Student Aid and Fiscal Responsibility Act

The Student Aid and Fiscal Responsibility Act of 2009 (SAFRA; H.R. 3221) is a bill introduced in the U.S. House of Representatives of the 111th United States Congress by Congressman George Miller that would expand federal Pell Grants to a maximum of $5,500 in 2010 and tie increases in Pell Grant maximum values to annual increases in the Consumer Price Index plus 1%. It would also end the practice of federally subsidized private loans, using all federal student loan funding for Direct Loans and potentially cutting the federal deficit by $87 billion over 10 years. On September 17, 2009, the House approved the bill by a 253-171 margin.[1]

Student Aid and Fiscal Responsibility Act
Great Seal of the United States
Long titleSection 2, Division III of Health Care and Education Reconciliation Act.
Acronyms (colloquial)SAFRA
Enacted bythe 111th United States Congress
Citations
Statutes at Large124 Stat. 1071
Codification
Acts amendedPatient Protection and Affordable Care Act
Legislative history
  • Introduced in the House by George Miller (DCA)
  • Passed the House on September 17, 2009 (253-171)
  • Signed into law by President Barack Obama on March 30, 2010

On March 18, 2010, the text of this act was included as a rider on the Health Care and Education Reconciliation Act of 2010, signed into law on March 30, 2010, by President Obama[2] as an amendment to the Patient Protection and Affordable Care Act.

References

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  1. ^ "The Associated Press: House passes overhaul of college aid program". Google News. Archived from the original on September 24, 2009.
  2. ^ "Text of H.R.4872 as Reported in House: Health Care and Education Affordability Reconciliation Act of 2010 - U.S.... OpenCongress". www.opencongress.org. Archived from the original on March 13, 2012. Retrieved January 14, 2022.