To establish a deficit-neutral reserve fund relating to reforming student loan programs, which may include risk-sharing by institutions of higher education.

SA 986. Mr. REED (for himself, Mr. Alexander, Mr. Durbin, and Ms. Warren) 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 REFORMING STUDENT LOAN PROGRAMS.

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 student loan reform, which may include establishing a policy of risk-sharing to require institutions of higher education to assume some of the risk for student loans 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.