,i  #aag? ,,congress  #b;d ,session  ,h4
 ,r4 #gjeh  ,,9 ,,! ,,h\se ,,(          
,,repres5tatives  ,m>* #aa1 #bjbb,mr4   
,good ( ,virg9ia 7= himself & ,mr4      
,banks7 introduc$ ! foll[+ bill2 :i* 0  
ref]r$ to ! ,committee on ,education &  
,labor  ,a ,,bill  ,to prohibit abuse ( 
! au?ority ( ! ,secret>y ( ,education "u
 ! ,,h]oes ,act 9 connection ) !        
,,covid-#ai national em]g5cy decl>ation1
 & = o!r purposes4  #a4 ,%ort title ,?is
 ,act may be cit$ z ! ,f$]al ,/ud5t     
,loan ,integrity ,act4  #b4 ,purpose2   
f9d+s  7a7 ,purpose ,x is ! purpose (   
?is ,act to-- 7#a7 cl>ify ! int5t (     
,congress ) respect to ! au?orities     
provid$ to ! ,secret>y ( ,education "u !
 ,high] ,education ,relief              
,opportunities = ,/ud5ts ,act ( #bjjc   
7#bj ,u4,s4,c4 #ajih;bb7 79 ?is section 
ref]r$ to z ! ,,h]oes ,act72 &  7#b7    
prev5t fur!r abuse ( ! ,secret>y's      
au?ority provid$ "u ! ,,h]oes ,act 9    
connection ) ! ,,covid-#ai national     
em]g5cy decl>ation4  7b7 ,f9d+s         

,congress f9ds ! foll[+3 7#a7 ,z ( ,m>* 
#ac1 #bjbj1 !re has be5 a moratorium on 
paym5ts1 accrual ( int]e/1 & collections
 on all ,f$]al /ud5t loans4  7#b7 ,!    
moratorium is ! l>ge/ b5efit provid$ by 
taxpay]s 9 ! hi/ory ( ! ,f$]al /ud5t    
loan program4  7#c7 ,exclud+ section    
#ceac ( ! ,,c>es ,act 7#bj ,u4,s4,c4    
#ajja note71 ?is b5efit 0 n explicitly  
au?oriz$ by ,congress4  7#d7 ,s9ce      
,decemb] #d1 #bjbj1 ! ,secret>y (       
,education has cit$ ! ,,h]oes ,act z !  
au?ority to ext5d ! moratorium on /ud5t 
loan paym5ts = affect$ individuals1 9   
connection ) ! ,m>* #ac1 #bjbj1 national
 em]g5cy decl>ation4  7#e7 ,! ,secret>y 
has und]m9$ ! int5t ( ,congress & abus$ 
its au?ority provid$ by ! ,,h]oes ,act  
to am5d /atutory provisions ( title ,,iv
 ( ! ,high] ,education ,act 7#bj        
,u4,s4,c4 #ajgj et seq47 to provide     
b5efits = borr[]s beyond ^? deem$ z     
affect$ individuals4  #c4 ,prohibition  
,! ,secret>y ( ,education may n use !   
au?ority "u section #b7;a77#a7 ( !      

,high] ,education ,relief ,opportunities
 = ,/ud5ts ,act ( #bjjc 7#bj ,u4,s4,c4  
#ajih;bb7a77#a77 to issue a waiv] or    
modification1 or to ext5d a waiv] or    
modification issu$ be=e ! effective date
 ( ?is ,act1 ( any /atutory or          
regulatory provision applicable to !    
/ud5t f9ancial assi/ance programs "u    
title ,,iv ( ! ,high] ,education ,act ( 
#aife 7#bj ,u4,s4,c4 #ajgj et seq47 9   
connection ) ! national em]g5cy decl>$  
by ! ,presid5t on ,m>* #ac1 #bjbj1      
pursuant to ! ,national ,em]g5cies ,act 
7#ej ,u4,s4,c4 #afja et seq47           
7,proclamation #iiid74  #d4 ,limitation 
on waiv]s & modifications ,section      
#b7;a77#a7 ( ! ,high] ,education ,relief
 ,opportunities = ,/ud5ts ,act ( #bjjc  
7#bj ,u4,s4,c4 #ajih;bb7a77#a77 is      
am5d$-- 7#a7 by /rik+ ,not)/&+ & ins]t+ 
! foll[+3  7,a7 ,au?ority ( ,secret>y   
,except z provid$ 9 subp>agraph 7,b71   
not)/&+  2 &  7#b7 by add+ at ! end !   
foll[+3  7,b7 ,limitation ,a waiv] or   
modification "u p>agraph 7#a7 may n--   

7i7 provide = a p]iod t exce$s #cj days 
dur+ :i*-- 7,i7 paym5ts ( pr9cipal or   
int]e/ due on loans made1 insur$1 or    
gu>ante$ "u "p ,b1 ,d1 or ,e ( title    
,,iv ( ! ,act are susp5d$2 or  7,,ii7   
int]e/ does n accrue on su* loans2 or   
7ii7 result 9 ! dis*>ge or cancellation 
( a loan made1 insur$1 or gu>ante$ "u "p
 ,b1 ,d1 or ,e ( title ,,iv ( ! ,act4  4
  #e4 ,effective date ,?is ,act1 & !    
am5dm5ts made by ?is ,act1 %all take    
effect on ,may #a1 #bjbb4