,i  #aag? ,,congress  #a/ ,session  ,h4 
,r4 #dgbe  ,,9 ,,! ,,h\se ,,(           
,,repres5tatives  ,july #bg1 #bjba,mr4  
,swalwell 7= himself1 ,ms4 ,e%oo1 & ,mr4
 ,mc,nerney7 introduc$ ! foll[+ bill2   
:i* 0 ref]r$ to ! ,committee on         
,education & ,labor  ,a ,,bill  ,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$]al /ud5t loans    
7a7 ,int]e/ rate = ,,ffel ,loans        
,section #dbg;,a ( ! ,high] ,education  
,act ( #aife 7#bj ,u4,s4,c4 #ajgg;a7 is 
am5d$ by add+ at ! end ! foll[+3  7o7   
,z]o-,int]e/ rates ,not)/&+ any o!r     
provision ( ?is section or ?is ,act1 )  
respect to any loan made1 insur$1 or    
gu>ante$ "u ?is "p = :i* ! fir/         
disbursem5t is made on or be=e ,july #a1
 #bjaj1 ! applicable rate ( int]e/ %all 
be z]o on ! unpaid pr9cipal balance ( ! 
loan4  4  7b7 ,int]e/ rate = direct     
loans ,section #dee7;b7 ( ! ,high]      

,education ,act ( #aife 7#bj ,u4,s4,c4  
#ajhg;e7b77 is am5d$ by add+ at ! end ! 
foll[+3  7#aa7 ,z]o-int]e/ rate  7,a7   
,new loans ,not)/&+ ! prec$+ p>agraphs (
 ?is subsection or any o!r provision (  
?is ,act1 ) respect to any loan made "u 
?is "p = :i* ! fir/ disbursem5t is made 
on or aft] ,july #a1 #bjbb1 ! applicable
 rate ( int]e/ %all be z]o1 & %all be   
fix$ = ! p]iod ( ! loan4  7,b7 ,exi/+   
loans ,not)/&+ ! prec$+ p>agraphs ( ?is 
subsection or any o!r provision ( ?is   
,act1 ) respect to any loan made "u ?is 
"p = :i* ! fir/ disbursem5t is made be=e
 ,july #a1 #bjbb1 ! applicable rate (   
int]e/ %all be z]o on ! unpaid pr9cipal 
balance ( ! loan4  4  7c7 ,effective    
date ,! am5dm5ts made by ?is section    
%all take effect on ,july #a1 #bjbb4