S.Amdt. 2628

SA 2628. Ms. WARREN submitted an amendment intended to be proposed to
amendment SA 2282 submitted by Mr. Inhofe (for himself and Mr. McCain)
and intended to be proposed to the bill H.R. 5515, to authorize
appropriations for fiscal year 2019 for military activities of the
Department of Defense, for military construction, and for defense
activities of the Department of Energy, to prescribe military personnel
strengths for such fiscal year, and for other purposes; which was
ordered to lie on the table; as follows:

At the end of subtitle Eof title V, add the following:

SEC. 558. IMPLEMENTATION OF STUDENT LOAN BORROWER BENEFITS
FOR MEMBERS OF THE ARMED FORCES SERVING IN
CONFLICT.

(a) Agreements.--The Secretary of Defense shall enter into
any necessary agreements, including agreements with the
Internal Revenue Service and the Secretary of Education, to
carry out the activities described in this section.
(b) No Accrual of Interest.--
(1) In general.--The Secretary of Defense shall ensure that
student loan interest does not accrue for eligible Federal
Direct Loans of eligible military borrowers, in accordance
with the Federal prohibition on interest accrual for eligible
military borrowers under section 455(o) of the Higher
Education Act of 1965 (20 U.S.C. 1087e(o)).
(2) Eligible federal direct loan.--In this section, the
term eligible Federal Direct Loan means a loan made under
part D of title IV of the Higher Education Act of 1965 (20
U.S.C. 1087a et seq.) for which the first disbursement is
made on or after October 1, 2008.
(c) Compensation.--The Secretary of Defense shall ensure
that an eligible military borrower who qualified for the no
accrual of interest benefit under such section 455(o) during
any period beginning on or after October 1, 2008, and did not
receive the full benefit under such section for which the
borrower qualified, is provided compensation in an amount
equal to the amount of interest paid by the borrower that
would have been subject to that benefit.
(d) Borrower Request Not Required.--The Secretary of
Defense shall obtain or provide any information necessary to
implement the activities described in this section without
requiring a request from a borrower.
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