S.Amdt. 3999

SA 3999. Ms. WARREN submitted an amendment intended to be proposed to
amendment SA 3695 proposed by Mr. Shelby to the bill H.R. 6157, making
appropriations for the Department of Defense for the fiscal year ending
September 30, 2019, and for other purposes; which was ordered to lie on
the table; as follows:

At the appropriate place in title III of division B, insert
the following:
Sec. ___.  (a) 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)(1) 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) 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) 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) 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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