,,ii  #aaeth ,,congress  #ast ,session  
,s4 #bbfh  ,,in ,,the ,,senate ,,of     
,,the ,,united ,,states  ,december #ba1 
#bjag,mr4 ,booker 7for himself1 ,mr4    
,perdue1 ,mr4 ,kaine1 ,mr4 ,brown1 and  
,ms4 ,harris7 introduced the following  
bill2 which was read twice and referred 
to the ,committee on ,health1           
,education1 ,labor1 and ,pensions  ,a   
,,bill  ,to amend the ,higher ,education
 ,act of #aife to modify certain        
provisions relating to the capital      
financing of historically ,black        
colleges and universities4  #a4 ,short  
title ,this ,act may be cited as the    
,,hbcu ,capital ,financing ,improvement 
,act4  #b4 ,bond insurance ,section #cdc
 of the ,higher ,education ,act of #aife
 7#bj ,u4,s4,c4 #ajff;b7 is amended--   
7#a7 by striking an escrow account each 
place the term appears and inserting a  
bond insurance fund2  7#b7 by striking  
the escrow account each place the term  
appears and inserting the bond insurance
 fund2 and  7#c7 by striking such escrow

 account and inserting such bond        
insurance fund4  #c4 ,strengthening     
technical assistance ,paragraph 7#i7 of 
section #cde of the ,higher ,education  
,act of #aife 7#bj ,u4,s4,c4 #ajff;d7 is
 amended to read as follows3  7#i7 may1 
directly or by grant or contract1       
provide financial counseling and        
technical assistance to eligible        
institutions to prepare the institutions
 to qualify1 apply for1 and maintain a  
capital improvement loan1 including a   
loan under this part2 and  4  #d4 ,,hbcu
 ,capital ,financing ,advisory ,board   
,paragraph 7#b7 of section #cdg7;c7 of  
the ,higher ,education ,act of #aife    
7#bj ,u4,s4,c4 #ajff;f7c77 is amended to
 read as follows3  7#b7 ,report ,on an  
annual basis1 the ,advisory ,board shall
 prepare and submit to the authorizing  
committees a report on the status of the
 historically ,black colleges and       
universities described in paragraph     
7#a77;,a74 ,that report shall also      
include--  7,a7 an overview of all loans

 in the capital financing program1      
including the most recent loans awarded 
in the fiscal year in which the report  
is submitted2 and  7,b7 administrative  
and legislative recommendations1 as     
needed1 for addressing the issues       
related to construction financing facing
 historically ,black colleges and       
universities4  4