,,ii  #aaf? ,,congress  #a/ ,session    
,s4 #bafh  ,,9 ,,! ,,s5ate ,,( ,,!      
,,unit$ ,,/ates  ,july #ah1 #bjai,mr4   
,murphy 7= himself & ,mr4 ,udall7       
introduc$ ! foll[+ bill2 :i* 0 read     
twice & ref]r$ to ! ,committee on       
,heal?1 ,education1 ,labor1 & ,p5sions  
,a ,,bill  ,to e/abli% a /ud5t loan     
=giv5ess plan = c]ta9 borr[]s :o are    
employ$ at a qualifi$ f>m or ran*4  #a4 
,%ort title ,?is ,act may be cit$ z !   
,/ud5t ,loan ,=giv5ess = ,f>m]s &       
,ran*]s ,act4  #b4 ,loan =giv5ess =     
f>m]s & ran*]s  7a7 ,am5dm5t to ! ,,hea 
,"p ,d ( title ,,iv ( ! ,high]          
,education ,act ( #aife 7#bj ,u4,s4,c4  
#ajhg;a et seq47 is am5d$ by add+ at !  
end ! foll[+3  #dfj;,a4 ,loan =giv5ess =
 f>m]s & ran*]s  7a7 ,qualifi$ f>m or   
ran* ,9 ?is section1 ! t]m qualifi$ f>m 
or ran* means1 ) respect to a ye>1 a f>m
 or ran* ^: e>n+s ( gross rev5ue dur+ ! 
ye> f ! sale ( agricultural products    
are--  7#a7 n less ?an-- 7,a7 9 ! case (
 #bjai1 #ce1jjj2 &  7,b7 9 ! case ( any 

succe$+ ye>1 ! am\nt applicable "u ?is  
p>agraph = ! previ\s ye> increas$ by !  
e/imat$ p]c5tage *ange 9 ! ,consum]     
,price ,index 7z det]m9$ by ! ,secret>y1
 us+ ! def9ition 9 section #dgh7;f77 = !
 mo/ rec5t prec$+ ye>2 &  7#b7 n m ?an--
  7,a7 9 ! case ( #bjai1 #a1jjj1jjj2 &  
7,b7 9 ! case ( any succe$+ ye>1 ! am\nt
 applicable "u ?is p>agraph = ! previ\s 
ye> increas$ by ! e/imat$ p]c5tage *ange
 9 ! ,consum] ,price ,index 7z det]m9$  
by ! ,secret>y1 us+ ! def9ition 9       
section #dgh7;f77 = ! mo/ rec5t prec$+  
ye>4  7b7 ,9 g5]al ,! ,secret>y %all    
cancel ! balance ( int]e/ & pr9cipal    
due1 9 accordance ) subsection 7c71 on  
any eligible ,f$]al ,direct ,loan n 9   
default = a borr[] :o--  7#a7 at ! "t ( 
initial entrance into ! agricultural    
/ud5t loan =giv5ess program--  7,a7 is  
employ$ full-"t z an employee or manag] 
( a qualifi$ f>m or ran*2 &  7,b7 is--  
7i7 a beg9n+ f>m] or ran*] 7z def9$ "u  
section #cdc7;a7 ( ! ,consolidat$ ,f>m &
 ,rural ,developm5t ,act 7#g ,u4,s4,c4  

#aiia7;a7772  7ii7 an individual f a    
population t is und]repres5t$ 9 !       
agricultural pr(ession 7z det]m9$ by !  
,secret>y71 su* z m9orities or wom52    
7iii7 a socially disadvantag$ f>m] or   
ran*] 7z def9$ 9 section #cee7;e7 ( !   
,consolidat$ ,f>m & ,rural ,developm5t  
,act 7#g ,u4,s4,c4 #bjjc7;e7772 or  7iv7
 a vet]an f>m] or ran*] 7z def9$ 9      
section #beja7;a7 ( ! ,food1            
,agriculture1 ,cons]vation1 & ,trade    
,act ( #aiij 7#g ,u4,s4,c4 #bbgi7;a7772 
7#b7 makes #abj mon?ly paym5ts on !     
eligible ,f$]al ,direct ,loan aft] !    
date ( enactm5t ( ! ,/ud5t ,loan        
,=giv5ess = ,f>m]s & ,ran*]s ,act1      
pursuant to any "o or a comb9ation (--  
7,a7 paym5ts "u an income-bas$ repaym5t 
plan "u section #dic;,c2  7,b7 paym5ts  
"u a /&>d repaym5t plan "u section      
#dee7;d77#a77;,a71 bas$ on a #aj-ye>    
repaym5t p]iod2  7,c7 mon?ly paym5ts "u 
a repaym5t plan "u subsection 7d77#a7 or
 7g7 ( section #dee ( n less ?an !      
mon?ly am\nt calculat$ "u section       

