S.Amdt. 1457

SA 1457. 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 title III, add the following:

SEC. 3___. DEFICIT-NEUTRAL RESERVE FUND RELATING TO
ELIMINATING NEGATIVE SUBSIDIES IN THE FEDERAL
STUDENT LOAN PROGRAM AND REDUCING COSTS FOR
BORROWERS.

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,
and make adjustments to the pay-as-you-go ledger, for one or
more bills, joint resolutions, amendments, amendments between
the Houses, motions, or conference reports relating to
reforming the Federal student loan programs under title IV of
the Higher Education Act of 1965 (20 U.S.C. 1070 et seq.) to
eliminate negative subsidies and reduce costs for borrowers,
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 2018 through 2022 or the period of the total of fiscal
years 2018 through 2027.
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