,i  #aaf? ,,congress  #a/ ,session  ,h4 
,r4 #dbda  ,,9 ,,! ,,h\se ,,(           
,,repres5tatives  ,septemb] #f1         
#bjai,ms4 ,und]wood 7= h]self1 ,mr4     
,lev9 ( ,cali=nia1 & ,mrs4 ,luria7      
introduc$ ! foll[+ bill2 :i* 0 ref]r$ to
 ! ,committee on ,education & ,labor  ,a
 ,,bill  ,to am5d ! ,high] ,education   
,act ( #aife to r5ame ma/] promissory   
notes = loans made "u "p ,d to /ud5t    
loan contracts4  #a4 ,%ort title ,?is   
,act may be cit$ z ! ,/ud5t ,loan       
,contract ,act ( #bjai4  #b4 ,/ud5t loan
 contract & loan disclosures  7a7 ,/ud5t
 loan contract ,section #dcb7m77#a77;,d7
 ( ! ,high] ,education ,act ( #aife 7#bj
 ,u4,s4,c4 #ajhb7m77#a77;,d77 is am5d$  
by add+ at ! end ! foll[+3  7iv7 ,/ud5t 
loan contract  7,i7 ,9 g5]al ,any ma/]  
promissory note =m describ$ 9 ?is       
subp>agraph t is develop$ or us$ = loans
 made "u "p ,d = p]iods ( enrollm5t     
beg9n+ on or aft] ! date ( enactm5t ( ! 
,/ud5t ,loan ,contract ,act ( #bjai %all
 be ref]r$ to z a /ud5t loan contract4  

7,,ii7 ,cl>ification on use ,a /ud5t    
loan contract = loans made "u "p ,d = a 
/ud5t %all only be us$ ) respect to     
loans made "u "p ,d = ! p]iods (        
enrollm5t t are 9 ! same aw>d ye> = :i* 
! initial loans = :i* ! contract is us$ 
7 made4  4  7b7 ,con=m+ am5dm5ts        
,section #dhe7l77#b77;,b7 ( ! ,high]    
,education ,act ( #aife 7#bj ,u4,s4,c4  
#ajib7l77#b77;,b77 is am5d$ by ins]t+   
be=e ! p]iod at ! end ! foll[+3 or !    
/ud5t loan contract4  7c7 ,effective    
date ,! am5dm5ts made by ?is section    
%all take effect ) respect to academic  
ye> #bjai-bjbj & ea* succe$+ academic   
ye>4