,,ii  #aac? ,,congress  #a/ ,session    
,s4 #aggc  ,,9 ,,! ,,s5ate ,,( ,,!      
,,unit$ ,,/ates  ,novemb] #ba1 #bjac,mr4
 ,s*um] introduc$ ! foll[+ bill2 :i* 0  
read twice & ref]r$ to ! ,committee on  
,heal?1 ,education1 ,labor1 & ,p5sions  
,a ,,bill  ,to am5d ! ,tru? 9 ,l5d+ ,act
 to provide = ! dis*>ge ( /ud5t loan    
obligations ^u ! dea? or disability ( ! 
/ud5t borr[]1 & = o!r purposes4  #a4    
,%ort title ,?is ,act may be cit$ z !   
,&rew ,prior ,act or ,&rew's ,law4  #b4 
,dis*>ge ( private /ud5t loans ,section 
#abh7;e7 ( ! ,tru? 9 ,l5d+ ,act 7#ae    
,u4,s4,c4 #afch7;e77 is am5d$ by add+ at
 ! end ! foll[+3  7#ab7 ,dis*>ge (      
private educational loans 9 ! ev5t ( !  
dea? ( ! borr[]  7,a7 ,def9itions ,z us$
 9 ?is p>agraph-- 7i7 ! t]m cosign]--   
7,i7 means any individual :o is liable =
 ! obligation ( ano!r )\t comp5sation1  
reg>dless ( h[ designat$ 9 ! contract or
 in/rum5t relat+ to ! obligation2       
7,,ii7 includes any p]son ^: signature  
is reque/$ z a condition to grant cr$it 

or to =be> on collection2 &  7,,iii7    
does n include a sp\se ( an individual  
ref]r$ to 9 subclause 7,i7 ^: signature 
is ne$$ to p]fect ! security int]e/ 9 ! 
loan2  7ii7 ! t]m private educational   
l5d] has ! same mean+ z 9 section #adj2 
7iii7 ! t]m private education loan has !
 same mean+ z 9 section #adj2 &  7iv7 ! 
t]m totally & p]man5tly disabl$ means-- 
7,i7 ) respect to a p]son o!r ?an a     
vet]an1 t ! p]son is unable to engage 9 
any sub/antial ga9ful activity because (
 a m$ically det]m9able physical or m5tal
 impairm5t t-- 7aa7 c be expect$ to     
result 9 dea?2  7bb7 has la/$ = a       
cont9u\s p]iod ( n less ?an #fj mon?s2  
or  7cc7 c be expect$ to la/ = a        
cont9u\s p]iod ( n less ?an #fj mon?s2 &
  7,,ii7 9 ! case ( a vet]an 7z t t]m is
 def9$ 9 section #aja ( title #ch1      
,unit$ ,/ates ,code71 a det]m9ation f ! 
,secret>y ( ,vet]ans ,affairs t-- 7aa7  
su* p]son has a s]vice-connect$         
disability or s]vice-connect$           
disabilities t are #ajj p]c5t disabl+2  

or  7bb7 su* p]son is totally disabl$1  
bas$ on an ,individual ,unemployability 
det]m9ation by ! ,secret>y ( ,vet]ans   
,affairs4  7,b7 ,private educational    
loans dis*>g$ ,9 ! ev5t ( ! dea? ( a    
borr[] ( a private educational loan1 or 
if ! borr[] ( a private educational loan
 is totally & p]man5tly disabl$1 nei!r !
 e/ate ( ! borr[] nor any cosign] ( su* 
private educational loan %all be        
obligat$ to repay ! out/&+ pr9cipal or  
int]e/ on ! loan4  7,c7 ,limitations ,! 
,bureau-- 7i7 %all develop su* safegu>ds
 z may be necess>y & appropriate to     
prev5t fraud & abuse 9 ! dis*>ge (      
liability "u ?is subsection2 &  7ii7    
not)/&+ any o!r provision ( ?is         
subsection1 may promulgate regulations  
to re9/ate ! obligation ( loans dis*>g$ 
"u ?is subsection 9 any case 9 :i* !    
,director det]m9es necess>y to protect !
 public int]e/4  4  #c4 ,regulations ,! 
,director ( ! ,bureau ( ,consum]        
,f9ancial ,protection may issue su*     
regulations z may be necess>y &         

appropriate to c>ry out ?is ,act4