,i  #aaf? ,,congress  #b;d ,session  ,h4
 ,r4 #fcfc  ,,9 ,,! ,,h\se ,,(          
,,repres5tatives  ,m>* #bc1 #bjbj,ms4   
,pressley 7= h]self1 ,ms4 ,om>1 ,mr4    
,ri*mond1 ,mr4 ,wel*1 ,ms4 ,norton1 ,ms4
 ,velzquez1 ,ms4 ,ca/or ( ,florida1 ,mr4
 ,ru%1 ,mr4 ,g>ca ( ,ill9ois1 ,mr4      
,deut*1 ,ms4 ,tlaib1 ,ms4 ,cl>ke ( ,new 
,york1 ,ms4 ,s*ak[sky1 ,mr4 ,nadl]1     
,mrs4 ,napolitano1 ,ms4 ,ocasio-,cortez1
 ,mr4 ,grijalva1 ,mr4 ,c>son ( ,indiana1
 ,mr4 ,pocan1 & ,ms4 ,lee ( ,cali=nia7  
introduc$ ! foll[+ bill2 :i* 0 ref]r$ to
 ! ,committee on ,education & ,labor1 & 
9 addition to ! ,committee on ,ways &   
,means1 = 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 am5d ! ,high] ,education   
,act ( #aife to halt collection ( c]ta9 
/ud5t loans1 & = o!r purposes4  #a4     
,%ort title ,?is ,act may be cit$ z !   
,/ud5t ,debt ,em]g5cy ,relief ,act4  #b4
 ,paym5ts = /ud5t loan borr[]s z a      

result ( a national em]g5cy  7a7        
,paym5ts = /ud5t loan borr[]s dur+ a    
national em]g5cy  7#a7 ,9 g5]al ,"p ,g (
 title ,,iv ( ! ,high] ,education ,act (
 #aife 7#bj ,u4,s4,c4 #ajhh et seq47 is 
am5d$ by ins]t+ aft] section #dic;,d !  
foll[+3  #dic;,e4 ,paym5ts = /ud5t loan 
borr[]s dur+ a national em]g5cy  7a7    
,def9itions ,9 ?is section3 7#a7        
,coronavirus ,! t]m coronavirus has !   
mean+ giv5 ! t]m 9 section #ejf ( !     
,coronavirus ,prep>$ness & ,response    
,supplem5tal ,appropriations ,act1 #bjbj
 7,public ,law #aaf-abc74  7#b7         
,income-driv5 repaym5t ,! t]m           
income-driv5 repaym5t means-- 7,a7      
income-bas$ repaym5t au?oriz$ "u section
 #dic;,c = loans made1 insur$1 or       
gu>ante$ "u "p ,b or "p ,d2 or  7,b7    
income cont+5t repaym5t au?oriz$ "u     
section #dee7;e7 = loans made "u "p ,d4 
7#c7 ,involunt>y collection ,! t]m      
involunt>y collection means-- 7,a7 a    
wage g>ni%m5t au?oriz$ "u section       
#dhh;,a ( ?is ,act or section #cgbj;,d (

 title #ca1 ,unit$ ,/ates ,code2  7,b7 a
 r$uction ( tax refund by am\nt ( debt  
au?oriz$ "u section #cgbj;,a ( title    
#ca1 ,unit$ ,/ates ,code2  7,c7 a       
r$uction ( any o!r ,f$]al b5efit paym5t 
by adm9i/rative (fset au?oriz$ "u       
section #cgaf ( title #ca1 ,unit$ ,/ates
 ,code 7includ+ a b5efit paym5t due to  
an individual "u ! ,social ,security    
,act or any o!r provision describ$ 9    
subsection 7c77#c77;,a77i7 ( su*        
section72 &  7,d7 any o!r involunt>y    
collection activity4  7#d7 ,national    
em]g5cy ,! t]m national em]g5cy means-- 
7,a7 a public heal? em]g5cy relat$ to ! 
coronavirus t is decl>$ by ! ,secret>y (
 ,heal? & ,human ,s]vices pursuant to   
section #cai ( ! ,public ,heal? ,s]vice 
,act 7#db ,u4,s4,c4 #bdg;d72 or  7,b7 a 
national em]g5cy relat$ to ! coronavirus
 decl>$ by ! ,presid5t "u ! ,national   
,em]g5cies ,act 7#ej ,u4,s4,c4 #afja et 
seq474  7b7 ,national em]g5cy /ud5t loan
 repaym5t assi/ance  7#a7 ,au?ority ,^u 
! decl>ation ( a national em]g5cy1 !    

