,i  #aaf? ,,congress  #a/ ,session  ,h4 
,r4 #bahf  ,,9 ,,! ,,h\se ,,(           
,,repres5tatives  ,april #i1 #bjai,mr4  
,pocan 7= himself1 ,mr4 ,gro?man1 ,mr4  
,payne1 ,ms4 ,jayapal1 ,ms4 ,lee (      
,cali=nia1 ,mr4 ,?ompson ( ,mississippi1
 ,mr4 ,bey]1 ,mr4 ,s*iff1 ,mr4 ,khanna1 
,mr4 ,coh51 ,mr4 ,ru%1 ,ms4 ,br[nley (  
,cali=nia1 ,mr4 ,s*rad]1 ,mr4 ,br5dan   
,f4 ,boyle ( ,p5nsylvania1 ,ms4 ,m5g1   
,mr4 ,wel*1 ,mr4 ,loebsack1 ,mr4 ,pet]s1
 ,mr4 ,l[5?al1 ,ms4 ,moore1 ,mr4 ,rask91
 ,mr4 ,mal9[ski1 & ,ms4 ,wass]man       
,s*ultz7 introduc$ ! foll[+ bill2 :i* 0 
ref]r$ to ! ,committee on ,education &  
,labor  ,a ,,bill  ,to au?orize borr[]s 
( loans "u ! ,william ,d4 ,=d ,f$]al    
,direct ,loan ,program to modify !      
int]e/ rate ( su* loans to be equal to !
 int]e/ rate = su* loans at ! "t (      
modification4  #a4 ,%ort title ,?is ,act
 may be cit$ z ! ,/ud5t ,loan ,ref9anc+ 
,act4  #b4 ,borr[] modification ( int]e/
 rates "u ! ,william ,d4 ,=d ,f$]al     
,direct ,loan ,program ,section #dee7;b7

 ( ! ,high] ,education ,act ( #aife 7#bj
 ,u4,s4,c4 #ajhg;e7b77 is am5d$ by add+ 
at ! end ! foll[+ new p>agraph3  7#aa7  
,borr[] modification ( int]e/ rate  7,a7
 ,modification ,not)/&+ ! prec$+        
p>agraphs ( ?is subsection1 ! borr[] ( a
 ,f$]al ,direct ,/af=d ,loan1 a ,f$]al  
,direct ,unsubsidiz$ ,/af=d ,loan1 a    
,f$]al ,direct ,,plus ,loan1 or a ,f$]al
 ,direct ,consolidation ,loan may elect 
to modify ! int]e/ rate ( ! loan to be  
equal to ! int]e/ rate t w\ld be        
applicable to su* loan if su* loan 7    
fir/ disburs$ 7or 9 ! case ( a ,f$]al   
,direct ,consolidation ,loan1 fir/      
appli$ =7 on ! date on :i* su* borr[]   
elects to modify ! int]e/ rate ( su*    
loan4  7,b7 ,fix$ rate ,except z provid$
 9 subp>agraph 7,c71 an int]e/ rate     
elect$ "u subp>agraph 7,a7 = a loan %all
 be fix$ = ! life ( ! loan4  7,c7       
,cont9u+ au?ority to modify ,a borr[]   
may elect to modify ! int]e/ rate ( a   
loan 9 accordance ) subp>agraph 7,a7--  
7i7 at any "t dur+ ! life ( ! loan2 &   

7ii7 any numb] ( times dur+ ! life ( !  
loan1 except t a borr[] may n modify !  
int]e/ rate ( ! loan m ?an once 9 a     
six-mon? p]iod4  4