S.Amdt. 82

SA 82. Mr. RUBIO submitted an amendment intended to be proposed by
him to the concurrent resolution S. Con. Res. 5, setting forth the
congressional budget for the United States Government for fiscal year
2021 and setting forth the appropriate budgetary levels for fiscal
years 2022 through 2030; 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 REFORMING
THE FEDERAL DIRECT STUDENT LOAN SYSTEM.

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 Direct student loan system, which may
include eliminating interest and replacing it with a one-
time, non-compounding financing fee that borrowers will pay
over the life of the loan and placing borrowers in an income-
based repayment plan, to ensure that working-class Americans
are not further burdened with monthly repayments they are
unable to afford, 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 2021 through 2025 or the period of the total of
fiscal years 2021 through 2030.
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