S.Amdt. 1456

SA 1456. Mr. REED (for himself and Ms. Warren) submitted an amendment
intended to be proposed to amendment SA 1116 proposed by Mr. Enzi to
the concurrent resolution H. Con. Res. 71, establishing the
congressional budget for the United States Government for fiscal year
2018 and setting forth the appropriate budgetary levels for fiscal
years 2019 through 2027; which was ordered to lie on the table; as
follows:

At the end of subtitle A of title IV, add the following:

SEC. 41__. 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).
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