,i  #aag? ,,congress  #b;d ,session  ,h4
 ,r4 #hiji  ,,9 ,,! ,,h\se ,,(          
,,repres5tatives  ,septemb] #bj1        
#bjbb,ms4 ,foxx 7= h]self1 ,mr4 ,wilson 
( ,s\? ,c>ol9a1 ,mr4 ,banks1 ,mrs4      
,mill]-,meeks1 ,mrs4 ,h>%b>g]1 ,mrs4    
,sp>tz1 ,mr4 ,sempol9ski1 ,mr4 ,johnson 
( ,s\? ,dakota1 ,mr4 ,cl9e1 ,mr4 ,bo/1  
,mr4 ,murphy ( ,nor? ,c>ol9a1 ,ms4      
,letl[1 ,mr4 ,issa1 ,mr4 ,cole1 ,mr4    
,mool5a>1 ,mrs4 ,flores1 ,mr4 ,c>t] (   
,georgia1 ,mr4 ,kell]1 ,mr4 ,we/]man1 & 
,mrs4 ,mc,clain7 introduc$ ! foll[+     
bill2 :i* 0 ref]r$ to ! ,committee on   
,education & ,labor  ,a ,,bill  ,to     
e/abli% a process = sep>at+ jo9t        
consolidation loans to ensure timely    
relief = borr[]s4  #a4 ,%ort title ,?is 
,act may be cit$ z ! ,simplifi$ ,jo9t   
,consolidation ,sep>ation ,act4  #b4    
,au?orization ( guidance to sep>ate jo9t
 consolidation loans ,section #dbh;,c ( 
! ,high] ,education ,act ( #aife 7#bj   
,u4,s4,c4 #ajgh-c7 is am5d$-- 7#a7 9    
subsection 7a77#c77;,b77i7-- 7,a7 by    

/rik+ & at ! end ( subclause 7,,iv72    
7,b7 by /rik+ ! p]iod at ! end (        
subclause 7,v7 & ins]t+ 2 &2 &  7,c7 by 
add+ at ! end ! foll[+3  7,,vi7         
sep>ation ( a jo9t consolidation loan   
into individual consolidation loans 9   
accordance ) subsection 7g7 %all n be   
consid]$ receipt ( a consolidation loan 
= purposes ( ?is clause1 & an           
individual's /atus z an eligible borr[] 
%all n *ange solely z a result ( su* a  
sep>ation4  2 &  7#b7 by add+ at ! end !
 foll[+3  7g7 ,secret>y guidance on jo9t
 consolidation loans  7#a7 ,9 g5]al     
7,a7 ,au?orization ,not)/&+ section     
#dba7;d71 a m>ri$ c\ple1 or two         
individuals :o 7 previ\sly m>ri$ &      
receiv$ a jo9t consolidation loan "u    
subsection 7a77#c77;,c7 7z su*          
subsection 0 9 effect on ,june #cj1     
#bjjf71 may jo9tly reque/ ! ,secret>y or
 hold]1 9 accordance ) p>agraph 7#b71 to
 sep>ate ! exi/+ jo9t consolidation loan
 into two individual consolidation      
loans4  7,b7 ,eligibility = borr[]s 9   

default ,a m>ri$ c\ple1 or two          
individuals :o 7 previ\sly a m>ri$      
c\ple1 :o receiv$ a jo9t consolidation  
loan describ$ 9 subp>agraph 7,a7 & are 9
 default on su* jo9t consolidation loan 
may bo? be eligible = sep>ation ( su*   
jo9t consolidation loan into two        
individual consolidation loans 9        
accordance ) ?is subsection4  7,c7      
,eligibility = individual reque/s  7i7  
,circum/ances all[+ = sep>ate           
application ,an individual :o is "o ( ! 
p>ties :o receiv$ a jo9t consolidation  
loan describ$ 9 subp>agraph 7,a7 may1   
sep>ately & )\t reg>d to :e!r or :5 !   
o!r individual borr[] :o receiv$ su*    
jo9t consolidation loan applies "u      
subp>agraph 7,a71 reque/ sep>ation ( su*
 jo9t consolidation loan into two       
individual consolidation loans 9        
accordance ) ?is subsection 9 a case 9  
:i* ! reque/+ individual borr[] c]tifies
 to ! ,secret>y t su* borr[]-- 7,i7 has 
exp]i5c$ an act ( dome/ic viol5ce f !   
o!r individual borr[]2  7,,ii7 has      

exp]i5c$ an act ( economic abuse f ! o!r
 individual borr[]2 or  7,,iii7 is      
subject to a divorce decree1 c\rt ord]1 
or settlem5t agreem5t requir+ !         
sep>ation ( jo9t loans & obligations4   
7ii7 ,obligation f sep>ate application  
,9 ! case ( a jo9t consolidation loan t 
is sep>at$ ^u reque/ ( an individual    
borr[] due to "o or m circum/ances      
describ$ 9 clause 7i71 ! o!r non-apply+ 
individual borr[] %all be liable = !    
out/&+ balance ( ! individual           
consolidation loan ( su* borr[] 9 ! same
 mann] z if bo? borr[]s ( ! jo9t        
consolidation loan _h appli$ = su*      
sep>ation4  7#b7 ,secret>ial & hold]    
requirem5ts ,not)/&+ subsection         
7a77#c77;,a7 or any o!r provision ( law1
 ! ,secret>y or hold] may sep>ate ! jo9t
 consolidation loan = eligible borr[]s  
:o meet ! eligibility requirem5ts       
specifi$ 9 p>agraph 7#a74 ,! two sep>ate
 individual consolidation loans %all--  
7,a7 be = an am\nt equal to ! product   
(-- 7i7 ! unpaid pr9cipal & accru$      

unpaid int]e/ ( ! jo9t consolidation    
loan 7z ( ! date t is ! day be=e        
sep>ation ( ! jo9t consolidation loan7 &
 any out/&+ *>ges & fees ) respect to   
su* loan2 &  7ii7 ! p]c5tage ( ! jo9t   
consolidation loan attributable to !    
loans ( ! individual borr[] = :om su*   
sep>ate consolidation loan is be+       
sep>at$1 z det]m9$-- 7,i7 on ! basis ( !
 loan obligations ( su* borr[] ) respect
 to su* jo9t consolidation loan 7z ( !  
date su* jo9t consolidation loan 0      
made72 or  7,,ii7 9 ! case 9 :i* bo?    
borr[]s reque/1 on ! basis ( proportions
 reque/$ by ! borr[]s1 outl9$ 9 a       
divorce decree1 c\rt ord]1 or settlem5t 
agreem5t2  7,b7 h ! same rate ( int]e/ z
 ! jo9t consolidation loan 7z ( ! date t
 is ! day be=e sep>ation ( ! jo9t       
consolidation loan72 &  7,c7 n be       
consid]$ new loans1 %all be deem$ to h  
be5 made on ! date su* jo9t             
consolidation loan 0 made1 & %all h !   
same t]ms & conditions z o!r            
consolidation loans made "u ?is "p on   

su* date4  4