,,ii  #aag? ,,congress  #b;d ,session   
,s4 #dbec  ,,9 ,,! ,,s5ate ,,( ,,!      
,,unit$ ,,/ates  ,may #ah 7legislative  
day1 ,may #ag71 #bjbb,mr4 ,romney 7=    
himself1 ,mr4 ,burr1 ,mr4 ,scott ( ,s\? 
,c>ol9a1 ,mr4 ,cassidy1 & ,mr4 ,tillis7 
introduc$ ! foll[+ bill2 :i* 0 read     
twice & ref]r$ to ! ,committee on       
,heal?1 ,education1 ,labor1 & ,p5sions  
,a ,,bill  ,to prohibit ! mass          
cancellation ( /ud5t loans4  #a4 ,%ort  
title ,?is ,act may be cit$ z ! ,/ud5t  
,loan ,acc\ntability ,act4  #b4 ,f9d+s  
,congress f9ds ! foll[+3 7#a7 ,congress 
does n hide elephants 9 m\seholes2      
/atutory au?ority has n be5 provid$ to !
 executive bran* ( ! ,f$]al ,gov]nm5t to
 cancel /ud5t loans on a mass scale4    
7#b7 ,?r\gh /ra9$ read+s ( /atute1      
lib]al int]e/ gr\ps ass]t t a mass      
cancellation ev5t w\ld be legal4  7#c7  
,x is unfair = taxpay]s :o paid /ud5t   
loans or did n att5d college to pay = ^?
 :o *ose to take /ud5t loans4  #c4      
,prohibition on mass cancellation (     

/ud5t loans  7a7 ,prohibition  7#a7 ,9  
g5]al ,not)/&+ any o!r provision ( law1 
! ,secret>y ( ,education1 ! ,secret>y ( 
! ,treasury1 or ! ,attorney ,g5]al %all 
n take any action to cancel or =give !  
out/&+ balances1 or portion ( balances1 
( cov]$ loans1 except z provid$ 9       
p>agraph 7#b74  7#b7 ,exemption ,!      
prohibition describ$ 9 p>agraph 7#a7    
%all n apply to t>get$ ,f$]al /ud5t loan
 =giv5ess1 cancellation1 or repaym5t    
programs c>ri$ out "u ! ,high]          
,education ,act ( #aife 7#bj ,u4,s4,c4  
#ajja et seq471 "u f9al regulations z 9 
effect on ,may #aa1 #bjbb4  7b7         
,def9itions ,9 ?is section1 ! t]m cov]$ 
loan means-- 7#a7 a loan made1 insur$1  
or gu>ante$ "u "p ,b1 ,d1 or ,e ( title 
,,iv ( ! ,high] ,education ,act ( #aife 
7#bj ,u4,s4,c4 #ajga et seq42 #ajhg;a et
 seq42 #ajhg;aa et seq47 be=e1 on1 or   
aft] ! date ( enactm5t ( ?is ,act2 or   
7#b7 a loan "u ! ,heal? ,education      
,assi/ance ,loan ,program "u title ,,vii
 ( ! ,public ,heal? ,s]vice ,act 7#db   

,u4,s4,c4 #bib et seq47 made be=e1 on1  
or aft] ! date ( enactm5t ( ?is ,act4   
7c7 ,limitation ,! ,secret>y (          
,education1 ! ,secret>y ( ! ,treasury1  
or ! ,attorney ,g5]al may n implem5t1 or
 publi% 9 any =m1 any regulation1 or    
take any action1 t modifies1 alt]s1     
am5ds1 cancels1 dis*>ges1 =gives1 or    
def]s ! repaym5t ( any /ud5t debt n     
expressly p]mitt$ )9 /atute or          
regulation z 9 effect on ,m>* #ab1      
#bjbj1 reg>d+ cov]$ loans1 except to !  
ext5t t su* regulation or action        
reflects ! cle> & unequivocal int5t (   
,congress 9 legislation4