,i  #aae? ,,congress  #b;d ,session  ,h4
 ,r4 #eibh  ,,9 ,,! ,,h\se ,,(          
,,repres5tatives  ,may #bc1 #bjah,mr4   
,polis 7= himself1 ,mrs4 ,c>olyn ,b4    
,maloney ( ,new ,york1 ,mr4 ,scott (    
,virg9ia1 ,ms4 ,jayapal1 ,mr4           
,de,saulnier1 ,ms4 ,cl>ke ( ,new ,york1 
,mr4 ,ellison1 ,mr4 ,espaillat1 ,ms4    
,de,lauro1 ,ms4 ,moore1 ,ms4 ,adams1    
,mrs4 ,napolitano1 & ,mr4 ,p]lmutt]7    
introduc$ ! foll[+ bill2 :i* 0 ref]r$ to
 ! ,committee on ,ways & ,means1 & 9    
addition to ! ,committees on ,education 
& ! ,work=ce1 ,natural ,res\rces1 &     
,en]gy & ,comm]ce1 = a p]iod to be      
subsequ5tly det]m9$ by ! ,speak]1 9 ea* 
case = consid]ation ( su* provisions z  
fall )9 ! jurisdiction ( ! committee    
conc]n$  ,a ,,bill  ,to repeal ! ,tax   
,cuts & ,jobs ,act1 =give all out/&+    
,f$]al /ud5t loans1 & = o!r purposes4   
#a4 ,%ort title ,?is ,act may be cit$ z 
! ,/ud5ts ,ov] ,special ,int]e/s ,act4  
#b4 ,sunset ( public law #aae-ig  7a7 ,9
 g5]al ,all provisions (1 & am5dm5ts    

made by1 ,public ,law #aae-ig %all n    
apply to cal5d>1 taxable1 plan1 or      
limitation ye>s beg9n+ aft] ,decemb]    
#bb1 #bjag4  7b7 ,application ( c]ta9   
laws ,! ,int]nal ,rev5ue ,code ( #aihf  
%all be appli$ & adm9i/]$ to ye>s       
describ$ 9 subsection 7a7 z if !        
provisions & am5dm5ts describ$ 9        
subsection 7a7 _h nev] be5 enact$4  #c4 
,=giv5ess ( out/&+ ,f$]al /ud5t loans   
7a7 ,=giv5ess requir$ ,not)/&+ any o!r  
provision ( law1 n lat] ?an #ahj days   
aft] ! date ( ! enactm5t ( ?is ,act1 !  
,secret>y ( ,education %all =give !     
out/&+ balance ( int]e/ & pr9cipal due  
on all eligible ,f$]al /ud5t loans4  7b7
 ,me?od ( loan =giv5ess ,to provide !   
loan =giv5ess requir$ "u subsection 7a71
 ! ,secret>y is au?oriz$ to c>ry out a  
program--  7#a7 ?r\gh ! hold] ( ! loan1 
to assume ! obligation to repay ! out/&+
 balance ( int]e/ & pr9cipal due on a   
loan made1 insur$1 or gu>ante$ "u "p ,b 
( title ,,iv ( ! ,high] ,education ,act 
( #aife2 &  7#b7 to cancel ! out/&+     

balance ( int]e/ & pr9cipal due on a    
loan made "u "p ,d ( su* title4  7c7    
,exclusion f taxable income ,! am\nt ( a
 borr[]'s eligible ,f$]al /ud5t loans   
=giv5 "u ?is section %all n be includ$ 9
 ! gross income ( ! borr[] = purposes ( 
! ,int]nal ,rev5ue ,code ( #aihf4  7d7  
,def9ition ( eligible ,f$]al /ud5t loan 
,9 ?is section ! t]m eligible ,f$]al    
/ud5t loan means any loan made1 insur$1 
or gu>ante$ "u "p ,b or "p ,d ( title   
,,iv ( ! ,high] ,education ,act ( #aife4
  #d4 ,increase 9 ,f$]al ,pell ,grants2 
deficit r$uction  7a7 ,9 g5]al ,( !     
am\nt ( net co/ sav+s a*iev$ by sections
 #b & #c-- 7#a7 "o half %all be us$ by !
 ,secret>y ( ,education to increase !   
maximum ,f$]al ,pell ,grant "u section  
#dja ( ! ,high] ,education ,act ( #aife 
7#bj ,u4,s4,c4 #ajgj;a7 by an equal     
am\nt = ea* ( ! #aj aw>d ye>s beg9n+    
aft] ! date ( ! enactm5t ( ?is ,act2 &  
7#b7 "o half %all be us$ = ! purpose (  
deficit r$uction4  7b7 ,treatm5t z      
m&atory sp5d+ ,! am\nts provid$ "u      

subsection 7a77#a7 %all be available )\t
 fur!r appropriation4  7c7 ,cont9uation 
( maximum am\nt ,not)/&+ any o!r        
provision ( law1 ! am\nt ( ! maximum    
,f$]al ,pell ,grant "u section #dja ( ! 
,high] ,education ,act ( #aife 7#bj     
,u4,s4,c4 #ajgj;a7 = ea* aw>d ye> beg9n+
 aft] ! expiration ( ! p]iod describ$ 9 
subsection 7a77#a7 %all be n less ?an ! 
maximum am\nt det]m9$ = ! la/ aw>d ye> 9
 su* p]iod4