business in their net earnings from self-employment for employment tax purposes. Restricts such tax treatment to shareholders whose modified adjusted gross income exceeds a specified amount that varies based on their tax filing status. Defines a "professional service business" as any trade or business providing services in the fields of health, law, lobbying, engineering, architecture, accounting, actuarial science, performing arts, consulting, athletics, investment advice or management, or brokerage services.
Who sponsors S 2343?
S 2343 is sponsored by Harry Reid (D).
What is the current status of S 2343?
This bill died with 112th Congress. It reached “Introduced” and never advanced before the session ended, so it can no longer move — a new version would have to be reintroduced in the current session.
Where can I track S 2343?
Track S 2343 free on One Click Politics — get push/email alerts when it moves.

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