,secret>y %all = ea* borr[] ( a loan    
made1 insur$1 or gu>ante$ "u "p ,b1 ,d1 
or ,e1 pay ! total am\nt due = su* mon? 
on ! loan1 bas$ on ! paym5t plan select$
 by ! borr[] or ! borr[]'s loan /atus4  
7#b7 ,no capitalization ( int]e/ ,)     
respect to any loan dur+ a national     
em]g5cy p]iod1 int]e/ due on loans made1
 insur$1 or gu>ante$ "u "p ,b1 ,d1 or ,e
 dur+ su* p]iod %all n be capitaliz$ at 
any "t dur+ or aft] ! national em]g5cy4 
7#c7 ,applicability ( paym5ts ,any      
paym5t made by ! ,secret>y "u ?is       
section %all be consid]$ by ! ,secret>y1
 or by a l5d] ) respect to a loan made1 
insur$1 or gu>ante$ "u "p ,b-- 7,a7 z a 
qualify+ paym5t "u ! public s]vice loan 
=giv5ess program "u section #dee7m71 if 
! borr[] w\ld o!rwise qualify "u su*    
section2  7,b7 9 ! case ( a borr[]      
enroll$ 9 an income-driv5 repaym5t plan1
 z a qualify+ paym5t = ! purpose (      
calculat+ eligibility = loan =giv5ess = 
! borr[] 9 accordance ) section         
#dic;,c7b77#g7 or section               

#dee7;d77#a77;,d71 z ! case may be2 &   
7,c7 9 ! case ( a borr[] 9 default1 z an
 on-"t mon?ly paym5t = purposes ( loan  
rehabilitation pursuant to section      
#dbh;,f7a74  7#d7 ,report+ to consum]   
report+ ag5cies ,dur+ ! p]iod 9 :i* !   
,secret>y is mak+ paym5ts on a loan "u  
p>agraph 7#a71 ! ,secret>y %all ensure  
t1 = ! purpose ( report+ in=mation ab\t 
! loan to a consum] report+ ag5cy1 any  
paym5t made by ! ,secret>y is treat$ z  
if x 7 a regul>ly s*$ul$ paym5t made by 
a borr[]4  7#e7 ,notice ( paym5ts &     
program ,n lat] ?an #ae days foll[+ !   
date ( enactm5t ( ! ,/ud5t ,debt        
,em]g5cy ,relief ,act1 & mon?ly !reaft] 
dur+ ! p]iod ( a national em]g5cy1 !    
,secret>y %all provide a notice to all  
borr[]s ( loans made1 insur$1 or        
gu>ante$ "u "p ,b1 ,d1 or ,e-- 7,a7     
in=m+ borr[]s ( ! actions tak5 "u ?is   
section2  7,b7 provid+ borr[]s ) an     
easily accessible me?od to opt out ( !  
b5efits provid$ "u ?is section2 &  7,c7 
notify+ ! borr[] t ! program "u ?is     