#dee7;d77#a77;,a71 bas$ on a #aj-ye>    
repaym5t p]iod2 or  7,d7 paym5ts "u an  
income cont+5t repaym5t plan "u section 
#dee7;d77#a77;,d72  7#c7 is employ$     
full-"t z an employee or manag] ( a     
qualifi$ f>m or ran* at ! "t ( su*      
=giv5ess2 &  7#d7 has be5 employ$       
full-"t z an employee or manag] ( a     
qualifi$ f>m or ran* dur+ ! p]iod 9 :i* 
! borr[] makes ea* ( ! qualify+ paym5ts 
describ$ 9 p>agraph 7#b74  7c7 ,loan    
cancellation am\nt ,aft] ! conclusion ( 
! employm5t p]iod describ$ 9 subsection 
7b71 ! ,secret>y %all cancel !          
obligation to repay ! balance ( pr9cipal
 & int]e/ due z ( ! "t ( su*            
cancellation1 on ! eligible ,f$]al      
,direct ,loans made to ! borr[] "u ?is  
"p4  7d7 ,removal f ! program  7#a7 ,9  
g5]al ,subject to p>agraph 7#b71 !      
,secret>y %all remove a borr[] f !      
agricultural /ud5t loan =giv5ess program
 if ! borr[]--  7,a7 0 less ?an #dj ye>s
 old :5 ! borr[] ent]$ ! agricultural   
/ud5t loan =giv5ess program1 & t borr[] 

fails to be employ$ full-"t z an        
employee or manag] ( a qualifi$ f>m or  
ran* = a cumulative p]iod ( m ?an #g    
ye>s aft] ent]+ ! program2 or  7,b7 0   
#dj ye>s old or old] :5 ! borr[] ent]$ !
 agricultural /ud5t loan =giv5ess       
program1 & t borr[] fails to be employ$ 
full-"t z an employee or manag] ( a     
qualifi$ f>m or ran* = a cumulative     
p]iod ( m ?an #c ye>s aft] ent]+ !      
program4  7#b7 ,exception = milit>y     
s]vice ,! ,secret>y %all n consid] any (
 ! foll[+ z a p]iod ( "t c\nt+ t[>d     
removal f ! agricultural /ud5t loan     
=giv5ess program = purposes ( p>agraph  
7#a73  7,a7 ,"t s]v+ on active duty dur+
 a w> or o!r milit>y op]ation or        
national em]g5cy4  7,b7 ,"t p]=m+       
qualify+ ,national ,gu>d duty dur+ a w> 
or o!r milit>y op]ation or national     
em]g5cy4  7,c7 ,! #ahj-;day p]iod foll[+
 ! demobilization date = ! s]vice       
describ$ 9 subp>agraph 7,a7 or 7,b74    
7#c7 ,readmission prohibit$ ,! ,secret>y
 %all n all[ a borr[] :o has be5 remov$ 

f ! agricultural /ud5t loan =giv5ess    
program "u ?is section to be readmitt$  
to ! program1 unless ! ,secret>y f9ds t 
! borr[] has exp]i5c$ exceptional       
circum/ances4  7e7 ,eligible ,f$]al     
,direct ,loan ,! t]m eligible ,f$]al    
,direct ,loan means a ,f$]al ,direct    
,/af=d ,loan1 ,f$]al ,direct ,,plus     
,loan1 or ,f$]al ,direct ,unsubsidiz$   
,/af=d ,loan1 or a ,f$]al ,direct       
,consolidation ,loan4  4  7b7           
,regulations ,n m ?an #ahj days aft] !  
date ( enactm5t ( ?is ,act1 ! ,secret>y 
( ,education1 9 consultation ) !        
,secret>y ( ,agriculture1 %all          
promulgate f9al regulations to c>ry out 
?is section1 includ+ regulations relat+ 
to ! process ( track+ & v]ify+ "w z an  
employee or manag] ( a qualifi$ f>m or  
ran* = purposes ( section #dfj;,a ( !   
,high] ,education ,act ( #aife 7z add$  
by ?is ,act74