S.Amdt. 3422

1. Adds SEC. 577. DEFERRAL OF PRINCIPAL OF FEDERAL STUDENT LOANS FOR CERTAIN PERIOD IN CONNECTION WITH RECEIPT OF ORDERS FOR MOBILIZATION FOR WAR OR NATIONAL EMERGENCY at the end of subtitle G of title V

   Adds a section

   In S. 2410 · Placed on Calendar Senate

   (c) Dependent Defined.--In this section, the term "dependent" means a person described in section 1072(2) of title 10, United States Code.

   Inserted: SEC. 577. DEFERRAL OF PRINCIPAL OF FEDERAL STUDENT LOANS FOR CERTAIN PERIOD IN CONNECTION WITH RECEIPT OF ORDERS FOR MOBILIZATION FOR WAR OR NATIONAL EMERGENCY.

   Inserted: (a) Federal Family Education Loans.--Section 428(b)(1)(M) of the Higher Education Act of 1965 (20 U.S.C. 1078(b)(1)(M)) is amended--

   Inserted: (1) in the matter preceding clause (i), by striking ", during any period";

   Inserted: (2) in clause (i), by striking "during which" and inserting "during any period during which";

   Inserted: (3) in clause (ii), by striking "during which" and inserting "during any period during which";

   Inserted: (4) in clause (iii)--

   Inserted: (A) by striking "during which" and inserting "during any period during which"; and

   Inserted: (B) in the matter following subclause (II), by striking " or" after the semicolon;

   Inserted: (5) by redesignating clause (iv) as clause (vi);

   Inserted: (6) by inserting after clause (iii) the following:

   Inserted: "(iv) in the case of any borrower who has received a call or order to duty described in subclause (I) or (II) of clause (iii), during the shorter of--

   Inserted: "(I) the period beginning on the date such call or order to duty is received by the borrower and ending on the first day of the service described in subclause (I) or (II) of clause (iii); and

   Show 38 more inserted paragraphsShow less

   Inserted: "(II) the 180-day period preceding the first day of such service;

   Inserted: "(v) notwithstanding clause (iv)--

   Inserted: "(I) in the case of any borrower described in such clause whose call or order to duty is cancelled before the first day of the service described in subclause (I) or (II) of clause (iii) because of a personal injury in connection with training to prepare for such service, during the period described in clause (iv) and during an additional period equal to the duration of such service, as specified by or otherwise determined in the original call or order to duty; and

   Inserted: "(II) in the case of any borrower whose call or order to duty is cancelled before the first day of such service for a reason other than an injury described in subclause (I), during the period beginning on the date the call or order to duty is received by the borrower and ending on the date that is 14 days after such call or order to duty is cancelled; and"; and

   Inserted: (7) in clause (vi) (as redesignated by paragraph (5)), by striking "not in excess" and inserting "during any period not in excess".

   Inserted: (b) Direct Loans.--Section 455(f)(2) of the Higher Education Act of 1965 (20 U.S.C. 1087e(f)(2)) is amended--

   Inserted: (1) in the matter preceding subparagraph (A), by striking "during any period";

   Inserted: (2) in subparagraph (A), by striking "during which" and inserting "during any period during which";

   Inserted: (3) in subparagraph (B), by striking "not in excess" and inserting "during any period not in excess";

   Inserted: (4) in subparagraph (C)--

   Inserted: (A) by striking "during which" and inserting "during any period during which"; and

   Inserted: (B) in the matter following clause (ii), by striking " or" after the semicolon;

   Inserted: (5) by redesignating subparagraph (D) as subparagraph (F);

   Inserted: (6) by inserting after subparagraph (C) the following:

   Inserted: "(D) in the case of any borrower who has received a call or order to duty described in clause (i) or (ii) of subparagraph (C), during the shorter of--

   Inserted: "(i) the period beginning on the date such call or order to duty is received by the borrower and ending on the first day of the service described in clause (i) or (ii) of subparagraph (C); and

   Inserted: "(ii) the 180-day period preceding the first day of such service;

   Inserted: "(E) notwithstanding subparagraph (D)--

   Inserted: "(i) in the case of any borrower described in such subparagraph whose call or order to duty is cancelled before the first day of the service described in clause (i) or (ii) of subparagraph (C) because of a personal injury in connection with training to prepare for such service, during the period described in subparagraph (D) and during an additional period equal to the duration of such service, as specified by or otherwise determined in the original call or order to duty; and

   Inserted: "(ii) in the case of any borrower whose call or order to duty is cancelled before the first day of such service for a reason other than an injury described in clause (i), during the period beginning on the date the call or order to duty is received by the borrower and ending on the date that is 14 days after such call or order to duty is cancelled; and"; and

   Inserted: (7) in subparagraph (F) (as redesignated by paragraph (5)), by striking "not in excess" and inserting "during any period not in excess".

   Inserted: (c) Perkins Loans.--Section 464(c)(2)(A) of the Higher Education Act of 1965 (20 U.S.C. 1087dd(c)(2)(A)) is amended--

   Inserted: (1) in the matter preceding clause (i), by striking "during any period";

   Inserted: (2) in clause (i), by striking "during which" and inserting "during any period during which";

   Inserted: (3) in clause (ii), by striking "not in excess" and inserting "during any period not in excess";

   Inserted: (4) in clause (iii), by striking "during which" and inserting "during any period during which";

   Inserted: (5) by redesignating clauses (iv) and (v) as clauses (vi) and (vii), respectively;

   Inserted: (6) by inserting after clause (iii) the following:

   Inserted: "(iv) in the case of any borrower who has received a call or order to duty described in subclause (I) or (II) of clause (iii), during the shorter of--

   Inserted: "(I) the period beginning on the date such call or order to duty is received by the borrower and ending on the first day of the service described in subclause (I) or (II) of clause (iii); and

   Inserted: "(II) the 180-day period preceding the first day of such service;

   Inserted: "(v) notwithstanding clause (iv)--

   Inserted: "(I) in the case of any borrower described in such clause whose call or order to duty is cancelled before the first day of the service described in subclause (I) or (II) of clause (iii) because of a personal injury in connection with training to prepare for such service, during the period described in clause (iv) and during an additional period equal to the duration of such service, as specified by or otherwise determined in the original call or order to duty; and

   Inserted: "(II) in the case of any borrower whose call or order to duty is cancelled before the first day of such service for a reason other than an injury described in subclause (I), during the period beginning on the date the call or order to duty is received by the borrower and ending on the date that is 14 days after such call or order to duty is cancelled;";

   Inserted: (7) in clause (vi) (as redesignated by paragraph (5)), by striking "not in excess" and inserting "during any period not in excess"; and

   Inserted: (8) in clause (vii) (as redesignated by paragraph (5)), by striking "during which" and inserting "during any period during which".

   Inserted: (d) Rule of Construction.--Nothing in the amendments made by this section shall be construed to authorize any refunding of any repayment of a loan.

   Inserted: (e) Applicability.--The amendments made by this section shall apply with respect to all loans made, insured, or guaranteed under title IV of the Higher Education Act of 1965 (20 U.S.C. 1070 et seq.).

   Original wording

   At the end of subtitle G of title V, add the following:

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

As printed