S.Amdt. 915
What it does: Adds SEC. __. POINT OF ORDER AGAINST INCREASING THE COSTS TO BORROWERS IN THE FEDERAL STUDENT LOAN PROGRAMS wherever appropriate
Sen. Jack Reed (D-RI)What it changes
1 change to S.Con.Res. 11
Adds SEC. __. POINT OF ORDER AGAINST INCREASING THE COSTS TO BORROWERS IN THE FEDERAL STUDENT LOAN PROGRAMS wherever appropriate
Adds a sectionInserted: SEC. __. POINT OF ORDER AGAINST INCREASING THE COSTS TO BORROWERS IN THE FEDERAL STUDENT LOAN PROGRAMS.
Inserted: (a) Point of Order.--It shall not be in order in the Senate to consider any bill, joint resolution, motion, amendment, amendment between the Houses, or conference report that would increase the cost to borrowers of Federal education loans made to students or on behalf of students, including a switch to fair value accounting rules.
Inserted: (b) Waiver and Appeal.--Subsection (a) may be waived or suspended in the Senate only by an affirmative vote of three-fifths of the Members, duly chosen and sworn. An affirmative vote of three-fifths of the Members of the Senate, duly chosen and sworn, shall be required to sustain an appeal of the ruling of the Chair on a point of order raised under subsection (a).
The amendment doesn't say where this goes; the clerk decides.
Original wording
At the appropriate place, insert the following:
Read automatically from the Congressional Record. Check the original before relying on it.
As printed
SA 915. Mr. REED submitted an amendment intended to be proposed by him 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; which was ordered to lie on the table; as follows:
At the appropriate place, insert the following:
SEC. __. POINT OF ORDER AGAINST INCREASING THE COSTS TO BORROWERS IN THE FEDERAL STUDENT LOAN PROGRAMS.
(a) Point of Order.--It shall not be in order in the Senate to consider any bill, joint resolution, motion, amendment, amendment between the Houses, or conference report that would increase the cost to borrowers of Federal education loans made to students or on behalf of students, including a switch to fair value accounting rules.
(b) Waiver and Appeal.--Subsection (a) may be waived or suspended in the Senate only by an affirmative vote of three-fifths of the Members, duly chosen and sworn. An affirmative vote of three-fifths of the Members of the Senate, duly chosen and sworn, shall be required to sustain an appeal of the ruling of the Chair on a point of order raised under subsection (a).
Legislative Activity
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Senate amendment submitted
March 25, 2015
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Senate amendment submitted
March 25, 2015
Senate amendment submitted
March 25, 2015