,i  #aacth ,,congress  #ast ,session    
,h4 ,r4 #ccga  ,,in ,,the ,,house ,,of  
,,representatives  ,october #bi1 #bjac  
,mr4 ,hinojosa 7for himself and ,mr4    
,castro of ,texas7 introduced the       
following bill2 which was referred to   
the ,committee on ,education and the    
,workforce  ,a ,,bill  ,to exempt       
certain education loans made by ,states 
from certain preferred lender           
requirements under the ,higher          
,education ,act of #aife4  #a4 ,short   
title ,this ,act may be cited as the    
,state ,loan ,access and ,student       
,protection ,act4  #b4 ,exception for   
certain education loans made by ,states 
,section #dhg7;h7 of the ,higher        
,education ,act of #aife 7#bj ,u4,s4,c4 
#ajid7;h77 is amended--  7#a7 in        
paragraph 7#a77;,b7--  7,a7 in clause   
7i71 by striking and at the end2  7,b7  
by inserting and at the end of clause   
7ii72 and  7,c7 by inserting after      
clause 7ii71 the following3  7iii7 in   
the case of education loans made by a   

,state 7and whose terms and conditions  
are established by the ,state71 which   
are recommended1 promoted1 or endorsed  
by the institution1 and that do not meet
 the requirement of clause 7i7 with     
respect to having not less than two     
lenders of such loans who are not       
affiliates of each other included on the
 preferred lender list--  7,i7 the      
institution's only actions to recommend1
 promote1 or endorse such loans are--   
7aa7 informing students and the families
 of such students about such loans2 and 
7bb7 providing financial aid packages   
that include such loans to students who 
have previously been awarded such loans2
  7,,ii7 the terms and conditions of    
such loans 7including interest rates1   
fees1 available repayment and           
forgiveness options1 and such other     
information as the ,secretary determines
 necessary7 are--  7aa7 using the form  
developed by the ,secretary under       
paragraph 7#c71 disclosed to the        
borrower and compared to the terms and  

conditions of a loan made under part ,d2
 and  7bb7 at least as favorable to     
borrowers as the terms and conditions of
 a loan under made under part ,d1 as    
determined in accordance with such      
criteria as may be established by the   
,secretary2 and  7,,iii7 the institution
 prominently discloses to borrowers the 
methods and criteria used by the        
institution to select such loans for the
 recommendation1 promotion1 or          
endorsement described in clause 7,i74  2
 and  7#b7 by adding at the end the     
following3  7#c7 ,comparison form ,not  
later than #f months after the date of  
the enactment of the ,state ,loan       
,access and ,student ,protection ,act1  
the ,secretary shall develop a form for 
the purposes of the disclosure and      
comparison required under paragraph     
7#a77;,b77iii77,,ii77aa74  7#d7 ,rule of
 construction ,nothing in this          
subsection shall be construed to require
 an institution to carry out the actions
 described in items 7aa7 and 7bb7 of    

paragraph 7#a77;,b77iii77,i74  4  #c4   
,inapplicability of title ,,iv          
negotiated rulemaking requirement and   
master calendar exception ,sections     
#dhb7;c7 and #dib of the ,higher        
,education ,act of #aife 7#bj ,u4,s4,c4 
#ajhi7;c71 #ajih;a7 shall not apply to  
the amendments made by section #b1 or to
 any regulations promulgated under those
 amendments4  #d4 ,effective date ,the  
amendments made by section #b7a7 shall  
be effective with respect to academic   
year #bjad-bjae and each succeeding     
academic year4