Legal Opinion

Student Loan Marketing Ass'n v. Riley

District Court, District of Columbia

Decided November 16, 1995No. Civ. 95-717PublishedCited by 12 opinions

1Opinion of the Court

MEMORANDUM OPINION

SPORKIN, District Judge.

This matter comes before the Court on cross-motions for summary judgment. Plaintiff, Student Loan Marketing Association (“Sallie Mae”), challenges a provision of the Omnibus Budget Reconciliation Act of 1993 (the “Budget Act”) which imposes an annual fee on student loans which Sallie Mae acquires in the secondary market. 1 The annual fee is equal to 0.30 percent (30 basis points) of the principal amount of each loan Sallie Mae “holds.” Plaintiff seeks a declaratory judgment that the statutory provision is unconstitutional on its face as an…

2Cases cited30 opinions

  1. Celotex Corp. v. Catrett, Administratrix of the Estate of CatrettSupreme Court of the United States · 1986
  2. Conley v. GibsonSupreme Court of the United States · 1957
  3. Chevron U. S. A. Inc. v. Natural Resources Defense Council, Inc.Supreme Court of the United States · 1984
  4. Abbott Laboratories v. GardnerSupreme Court of the United States · 1967
  5. Penn Central Transportation Co. v. New York CitySupreme Court of the United States · 1978

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3Cited by12 opinions

  1. American Association of Cosmetology Schools v. Richard W. Riley, Secretary of EducationCourt of Appeals for the Ninth Circuit · 1999
  2. Calise Beauty School, Inc. v. RileyDistrict Court, S.D. New York · 1996
  3. BANK OF AMERICA NT & SA v. RileyDistrict Court, District of Columbia · 1996
  4. Adams v. DuncanDistrict Court, S.D. West Virginia · 2016
  5. Catanzano v. WingDistrict Court, W.D. New York · 1998

7 more not listed; retrieve them via the Exa API.

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