,i  #aag? ,,congress  #a/ ,session  ,h4 
,r4 #fabe  ,,9 ,,! ,,h\se ,,(           
,,repres5tatives  ,decemb] #b1 #bjba,mr4
 ,c>t] ( ,l\isiana introduc$ ! foll[+   
bill2 :i* 0 ref]r$ to ! ,committee on   
,education & ,labor  ,a ,,bill  ,to     
au?orize ! ,secret>y ( ,education to    
dis*>ge or cancel ,f$]al /ud5t loan     
liability = borr[]s ( disa/] loans "u   
section #g7;b7 ( ! ,small ,bus9ess ,act 
made on or aft] ,janu>y #a1 #bjbj1 & =  
o!r purposes4  #a4 ,%ort title ,?is ,act
 may be cit$ z ! ,no ,d\ble ,debt =     
,disa/] ,survivors ,act ( #bjba4  #b4   
,treatm5t ( loans = ,,sba disa/] loan   
recipi5ts  7a7 ,dis*>ge = ,,sba disa/]  
loan recipi5ts  7#a7 ,,ffel & ,f$]al    
,direct loans ,section #dcg ( ! ,high]  
,education ,act ( #aife 7#bj ,u4,s4,c4  
#ajhg7 is am5d$-- 7,a7 9 ! section      
head]1 by ins]t+ 2 ,o!r repaym5t be=e ! 
p]iod2 &  7,b7 by add+ at ! end ! foll[+
 new subsection3  7e7 ,loans ( ,,sba    
disa/] loan recipi5ts ,if a borr[] :o   
receiv$ a loan made1 insur$1 or gu>ante$

 "u ?is "p also receiv$1 on or aft]     
,janu>y #a1 #bjbj1 a loan made "u       
section #g7;b7 ( ! ,small ,bus9ess ,act 
7#ae ,u4,s4,c4 #fcf7;b771 ! ,secret>y   
%all dis*>ge ! borr[]'s liability on !  
loan "u ?is "p by repay+ ! less] (--    
7#a7 ! am\nt ow$ on ! loan "u ?is "p2 or
  7#b7 an am\nt ow$ on ! loan "u ?is "p 
t is equal to ! am\nt ( ! loan receiv$  
by ! borr[] t is made "u section #g7;b7 
( ! ,small ,bus9ess ,act 7#ae ,u4,s4,c4 
#fcf7;b774  4  7#b7 ,p]k9s loans        
,section #dfd7;c77#a77;,f7 ( ! ,high]   
,education ,act ( #aife 7#bj ,u4,s4,c4  
#ajhg;dd7c77#a77;,f77 is am5d$-- 7,a7 by
 mov+ clauses 7i7 ?r\gh 7iv7 two ems to 
! left2  7,b7 by /rik+ or at ! end (    
clause 7iii72  7,c7 by ins]t+ or aft] ! 
semicolon 9 clause 7iv72 &  7,d7 by add+
 at ! end ! foll[+ new clause3  7v7 if !
 borr[] receiv$1 on or aft] ,janu>y #a1 
#bjbj1 a loan made "u section #g7;b7 ( !
 ,small ,bus9ess ,act 7#ae ,u4,s4,c4    
#fcf7;b771 except t ! am\nt ( liability 
to repay a loan t is cancell$ "u ?is    

clause %all n exce$ ! am\nt ( ! loan    
made "u section #g7;b7 ( ! ,small       
,bus9ess ,act 7#ae ,u4,s4,c4 #fcf7;b77 t
 is receiv$ by ! borr[]2  4  7b7        
,proc$ures = dis*>ge = ,,sba disa/] loan
 recipi5ts ,"p ,g ( title ,,iv ( !      
,high] ,education ,act ( #aife 7#bj     
,u4,s4,c4 #ajhh et seq47 is am5d$ by    
ins]t+ aft] section #dic;,d ! foll[+3   
#dic;,e4 ,proc$ures = dis*>ge = ,,sba   
disa/] loan recipi5ts  7a7 ,proc$ures ,!
 ,secret>y1 9 consultation ) !          
,adm9i/rator ( ! ,small ,bus9ess        
,adm9i/ration1 %all develop & implem5t a
 proc$ure to-- 7#a7 id5tify borr[]s (   
loans "u "p ,b1 "p ,d1 & "p ,e ( ?is    
title :o h receiv$1 on or aft] ,janu>y  
#a1 #bjbj1 a loan made "u section #g7;b7
 ( ! ,small ,bus9ess ,act 7#ae ,u4,s4,c4
 #fcf7;b772  7#b7 provide any           
c]tifications or affidavits ne$$ to     
enable su* borr[]s to docum5t           
eligibility = dis*>ge or cancellation ( 
/ud5t loans made1 insur$1 or gu>ante$ "u
 "p ,b1 "p ,d1 or "p ,e ( ?is title 9   

accordance ) section #dcg or section    
#dfd7;c72 &  7#c7 dis*>ge or cancel     
/ud5t loans made1 insur$1 or gu>ante$ "u
 "p ,b1 "p ,d1 & "p ,e ( ?is title1 9   
accordance section #dcg or section      
#dfd7;c71 z soon z practicable aft] !   
date ( enactm5t ( ! ,no ,d\ble ,debt =  
,disa/] ,survivors ,act ( #bjba1 or1 9 !
 case ( a borr[] :o receives a loan made
 "u section #g7;b7 ( ! ,small ,bus9ess  
,act 7#ae ,u4,s4,c4 #fcf7;b77 aft] !    
date ( enactm5t ( su* ,act1 ! date on   
:i* ! borr[] receives su* loan4  7b7    
,reports  7#a7 ,initial report ,n lat]  
?an #f mon?s aft] ! date ( enactm5t ( ! 
,no ,d\ble ,debt = ,disa/] ,survivors   
,act ( #bjba1 ! ,secret>y & !           
,adm9i/rator ( ! ,small ,bus9ess        
,adm9i/ration jo9tly %all report &      
provide fe$back to ,congress on !       
progress made 9 develop+ & implem5t+ !  
proc$ures requir$ "u subsection 7a71    
includ+ h[ su* proc$ures w r$uce wa/e1  
fraud1 & abuse4  7#b7 ,annual reports ,n
 lat] ?an "o ye> aft] ! date ( enactm5t 

( ! ,no ,d\ble ,debt = ,disa/]          
,survivors ,act ( #bjba & annually      
!reaft]1 ! ,secret>y %all report to     
,congress on-- 7,a7 ! numb] (           
individuals ) loans dis*>g$ "u section  
#dcg7;e71 cancell$ "u section           
#dfd7;c77#a77;,f77v71 or bo?2 &  7,b7 ! 
total doll> am\nt ( loans dis*>g$ or    
cancell$ 9 accordance ) su* sections4  4