,,ii  #aag? ,,congress  #b;d ,session   
,s4 #ddhc  ,,9 ,,! ,,s5ate ,,( ,,!      
,,unit$ ,,/ates  ,june #bc1 #bjbb,mr4   
,scott ( ,florida 7= himself1 ,ms4      
,lummis1 ,mr4 ,braun1 & ,mr4 ,b>rasso7  
introduc$ ! foll[+ bill2 :i* 0 read     
twice & ref]r$ to ! ,committee on       
,heal?1 ,education1 ,labor1 & ,p5sions  
,a ,,bill  ,to prev5t class-bas$ loan   
=giv5ess = ,f$]al /ud5t loans "u title  
,,iv ( ! ,high] ,education ,act ( #aife 
)\t ! explicit appropriation ( funds by 
,congress = su* purpose4  #a4 ,%ort     
title ,?is ,act may be cit$ z ! ,debt   
,cancellation ,acc\ntability ,act (     
#bjbb4  #b4 ,prohibition on class-bas$  
loan =giv5ess )\t prop] approval ,"p ,g 
( title ,,iv ( ! ,high] ,education ,act 
( #aife 7#bj ,u4,s4,c4 #ajhh et seq47 is
 am5d$ by add+ at ! end ! foll[+3       
#did;,a4 ,prohibition on class-bas$ loan
 =giv5ess )\t prop] approval  7a7       
,def9itions ,9 ?is section3 7#a7        
,class-bas$ loan =giv5ess  7,a7 ,9 g5]al
 ,! t]m class-bas$ loan =giv5ess means !

 cancellation1 waiv]1 assumption1       
dis*>ge1 r$uction1 or o!r =giv5ess ( any
 obligation due on cov]$ loans-- 7i7 on 
a class-wide basis & = a class ( #b or m
 cov]$ loan borr[]s2 &  7ii7 t totals m 
?an #a1jjj1jjj4  7,b7 ,exception = exi/+
 t>get$ loan =giv5ess programs ,! t]m   
class-bas$ loan =giv5ess does n include 
a t>get$ program ( loan =giv5ess        
explicitly e/abli%$ "u ?is ,act & 9     
effect on ! day be=e ! date ( enactm5t (
 ! ,debt ,cancellation ,acc\ntability   
,act ( #bjbb1 if ! cancellation1 waiv]1 
assumption1 dis*>ge1 r$uction1 or o!r   
=giv5ess ( any obligation due on a cov]$
 loan is-- 7i7 grant$ = a s+le cov]$    
loan borr[]2 &  7ii7 bas$ ^u an         
individualiz$1 case-by-case det]m9ation 
( ! cov]$ loan borr[]'s-- 7,i7          
eligibility = ! t>get$ loan =giv5ess2 & 
7,,ii7 satisfaction ( all t]ms &        
conditions prec$5t to receive ! t>get$  
loan =giv5ess4  7#b7 ,cov]$ loan ,! t]m 
cov]$ loan means a loan made1 insur$1 or
 gu>ante$ "u "p ,b1 ,d1 or ,e4  7b7     

,limitation on ,dep>tm5t au?ority       
,not)/&+ any o!r provision ( ?is ,act or
 any o!r law1 ! ,secret>y %all h no     
au?ority to provide class-bas$ loan     
=giv5ess unless funds h be5 specifically
 reque/$ & appropriat$ = ! purpose ?r\gh
 ! process describ$ 9 subsection 7c74   
7c7 ,reque/ & appropriation process     
7#a7 ,9 g5]al ,! ,secret>y %all n       
provide any class-bas$ loan =giv5ess    
until-- 7,a7 ! ,secret>y has submitt$ a 
reque/ "u p>agraph 7#b72 &  7,b7 funds h
 be5 specifically appropriat$ = su*     
reque/ by ,congress ?r\gh an            
appropriations ,act or o!r law4  7#b7   
,reque/ ,9 any case :]e ! ,secret>y     
det]m9es class-bas$ loan =giv5ess is    
necess>y1 ! ,secret>y %all submit to !  
au?oriz+ committees1 ! ,committee on    
,appropriations ( ! ,s5ate1 & !         
,committee on ,appropriations ( ! ,h\se 
( ,repres5tatives a writt5 reque/ t     
describes-- 7,a7 ! numb] ( cov]$ loan   
borr[]s 9 ! class & ! aggregate am\nt ( 
! cov]$ /ud5t loan obligations t w be   

cancell$1 waiv$1 assum$1 dis*>g$1 r$uc$1
 or o!rwise =giv5 ?r\gh ! class-bas$    
loan =giv5ess2  7,b7 ! p>ticul> reason =
 ! class-bas$ loan =giv5ess2  7,c7 !    
legal au?ority1 includ+ ! id5tification 
( any au?oriz+ /atute or rule1 ( !      
,dep>tm5t to grant su* class-bas$ loan  
=giv5ess2 &  7,d7 ! p>ticul> reason !   
/ud5t loan obligations are be+ cancell$1
 waiv$1 assum$1 dis*>g$1 r$uc$1 or      
o!rwise =giv5 on a collective basis1 r  
?an ?r\gh a case-by-case assessm5t4     
7#c7 ,resubmission ( reque/ ,if funds = 
a class-bas$ loan =giv5ess reque/       
submitt$ "u p>agraph 7#b7 are n         
specifically appropriat$ "u an          
appropriations ,act or o!r law dur+ !   
fiscal ye> = :i* ! reque/ is submitt$-- 
7,a7 ! reque/ %all expire2 &  7,b7 if ! 
,secret>y desires ! reque/ to be        
reconsid]$ 9 a future fiscal ye>1 !     
,secret>y %all resubmit ! reque/ = su*  
fiscal ye>4  4