S.Amdt. 3648
What it does: Adds SEC. 2214. DIRECT LOAN ORIGINATION FEE REDETERMINATION on page 144, between lines 2 and 3
Sen. Tom Coburn (R-OK)What it changes
1 change to H.R. 4872
Adds SEC. 2214. DIRECT LOAN ORIGINATION FEE REDETERMINATION on page 144, between lines 2 and 3
Adds a sectionPrinted pageInserted: SEC. 2214. DIRECT LOAN ORIGINATION FEE REDETERMINATION.
Inserted: Notwithstanding section 455(c) of the Higher Education Act of 1965 (20 U.S.C. 1087e(c)), the Secretary of Education shall determine under such section an increase to the origination fee charged to a borrower of a loan made under part D of title IV of such Act (20 U.S.C. 1087a et seq.) for the subsequent award year to take into account any increase in actual program costs for the Federal Direct Loan Program under such part D, as determined by the Office of Management and Budget in the program re-estimate contained in the President's current fiscal year budget.
Original wording
On page 144, between lines 2 and 3, insert the following:
Read automatically from the Congressional Record. Check the original before relying on it.
As printed
SA 3648. Mr. COBURN submitted an amendment intended to be proposed by him 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:
On page 144, between lines 2 and 3, insert the following:
SEC. 2214. DIRECT LOAN ORIGINATION FEE REDETERMINATION.
Notwithstanding section 455(c) of the Higher Education Act of 1965 (20 U.S.C. 1087e(c)), the Secretary of Education shall determine under such section an increase to the origination fee charged to a borrower of a loan made under part D of title IV of such Act (20 U.S.C. 1087a et seq.) for the subsequent award year to take into account any increase in actual program costs for the Federal Direct Loan Program under such part D, as determined by the Office of Management and Budget in the program re-estimate contained in the President's current fiscal year budget.
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Senate amendment submitted
March 24, 2010