To ensure that no State experiences a net job loss as a result of the enactment of the SAFRA Act.

SA 3639. Mr. THUNE proposed an amendment to the bill H.R. 4872, to
provide for reconciliation pursuant to Title II of the concurrent
resolution on the budget for fiscal year 2010 (S. Con. Res. 13); as
follows:

Beginning on page 123, strike line 10 and all that follows
through page 124, line 10, and insert the following:

SEC. 2201. TERMINATION OF FEDERAL FAMILY EDUCATION LOAN
APPROPRIATIONS.

Section 421 (20 U.S.C. 1071) is amended--
(1) in subsection (b), in the first sentence of the matter
following paragraph (6), by inserting ``, except that no sums
may be expended after June 30, 2010, with respect to loans
under this part for which the first disbursement is after
such date if the Secretary certifies that no State will
experience a net job loss as a result of the enactment of the
SAFRA Act'' after ``expended''; and
(2) by adding at the end the following new subsection:
``(d) Termination of Authority to Make or Insure New
Loans.--Notwithstanding paragraphs (1) through (6) of
subsection (b) or any other provision of law--
``(1) no new loans (including consolidation loans) may be
made or insured under this part after June 30, 2010 if the
Secretary certifies that no State will experience a net job
loss as a result of the enactment of the SAFRA Act; and
``(2) no funds are authorized to be appropriated, or may be
expended, under this Act or any other Act to make or insure
loans under this part (including consolidation loans) for
which the first disbursement is after June 30, 2010 if the
Secretary certifies that no State will experience a net job
loss as a result of the enactment of the SAFRA Act,

except as expressly authorized by an Act of Congress enacted
after the date of enactment of the SAFRA Act.''.
______