S.Amdt. 3695
What it does: Rewrites page 143, lines 1–13
Sen. Lamar Alexander (R-TN)What it changes
1 change to H.R. 4872
Rewrites page 143, lines 1–13
ReplacesPrinted pageRemoves page 143, lines 1–13 of the printed bill. See that page
Inserted: (7) Interest rate disclosure.--
Inserted: (A) Provision of assistance.--The Secretary shall provide annual disclosures to student and parent borrowers of student loans under this part on the annual and cumulative difference of the interest rate and amounts owed in interest paid by the student, as compared to the interest rate paid by the Department of Education to the Department of the Treasury.
Inserted: (B) Funds.--There are authorized to be appropriated, and there are appropriated, to carry out this paragraph (in addition to any other amounts appropriated to carry out this paragraph and out of any money in the Treasury not otherwise appropriated), $5,000,000 for each of the fiscal years 2010 through 2019.
Original wording
On page 143, strike lines 1 through 13 and insert the following:
Read automatically from the Congressional Record. Check the original before relying on it.
As printed
SA 3695. Mr. ALEXANDER 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); which was ordered to lie on the table; as follows:
On page 143, strike lines 1 through 13 and insert the following:
“(7) Interest rate disclosure.--
“(A) Provision of assistance.--The Secretary shall provide annual disclosures to student and parent borrowers of student loans under this part on the annual and cumulative difference of the interest rate and amounts owed in interest paid by the student, as compared to the interest rate paid by the Department of Education to the Department of the Treasury.
“(B) Funds.--There are authorized to be appropriated, and there are appropriated, to carry out this paragraph (in addition to any other amounts appropriated to carry out this paragraph and out of any money in the Treasury not otherwise appropriated), $5,000,000 for each of the fiscal years 2010 through 2019.”.
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Senate amendment submitted
March 24, 2010