To make technical corrections in the Ensuring Continued Access to Student Loans Act of 2008.

Referred to the House Committee on Education and Labor.

Congressional Research Service

Official summary

Version 00 · Introduced in House · Sep 25, 2008

Amends the Higher Education Act of 1965 to make technical corrections to the Ensuring Continued Access to Student Loans Act of 2008.

Clarifies the Secretary of Education's authority to purchase, or enter into and fund forward commitments to purchase, until July 2010, Federal Family Education Loans (FFELs) from lenders when there is an inadequate availability of loan capital to meet the demand for such loans. Includes, within such purchase authority, FFELs that qualify for loan rehabilitation under the Default Reduction program.

Conditions the Secretary's purchase or forward commitment to purchase FFELs on lender agreement to originate or purchase new FFELs. (Currently, they are required to use the funds from such purchases to engage in such activities.)

Requires the Secretary to contract with the current servicers of FFELs the Secretary is purchasing for the continued servicing of such loans, provided certain conditions are met. (Currently, the Secretary is authorized to enter into servicing agreements with willing lenders whose loans are being purchased.)

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People & committees

Who introduced it

Rep. McKeon, Howard P. "Buck" [R-CA-25] · R–CA

Committees

Education and Workforce Committee

11 cosponsorship records, including any withdrawals

Legislative record

Actions

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Sep 25, 2008
Referred to the House Committee on Education and Labor.
Sep 25, 2008
Introduced in House
Sep 25, 2008
Introduced in House

Primary sources

Bill text & related measures

Text links open the official source. We currently store references to these documents.

Introduced in House · Sep 25, 2008 Formatted Text PDF Formatted XML

Related bills identified by Congress.gov

No related bills are listed in this snapshot. This does not establish whether the proposal has appeared in earlier Congresses.

Source last updated: Jul 21, 2025. Consult Congress.gov for the current record.

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Objective

Analyze H.R.7072 as objectively as possible. Explain its main provisions, who would be affected, possible benefits and harms, implementation, exceptions, and uncertainties. Present the strongest arguments for and against it, and identify evidence needed to assess its public impact.

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Discuss H.R.7072, 110th Congress: To make technical corrections in the Ensuring Continued Access to Student Loans Act of 2008.

Official record: https://www.congress.gov/bill/110th-congress/house-bill/7072

Text version to examine: Introduced in House · 2008-09-25.

Official full text: https://www.congress.gov/110/bills/hr7072/BILLS-110hr7072ih.htm

Imported record last updated by the source: 2025-07-21T19:46:35Z. Verify current status and distinguish any later version from the version above.

Read the official text before answering. If you cannot access it, say so and ask me to provide it; do not assume a link means you have read the document. Distinguish proposals from enacted law, cite sources, and separate facts, interpretation, and uncertain predictions. Include counterarguments even when using a particular perspective.

Analyze H.R.7072 as objectively as possible. Explain its main provisions, who would be affected, possible benefits and harms, implementation, exceptions, and uncertainties. Present the strongest arguments for and against it, and identify evidence needed to assess its public impact.

Fairness and public impact

Progressive lens

Examine H.R.7072 through a progressive lens, focusing on fairness, access, economic inequality, and effects on vulnerable communities. Explain potential benefits, costs, and unintended consequences. Consider the strongest counterarguments and distinguish stated goals from demonstrated outcomes.

View full prompt & sources

Discuss H.R.7072, 110th Congress: To make technical corrections in the Ensuring Continued Access to Student Loans Act of 2008.

Official record: https://www.congress.gov/bill/110th-congress/house-bill/7072

Text version to examine: Introduced in House · 2008-09-25.

Official full text: https://www.congress.gov/110/bills/hr7072/BILLS-110hr7072ih.htm

Imported record last updated by the source: 2025-07-21T19:46:35Z. Verify current status and distinguish any later version from the version above.

Read the official text before answering. If you cannot access it, say so and ask me to provide it; do not assume a link means you have read the document. Distinguish proposals from enacted law, cite sources, and separate facts, interpretation, and uncertain predictions. Include counterarguments even when using a particular perspective.

Examine H.R.7072 through a progressive lens, focusing on fairness, access, economic inequality, and effects on vulnerable communities. Explain potential benefits, costs, and unintended consequences. Consider the strongest counterarguments and distinguish stated goals from demonstrated outcomes.

Institutions and government scope

Conservative lens

Examine H.R.7072 through a conservative lens, focusing on fiscal responsibility, institutional stability, federalism, and the scope of government. Explain potential benefits, costs, and unintended consequences. Consider the strongest counterarguments and any provisions that challenge this perspective.

View full prompt & sources

Discuss H.R.7072, 110th Congress: To make technical corrections in the Ensuring Continued Access to Student Loans Act of 2008.

Official record: https://www.congress.gov/bill/110th-congress/house-bill/7072

Text version to examine: Introduced in House · 2008-09-25.

Official full text: https://www.congress.gov/110/bills/hr7072/BILLS-110hr7072ih.htm

Imported record last updated by the source: 2025-07-21T19:46:35Z. Verify current status and distinguish any later version from the version above.

Read the official text before answering. If you cannot access it, say so and ask me to provide it; do not assume a link means you have read the document. Distinguish proposals from enacted law, cite sources, and separate facts, interpretation, and uncertain predictions. Include counterarguments even when using a particular perspective.

Examine H.R.7072 through a conservative lens, focusing on fiscal responsibility, institutional stability, federalism, and the scope of government. Explain potential benefits, costs, and unintended consequences. Consider the strongest counterarguments and any provisions that challenge this perspective.

Individual rights and government power

Liberty lens

Examine H.R.7072 through a civil-liberties and limited-government lens. Consider individual rights, privacy, voluntary choice, accountability, and government power. Explain tradeoffs, possible safeguards, and the strongest counterarguments without assuming the proposal is beneficial or harmful.

View full prompt & sources

Discuss H.R.7072, 110th Congress: To make technical corrections in the Ensuring Continued Access to Student Loans Act of 2008.

Official record: https://www.congress.gov/bill/110th-congress/house-bill/7072

Text version to examine: Introduced in House · 2008-09-25.

Official full text: https://www.congress.gov/110/bills/hr7072/BILLS-110hr7072ih.htm

Imported record last updated by the source: 2025-07-21T19:46:35Z. Verify current status and distinguish any later version from the version above.

Read the official text before answering. If you cannot access it, say so and ask me to provide it; do not assume a link means you have read the document. Distinguish proposals from enacted law, cite sources, and separate facts, interpretation, and uncertain predictions. Include counterarguments even when using a particular perspective.

Examine H.R.7072 through a civil-liberties and limited-government lens. Consider individual rights, privacy, voluntary choice, accountability, and government power. Explain tradeoffs, possible safeguards, and the strongest counterarguments without assuming the proposal is beneficial or harmful.