,,ii  #aagth ,,congress  #ast ,session  
,s4 #bedd  ,,in ,,the ,,senate ,,of     
,,the ,,united ,,states  ,july #bi1     
#bjba,ms4 ,smith 7for herself and ,mr4  
,van ,hollen7 introduced the following  
bill2 which was read twice and referred 
to the ,committee on ,banking1 ,housing1
 and ,urban ,affairs  ,a ,,bill  ,to    
adjust the applicability of certain     
amendments to the ,truth in ,lending    
,act1 and for other purposes4  #a4      
,short title ,this ,act may be cited as 
the ,ryan ,frascone ,memorial ,student  
,loan ,relief ,act of #bjba4  #b4       
,applicability of certain amendments to 
the ,truth in ,lending ,act  7a7 ,in    
general  7#a7 ,applicability ,section   
#fja7;b7 of the ,economic ,growth1      
,regulatory ,relief1 and ,consumer      
,protection ,act 7#ae ,u4,s4,c4 #afej   
note7 is amended to read as follows3    
7b7 ,applicability ,the amendments made 
by subsection 7a7 shall apply to private
 education loan agreements entered into 
before1 on1 or after the date of        

enactment of this ,act4  4  7#b7        
,effective date ,the amendment made by  
paragraph 7#a7 shall take effect as if  
included in section #fja of the         
,economic ,growth1 ,regulatory ,relief1 
and ,consumer ,protection ,act 7,public 
,law #aae-agd74  7b7 ,treasury loan     
purchase program  7#a7 ,definitions ,in 
this subsection1 the terms cosigner and 
private education loan have the meanings
 given those terms1 respectively1 in    
section #adj of the ,truth in ,lending  
,act 7#ae ,u4,s4,c4 #afej74  7#b7       
,establishment of purchase program ,the 
,secretary of the ,treasury shall       
establish a program under which the     
,secretary shall purchase and retire    
outstanding private education loans--   
7,a7 where the borrower on such loan is 
deceased2  7,b7 where there remains a   
cosigner on the loan2  7,c7 that were   
entered into before the date that is    
#ahj days after the date of enactment of
 the ,economic ,growth1 ,regulatory     
,relief1 and ,consumer ,protection ,act 

7,public ,law #aae-agd72 and  7,d7 only 
upon an application from a holder of    
such loan pursuant to paragraph 7#c7    
that demonstrates the holder has        
suffered financial injury as a result of
 the amendment made by subsection 7a74  
7#c7 ,application ,the holder of a loan 
described under paragraph 7#b7 may apply
 to the ,secretary of the ,treasury to  
have the ,secretary purchase and retire 
such loan by submitting an application  
in the form and manner that the         
,secretary may require4  7#d7           
,authorization of appropriations ,there 
is authorized to be appropriated to the 
,secretary of the ,treasury #e1jjj1jjj  
to carry out this subsection4