,i  #aaf? ,,congress  #a/ ,session  ,h4 
,r4 #cgea  ,,9 ,,! ,,h\se ,,(           
,,repres5tatives  ,july #ae1 #bjai,mr4  
,swalwell ( ,cali=nia 7= himself & ,ms4 
,e%oo7 introduc$ ! foll[+ bill2 :i* 0   
ref]r$ to ! ,committee on ,education &  
,labor  ,a ,,bill  ,to am5d ! ,high]    
,education ,act ( #aife to provide = !  
relief ( int]e/ on c]ta9 ,f$]al /ud5t   
loans4  #a4 ,%ort title ,?is ,act may be
 cit$ z ! ,no ,/ud5t ,loan ,int]e/ ,act4
  #b4 ,z]o-int]e/ rates = borr[]s (     
,f$]al /ud5t loans  7a7 ,int]e/ rate =  
"p ,b loans ,section #dbg;,a ( ! ,high] 
,education ,act ( #aife 7#bj ,u4,s4,c4  
#ajgg;a7 is am5d$ to read z foll[s3     
#dbg;,a4 ,applicable int]e/ rates       
,not)/&+ any o!r provision ( law1 beg9n+
 on ! date ( ! enactm5t ( ! ,no ,/ud5t  
,loan ,int]e/ ,act1 ! ,secret>y %all    
annually cancel or repay ! int]e/ on ea*
 loan made or insur$ "u ?is "p4  4  7b7 
,int]e/ rate = "p ,d loans ,section     
#dee7;b7 ( ! ,high] ,education ,act (   
#aife 7#bj ,u4,s4,c4 #ajhg;e7b77 is     

am5d$ to read z foll[s3  7b7 ,int]e/    
rates  7#a7 ,9 g5]al ,not)/&+ any o!r   
provision ( law1 loans made to borr[]s  
"u ?is "p %all h an applicable rate (   
int]e/ equal to z]o4  7#b7 ,rate ,!     
applicable rate ( int]e/ describ$ 9     
p>agraph 7#a7 %all be fix$ = ! p]iod ( !
 loan4  7#c7 ,rule = loans disburs$ be=e
 date ( enactm5t ,9 ! case ( a loan made
 "u ?is "p = :i* ! fir/ disbursem5t 0   
made be=e ! date ( ! enactm5t ( ! ,no   
,/ud5t ,loan ,int]e/ ,act1 ! ,secret>y  
%all--  7,a7 cancel all int]e/ due on   
su* a loan2 &  7,b7 adju/ ! int]e/ rate 
( su* loan 9 accordance ) p>agraph 7#a74
  4