section is a tempor>y program & w end   
aft] ! national em]g5cy ends4  7#f7     
,susp5sion ( involunt>y collection ,9 ! 
ev5t ( a national em]g5cy1 ! ,secret>y1 
or o!r hold] ( a loan made1 insur$1 or  
gu>ante$ "u "p ,b1 ,d1 or ,e1 %all      
imm$iately take action to halt all      
involunt>y collection relat$ to ! loan4 
7#g7 ,m&atory ,=be>ance ,dur+ ! p]iod 9 
:i* ! ,secret>y is mak+ paym5ts on a    
loan "u p>agraph 7#a71 ! ,secret>y1 or a
 l5d] or gu>anty ag5cy = a loan made "u 
"p ,b1 %all grant ! borr[] =be>ance1 9 !
 =m ( a tempor>y cessation ( all paym5ts
 on ! loan o!r ?an ! paym5ts ( int]e/ & 
pr9cipal on ! loan t are made "u t      
p>agraph4 ,9 ! case ( a borr[] :o is    
del9qu5t b :o is n yet 9 default prior  
to ! "t :5 ! ,secret>y beg9s mak+       
paym5ts "u p>agraph 7#a71 ! ,secret>y1  
or a l5d] or gu>anty ag5cy = a loan made
 "u "p ,b1 %all grant ! borr[] =be>ance 
retroactively to address any su*        
del9qu5cy4  7c7 ,waiv] ( int]e/ dur+    
national em]g5cy ,not)/&+ any o!r       

provision ( law1 ! ,secret>y %all pay   
any int]e/ t w\ld o!rwise be *>g$ or    
accrue dur+ a national em]g5cy on any   
loan made1 insur$1 or gu>ante$ "u "p ,b1
 ,d1 or ,e4  7d7 ,t]m9ation & transition
 p]iod ,secret>y %all make paym5ts on a 
loan "u subsection 7b77#a7 until !      
,secret>y is au?oriz$ by ,congress to   
cease mak+ su* paym5ts & to t]m9ate !   
program4 ,^u ! t]m9ation ( ! au?ority ( 
! ,secret>y to make paym5ts on a loan "u
 subsection 7b77#a71 ! ,secret>y %all   
c>ry out a program to provide = a       
transition p]iod ( #ij days1 beg9n+ on !
 day ! t]m9ation ( ! au?ority ( !       
,secret>y to make paym5ts on a loan "u  
subsection 7b77#a71 dur+ :i*-- 7#a7 !   
,secret>y %all provide n less ?an #c    
notices to borr[]s indicat+ :5 !        
borr[]'s normal paym5t obligations w    
resume2 &  7#b7 any miss$ paym5ts by a  
borr[] "u "p ,b1 ,d1 or ,e %all n-- 7,a7
 result 9 fees or p5alties2 or  7,b7 be 
report$ to any consum] report+ ag5cy or 
o!rwise impact ! borr[]'s cr$it hi/ory4 

7e7 ,implem5tation 9 ,,ffel entities ,to
 facilitate implem5tation ( ?is         
section-- 7#a7 l5d]s & gu>anty ag5cies  
hold+ loans made1 insur$1 or gu>ante$ "u
 "p ,b %all report1 to ! satisfaction ( 
! ,secret>y1 in=mation to v]ify at !    
borr[] level ! am\nt ( paym5ts made "u  
?is section2 &  7#b7 ! ,secret>y %all h 
! au?ority to e/abli% a paym5t s*$ule = 
purposes ( ?is section = loans made1    
insur$1 or gu>ante$ "u "p ,b & n held by
 ! ,secret>y4  7f7 ,waiv]s ,9 c>ry+ out 
?is section1 ! ,secret>y may waive !    
application (-- 7#a7 sub*apt] ,i ( *apt]
 #ce ( title #dd1 ,unit$ ,/ates ,code2  
7#b7 ! ma/] cal5d> requirem5ts "u       
section #dhb2  7#c7 negotiat$ rulemak+  
"u section #dib2 &  7#d7 ! requirem5t to
 publi% ! notices relat$ to ! sy/em (   
records ( ! ag5cy be=e implem5tation    
requir$ "u p>agraphs 7#d7 & 7#aa7 (     
section #eeb;a7e7 ( title #e1 ,unit$    
,/ates ,code 7commonly kn[n z ! ,privacy
 ,act ( #aigd71 except t ! notices %all 
be publi%$ n lat] ?an #ahj days aft] !  

