S.Amdt. 1559

SA 1559. 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 STUDENT
LOAN REFINANCING.

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
student loan refinancing to help middle class families and
borrowers with outstanding Federal and private student loans
to refinance at the equivalent interest rates that were
offered to Federal student loan borrowers during the 2016-
2017 school year and to fully offset the cost of such a
program by requiring millionaires to pay at least a 30
percent effective Federal tax rate, 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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