Proposed Legislation: 108th Congress

Summaries of relevant legislation introduced in the 108th Congress (2003-04) are listed below. Each summary also contains a link to the Library of Congress' Thomas information service, which provides the bill's full text and latest legislative activity.

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Senate Bill 1409 - Enhance Education, Housing Assistance for Veterans

August 2007
S.1409: The “21st Century GI Bill of Rights Act of 2007” is aimed at expanding educational, housing, and entrepreneurial opportunities for soldiers, veterans and their families. Among the benefits of the bill are funding for service members of eight college semesters of tuition, fees, books and board. Also, the bill would provide veterans with microloans for “entrepreneurial ventures” of up to $100,000 that have interest rates capped at 2.5% and that don’t require collateral. The bill was introduced in May… more

Financial Literacy Community Outreach Act S 1532

March 2007
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Prevention of Predatory Lending Through Education Act HR 1865

March 2007
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Fair and Accurate Credit Transactions Act HR 2622

March 2007
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Financial Literacy Enhancement Act HR 3294

March 2007
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Financial Literacy and Education Coordinating Act S 1470

March 2007
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Sample KIDS Account Accumulation Scenarios

March 2007
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Nontraditional Student Success Act S 2360

April 2004
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Affordability in Higher Education Act HR 3311

October 2003
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Expanding Opportunities in Higher Education Act HR 3039

September 2003
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Community Development Homeownership Tax Credit Act S 875

April 2003

This bill differs slightly from the New Homestead Economic Opportunity Act (S. 198), which is the other homeownership tax credit bill pending in the Senate. The Community Development Homeownership Tax Credit Act (S. 875) has a recapture penalty during the first five years of ownership, while S. 198 has a recapture penalty during the first three years. Additionally, this bill has a set aside of 10 percent of the tax credits for non-profit organizations and includes rural areas and Native… more

New Homestead Economic Opportunity Act S 198

January 2003

This bill differs slightly from the Community Development Homeownership Tax Credit Act (S. 875), which is the other homeownership tax credit bill pending in the Senate. The New Homestead Economic Opportunity Act (S. 198) has a recapture penalty during the first three years of ownership, while S. 875 has a recapture penalty during the first five years. Additionally, S. 875 has a set aside of 10 percent of the tax credits for non-profit organizations and includes rural areas and Native… more