date ( enactm5t ( ! ,/ud5t ,debt        
,em]g5cy ,relief ,act4  7g7             
,au?orization ( m&atory fund+ =         
implem5tation  7#a7 ,9 g5]al ,!re are   
au?oriz$ to be appropriat$1 & !re are   
appropriat$1 f am\nts 9 ! ,treasury n   
already appropriat$-- 7,a7 #ej1jjj1jjj =
 fiscal ye> #bjbj = ! co/s associat$ )  
implem5tation & coord9ation requir$ (   
?is section2 &  7,b7 su* sums z are     
necess>y to provide ! paym5ts & int]e/  
cancellation provid$ "u ?is section4    
7#b7 ,availability ,am\nts made         
available "u p>agraph 7#a7 %all-- 7,a7  
be 9 addition to any o!r am\nts         
available to c>ry out ?is section2 &    
7,b7 rema9 available until exp5d$4  4   
7#b7 ,,ffel am5dm5t ,section            
#dbh7;c77#h7 ( ! ,high] ,education ,act 
( #aife 7#bj ,u4,s4,c4 #ajgh7;c77#h77 is
 am5d$ by /rik+ & = :i* & all t foll[s  
?r\gh ?is subsection4  7b7 ,m9imum      
relief = /ud5t loan borr[]s z a result (
 a national em]g5cy ,"p ,g ( title ,,iv 
( ! ,high] ,education ,act ( #aife 7#bj 

,u4,s4,c4 #ajhh et seq471 z am5d$ by    
subsection 7a71 is fur!r am5d$ by ins]t+
 aft] section #dic;,e ! foll[+3         
#dic;,f4 ,m9imum relief = /ud5t loan    
borr[]s z a result ( a national em]g5cy 
7a7 ,m9imum /ud5t loan relief z a result
 ( a national em]g5cy ,n lat] ?an #ij   
days aft] t]m9ation ( ! au?ority ( !    
,secret>y to make paym5ts on a loan "u  
section #dic7;,e77b77#a71 ! ,secret>y   
%all1 = ea* borr[] ( a loan made "u "p  
,b1 ,d1 or ,e1 apply to ! total out/&+  
balance due on all su* loans ( ! borr[]1
 an am\nt equal to ! less] (-- 7#a7 !   
diff]5ce betwe5 #cj1jjj & ! total am\nt 
( paym5ts made by ! ,secret>y "u section
 #dic;,e7b7 on su* loans ( ! borr[] dur+
 ! p]iod ( "t :5 ! ,secret>y 0 au?oriz$ 
to make paym5ts on a loan "u section    
#dic;,e7b77#a72 or  7#b7 ! total am\nt (
 out/&+ pr9cipal & int]e/ due on su*    
loans ( ! borr[]1 z ( ! date ( !        
calculation "u ?is subsection4  7b7     
,data ,to implem5t ,contractors ( !     
,secret>y & l5d]s & gu>anty ag5cies     

hold+ loans made1 insur$1 or gu>ante$ "u
 "p ,b %all report1 to ! satisfaction ( 
! ,secret>y1 ! in=mation necess>y to    
calculate ! am\nt to be appli$ "u       
subsection 7a74  4  #c4 ,exclusion f    
gross income  7a7 ,9 g5]al ,"p ,,iii (  
sub*apt] ,b ( *apt] #a ( ! ,int]nal     
,rev5ue ,code ( #aihf is am5d$ by ins]t+
 aft] section #aci;,h ! foll[+ new      
section3  #aci;,i4 ,/ud5t loan paym5ts  
result+ f a national em]g5cy ,gross     
income %all n include any paym5t made on
 behalf ( ! taxpay] "u section          
#dic;,e7b77#a7 or #dic;,f ( ! ,high]    
,education ,act ( #aife4  4  7b7        
,cl]ical am5dm5t ,! table ( sections =  
"p ,,iii ( sub*apt] ,b ( *apt] #a ( !   
,int]nal ,rev5ue ,code ( #aihf is am5d$ 
by ins]t+ aft] ! item relat+ to section 
#aci;,h ! foll[+ new item3              
,sec4#aci;,i4 ,/ud5t loan paym5ts       
result+ f a national em]g5cy4  4  7c7   
,effective date ,! am5dm5ts made by ?is 
section %all apply to taxable ye>s      
beg9n+ aft] ,decemb] #ca1 #bjai4