To establish a deficit-neutral reserve fund relating to manageable Federal student loan repayment options.
What it does: Adds SEC. ___. DEFICIT-NEUTRAL RESERVE FUND RELATING TO A SIMPLIFIED INCOME-DRIVEN STUDENT LOAN REPAYMENT OPTION wherever appropriate
Sen. Richard Burr (R-NC)What it changes
1 change to S.Con.Res. 11
Adds SEC. ___. DEFICIT-NEUTRAL RESERVE FUND RELATING TO A SIMPLIFIED INCOME-DRIVEN STUDENT LOAN REPAYMENT OPTION wherever appropriate
Adds a sectionInserted: SEC. ___. DEFICIT-NEUTRAL RESERVE FUND RELATING TO A SIMPLIFIED INCOME-DRIVEN STUDENT LOAN REPAYMENT OPTION.
Inserted: The Chairman of the Committee on the Budget of the Senate may revise the allocations of a committee or committees, aggregates, and other appropriate levels in this resolution for one or more bills, joint resolutions, amendments, amendments between the Houses, motions, or conference reports relating to addressing student loan debt, which may include reducing overlapping student loan repayment programs and creating a simplified income-driven student loan repayment option by the amounts provided in such legislation for those purposes, provided that such legislation would not increase the deficit over either the period of the total of fiscal years 2016 through 2020 or the period of the total of fiscal years 2016 through 2025.
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Original wording
At the appropriate place, insert the following:
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As printed
SA 622. Mr. BURR (for himself, Mr. King, Mr. Alexander, Mr. Warner, Mrs. Shaheen, and Ms. Ayotte) proposed an amendment to the concurrent resolution S. Con. Res. 11, setting forth the congressional budget for the United States Government for fiscal year 2016 and setting forth the appropriate budgetary levels for fiscal years 2017 through 2025; as follows:
At the appropriate place, insert the following:
SEC. ___. DEFICIT-NEUTRAL RESERVE FUND RELATING TO A SIMPLIFIED INCOME-DRIVEN STUDENT LOAN REPAYMENT OPTION.
The Chairman of the Committee on the Budget of the Senate may revise the allocations of a committee or committees, aggregates, and other appropriate levels in this resolution for one or more bills, joint resolutions, amendments, amendments between the Houses, motions, or conference reports relating to addressing student loan debt, which may include reducing overlapping student loan repayment programs and creating a simplified income-driven student loan repayment option by the amounts provided in such legislation for those purposes, provided that such legislation would not increase the deficit over either the period of the total of fiscal years 2016 through 2020 or the period of the total of fiscal years 2016 through 2025.
Legislative Activity
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Senate amendment submitted
March 25, 2015
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Senate amendment submitted
March 25, 2015
Senate amendment proposed (on the floor): Amendment SA 622 proposed by Senator Burr.(consideration: CR S1838-1839, S1842; text: CR S1838)
March 25, 2015
Senate amendment agreed to: Amendment SA 622 agreed to in Senate by Voice Vote.
March 25, 2015
Senate amendment submitted
March 25, 2015
Amendment SA 622 proposed by Senator Burr. (consideration: CR S1838-1839, S1842; text: CR S1838) To establish a deficit-neutral reserve fund relating to manageable Federal student loan repayment options.
March 25, 2015
Amendment SA 622 agreed to in Senate by Voice Vote.
March 25, 2015