,,ii  #aad? ,,congress  #a/ ,session    
,s4 #achd  ,,9 ,,! ,,s5ate ,,( ,,!      
,,unit$ ,,/ates  ,may #ai1 #bjae,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? ( ! /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 h]eby 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 #adj4  7,b7
 ,private educational loans dis*>g$ ,9 !
 ev5t ( ! dea? ( a borr[] ( a private   
educational loan1 nei!r ! e/ate ( !     
borr[] nor any cosign] ( su* private    
educational loan %all be obligat$ to    
repay ! out/&+ pr9ciple 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* ! ,secret>y 
det]m9es necess>y to protect ! public   
int]e/4  4  #c4 ,regulations ,! ,bureau 

( ,consum] ,f9ancial ,protection may    
issue su* regulations z may be necess>y 
& appropriate to c>ry out ?is ,act4