S.Amdt. 1898

SA 1898. Mrs. MURRAY submitted an amendment intended to be proposed
to amendment SA 1463 proposed by Mr. McCain to the bill H.R. 1735, to
authorize appropriations for fiscal year 2016 for military activities
of the Department of Defense, for military construction, and for
defense activities of the Department of Energy, to prescribe military
personnel strengths for such fiscal year, and for other purposes; which
was ordered to lie on the table; as follows:

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

SEC. 1085. NOTICE REGARDING MAXIMUM RATE OF INTEREST ON
STUDENT LOANS UNDER SERVICEMEMBERS CIVIL RELIEF
ACT.

Section 105 of the Servicemembers Civil Relief Act (50
U.S.C. App. 515) is amended--
(1) by striking ``The Secretary'' and inserting the
following:
``(a) In General.--The Secretary''; and
(2) by adding at the end the following new subsection:
``(b) Student Loans.--Each servicer of a loan made,
insured, or guaranteed under Part B, D, or E of title IV of
the HIgher Education Act of 1965 (20 U.S.C. 1071 et seq.,
1087a et seq., 1087aa et seq.) shall, not later than 30 days
after the date on which a servicemember with a student loan
serviced by such servicer that is subject to subsection (a)
of section 207 begins a period of military service, notify
such servicemember of the servicemember's rights under this
act.''.
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