PlainBillCongress, translated.Legislation. Context. Public interest.Referred to the Subcommittee on Postsecondary Education, Training and Life-Long Learning.
Congressional Research Service
Version 00 · Introduced in House · Jun 21, 1995
Authorizes the Secretary of Commerce to carry out an educational satellite loan guarantee program. Guarantees any lender against loss of principal or interest on a loan which is to be used solely to acquire and operate a communications satellite system dedicated to transmitting instructional programming. Restricts such a loan to a non-Federal, nonprofit, public corporation: (1) whose sole purpose is to acquire and operate such a system; (2) whose governing board includes members representing elementary and secondary education, vocational and technical education, community and State colleges, and universities; (3) whose charter is designed for affiliation with State and local instructional institutions and agencies and other distance learning and instructional resource providers; and (4) which is in existence as of January 1, 1992. Requires such corporation, before such loan is guaranteed, to have: (1) investigated all practical means to acquire a communications satellite system; (2) reported its findings to the Secretary; and (3) recommended the most cost-effective, high-quality communications satellite system for the purposes of this Act. Sets forth limitations on the amount of guaranteed loans to acquire such system and to operate and manage it for up to three years. Requires the lender to assign rights and interests in such system to the United States upon payment of such loan guarantee. Authorizes appropriations.
People & committees
Rep. Morella, Constance A. [R-MD-8] · R–MD
Legislative record
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Referred to the Subcommittee on Postsecondary Education, Training and Life-Long Learning.
Referred to the Subcommittee on Early Childhood, Youth and Families.
Sponsor introductory remarks on measure. (CR E1307)
Referred to the House Committee on Economic and Educational Opportunities.
Introduced in House
Introduced in House
Primary sources
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Source last updated: Jul 21, 2025. Consult Congress.gov for the current record.
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