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S. 1238: Keep Student Loans Affordable Act of 2013

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S. 1238: Keep Student Loans Affordable Act of 2013

113th Congress · introduced 2013-06-27 · Education · Latest: Motion to proceed to consideration of measure made in Senate. (consideration: CR S5717-5718)

federal

Follow this bill, step by step

  1. Where it came from: introduced 2013-06-27 · official record
  2. Who proposed it: Sen. Reed, Jack [D-RI] · what a sponsor is
  3. What happened next: 2 recorded votes in our records. Latest: Senate vote 172 (2013): On the Motion for Attendance, S1238 (2013-07-15), Motion for Attendance Agreed to. See all
  4. Where it stands now: Motion to proceed to consideration of measure made in Senate. (consideration: CR S5717-5718) Not final yet: this can still change. We check for updates every day.
  5. If it becomes law and spends money: follow the money to money laws, then agencies and contracts and grants.

What does this mean?

Official title

Keep Student Loans Affordable Act of 2013

Plain summary

Keep Student Loans Affordable Act of 2013 - Amends title IV (Student Assistance) of the Higher Education Act of 1965 to extend the 3.4% interest rate on Direct Stafford loans first disbursed to undergraduate students between July 1, 2011, and July 1, 2013, to Direct Stafford loans first disbursed to undergraduate students between July 1, 2011, and July 1, 2014. 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.

Congressional Research Service summary (Introduced in Senate), quoted unchanged (nonpartisan). Read the source.

What a vote does

A “Yea” vote

If it passes both chambers and is signed, it becomes law.

A “Nay” vote

If it is not passed, current law stays as it is.

PSI Sci description of the legislative step (not an opinion).

What does this mean? (plain words)

Official text

Keep Student Loans Affordable Act of 2013

Source: Congressional Research Service summary (Introduced in Senate)

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The strongest published arguments

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Alternatives

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How did my representative vote? · This bill's floor votes

Officials and money

Sponsor: Sen. Reed, Jack [D-RI] · 44 cosponsors

Cost estimate: No cost estimate published yet.

Cosponsors on this site

Elizabeth Warren (D-MA), Patty Murray (D-WA), Richard J. Durbin (D-IL), Sheldon Whitehouse (D-RI), Amy Klobuchar (D-MN), Bernard Sanders (I-VT), Jeanne Shaheen (D-NH), Brian Schatz (D-HI), Mazie K. Hirono (D-HI), Christopher Murphy (D-CT), Richard Blumenthal (D-CT), Tammy Baldwin (D-WI), Martin Heinrich (D-NM), Kirsten E. Gillibrand (D-NY), Jeff Merkley (D-OR), Ron Wyden (D-OR), Christopher A. Coons (D-DE), Charles E. Schumer (D-NY), Maria Cantwell (D-WA), Michael F. Bennet (D-CO)

Sponsor's campaign money: Sen. Reed, Jack [D-RI] reported raising $3.7 million (2025–2026). Details. Shown for context only; it does not mean any donor supported this bill.

Recorded votes

Words on this page, explained (1)
Rulemaking
The process agencies use to write regulations that carry out laws passed by Congress or a legislature. Usually an agency publishes a proposed rule, takes public comments, then publishes a final rule.

Plain meanings written from linked sources. All words.

Sources

Record fed-us-cong113-s1238 · catalog fed-us-congress-bills-cong113 · updated 2026-11-15 by psicol fed-bills-cong113