To amend the Higher Education Act of 1965 to modify certain provisions relating to the capital financing of historically Black colleges and universities.
HBCU Capital Financing Improvement Act
(Sec. 2) This bill amends title III (Institutional Aid) of the Higher Education Act of 1965 to modify the HBCU Capital Financing Program. [The program guarantees low-cost private loans to historically black colleges and universities (HBCUs) to finance infrastructure repairs, maintenance, and construction.]
It replaces statutory references to "escrow account" with "bond insurance fund."
(Sec. 3) The bill authorizes the Department of Education to provide financial counseling that prepares an eligible HBCU to qualify for, apply for, and maintain a capital improvement loan.
(Sec. 4) It revises and expands reporting requirements for the HBCU Capital Financing Advisory Board.
Introduced in House
Introduced in House
Referred to the House Committee on Education and the Workforce.
Committee Consideration and Mark-up Session Held.
Ordered to be Reported (Amended) by Voice Vote.
Reported (Amended) by the Committee on Education and the Workforce. H. Rept. 114-677.
Reported (Amended) by the Committee on Education and the Workforce. H. Rept. 114-677.
Placed on the Union Calendar, Calendar No. 525.
Mr. Byrne moved to suspend the rules and pass the bill, as amended.
Considered under suspension of the rules. (consideration: CR H4606-4607)
DEBATE - The House proceeded with forty minutes of debate on H.R. 5530.
Passed/agreed to in House: On motion to suspend the rules and pass the bill, as amended Agreed to by voice vote.(text: CR H4606)
On motion to suspend the rules and pass the bill, as amended Agreed to by voice vote. (text: CR H4606)
Motion to reconsider laid on the table Agreed to without objection.
Received in the Senate and Read twice and referred to the Committee on Health, Education, Labor, and Pensions.
checking server…
Ask anything about this bill. The AI reads the full text to answer.
Enter to send · Shift+Enter for new line