S.Amdt. 2353
What it does: Inserts new text on page 391, between lines 2 and 3
Sen. Patty Murray (D-WA)What it changes
1 change to S. 1932
Inserts new text on page 391, between lines 2 and 3
InsertsPrinted pageInserted: (c) Prospective Termination of 9.5 Percent Minimum Special Allowance Payment.--Section 438(b)(2)(B) of the Higher Education Act of 1965 (20 U.S.C. 1087-1(b)(2)(B)) is amended by adding at the end the following:
Inserted: "(vi) Notwithstanding clauses (i), (ii), and (v), the quarterly rate of the special allowance shall be the rate determined under subparagraph (A), (E), (F), (G), (H), or (I), as the case may be, for a holder of loans--
Inserted: "(I) that were made or purchased on or after the date of enactment of this clause; or
Inserted: "(II) that were not earning a quarterly rate of special allowance determined under clause (i) or (ii) as of the date of enactment of this clause.".
Original wording
On page 391, between lines 2 and 3, insert the following:
Read automatically from the Congressional Record. Check the original before relying on it.
As printed
SA 2353. Mrs. MURRAY submitted an amendment intended to be proposed by her to the bill S. 1932, to provide for reconciliation pursuant to section 202(a) of the concurrent resolution on the budget for fiscal year 2006 (H. Con. Res. 95); which was ordered to lie on the table; as follows:
On page 391, between lines 2 and 3, insert the following:
(c) Prospective Termination of 9.5 Percent Minimum Special Allowance Payment.--Section 438(b)(2)(B) of the Higher Education Act of 1965 (20 U.S.C. 1087-1(b)(2)(B)) is amended by adding at the end the following:
“(vi) Notwithstanding clauses (i), (ii), and (v), the quarterly rate of the special allowance shall be the rate determined under subparagraph (A), (E), (F), (G), (H), or (I), as the case may be, for a holder of loans--
“(I) that were made or purchased on or after the date of enactment of this clause; or
“(II) that were not earning a quarterly rate of special allowance determined under clause (i) or (ii) as of the date of enactment of this clause.”.
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Senate amendment submitted
November 1, 2005