S.Amdt. 3672

1. Rewrites page 114, line 13 through page 123, line 8

   ReplacesPrinted page

   Removes page 114, line 13 through page 123, line 8 of the printed bill. See that page

   Inserted: PART I--EXTENSION OF ECASLA

   Inserted: SEC. 2101. EXTENSION OF STUDENT LOAN PURCHASE AUTHORITY.

   Inserted: Section 459A (20 U.S.C. 1087i-1) is amended--

   Inserted: (1) in subsections (a)(1), (a)(3)(A), and (f), by striking "July 1, 2010" and inserting "July 1, 2011"; and

   Inserted: (2) in subsection (e)--

   Inserted: (A) in the matter preceding clause (i) of paragraph (1)(A) and the matter preceding subparagraph (A) of paragraph (2), by striking "September 30, 2010" and inserting "September 30, 2011";

   Inserted: (B) in paragraph (2), by striking "February 15, 2011" and inserting "February 15, 2012"; and

   Inserted: (C) in paragraph (3), by striking "2010, and 2011" and inserting "2010, 2011, and 2012".

   Inserted: SEC. 2102. EXTENSION OF AUTHORITY TO DESIGNATE LENDERS FOR LENDER-OF-LAST-RESORT PROGRAM.

   Inserted: Section 428(j) (20 U.S.C. 1078(j)) is amended--

   Inserted: (1) in paragraph (6), by striking "June 30, 2010" and inserting "June 30, 2011";

   Inserted: (2) in paragraph (7), by striking "June 30, 2010" and inserting "June 30, 2011"; and

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   Inserted: (3) in paragraph (9)(A)--

   Inserted: (A) in the matter preceding subclause (I) of clause (ii), by striking "June 30, 2011" and inserting "June 30, 2012";

   Inserted: (B) in subclause (III) of clause (ii), by striking "June 30, 2010" and inserting "June 30, 2011"; and

   Inserted: (C) in the matter preceding subclause (I) of clause (iii), by striking "July 1, 2011" and inserting "July 1, 2012".

   Inserted: SEC. 2103. ONE-YEAR DELAY OF FFEL TERMINATION.

   Inserted: (a) One-Year Delay.--Title IV (as amended by part II) (20 U.S.C. 1070 et seq.) is further amended--

   Inserted: (1) in section 427A(l)(4), by inserting the following:

   Inserted: "(D) For a loan for which the first disbursement is made on or after July 1, 2010, and before July 1, 2011, 4.5 percent on the unpaid principal balance of the loan.";

   Inserted: (2) in section 438(c)(2)(B)--

   Inserted: (A) in clause (iii), by striking "; and" and inserting a semicolon;

   Inserted: (B) in clause (iv), by striking the period and inserting "; and"; and

   Inserted: (C) by adding at the end the following:

   Inserted: "(v) by substituting '0.0 percent' for '3.0 percent' with respect to loans for which the first disbursement of principal is made on or after July 1, 2010 and before July 1, 2011.";

   Inserted: (3) in section 456(a)(4)(A)(iii), by striking "2014" and inserting "2015"; and

   Inserted: (4) in section 458(a)(2), by striking "2010 through 2019" and inserting "2011 through 2019";

   Inserted: (5) in sections 458(a)(7)(B) and 459B(a)(3), by striking "2011" and inserting "2012";

   Inserted: (6) in the headings of sections 427A(l), 438(b)(2)(I), and 438(b)(2)(I)(vi), by striking "2010" and inserting "2011";

   Inserted: (7) in sections 421(b), 428B(a)(1), 458(a)(6)(B), and 459B(a)(3), subsections (f) and (j)(1) of section 428, subsections (c)(2)(B)(6) and (d)(2)(B) of section 438, and subsections (a)(1) and (g) of section 455, by striking "2010" and inserting "2011";

   Inserted: (8) in sections 421(d), 424(a), 427A(l), 428B(a)(1), 428C, 428H, 438(b)(2)(I), and 458(a)(7), and subsections (a) and (b)(1) of section 428, by striking "2010" each place the term appears and inserting "2011"; and

   Inserted: (9) in sections 424(a) and 456(c)(1)(B), by striking "2009" each place the term appears and inserting "2010".

   Inserted: (b) Delayed Implementation.--Notwithstanding section 2209(b)(2), 2210(b), or 2211(b) or any other provision of this title--

   Inserted: (1) subsection (a) and part II, and the amendments made by such subsection and part, shall not be effective until the day that is one year after the date of enactment of this Act; and

   Inserted: (2) sections 2210(b) and 2211(b) shall be applied, beginning on the date described in paragraph (1), by striking "July 1, 2010" and inserting "July 1, 2011".

   Inserted: SEC. 2104. ELIMINATION OF INCOME-BASED REPAYMENT CHANGES.

   Inserted: Notwithstanding any other provision of this title, section 2213 and the amendments made by such section shall have no force and effect.

   Original wording

   Beginning on page 114, strike line 13 and all that follows through line 8 on page 123 and insert the following:

Read automatically from the Congressional Record. Check the original before relying on it.

As printed