,i  #aah? ,,congress  #b;d ,session  ,h4
 ,r4 #idda  ,,9 ,,! ,,h\se ,,(          
,,repres5tatives  ,augu/ #cj1 #bjbd,mr4 
,mosk[itz 7= himself & ,mrs4 ,luna7     
introduc$ ! foll[+ bill2 :i* 0 ref]r$ to
 ! ,committee on ,education & ! ,work=ce
  ,a ,,bill  ,to am5d ! ,high]          
,education ,act ( #aife to r$uce !      
maximum int]e/ rates = ,f$]al ,direct   
/ud5t loans1 & = o!r purposes4  #a4     
,%ort title ,?is ,act may be cit$ z !   
,/ud5t ,loan ,int]e/ ,cap ,act4  #b4    
,r$uction ( maximum int]e/ rates =      
,f$]al ,direct /ud5t loans ,section     
#dee7;b7 ( ! ,high] ,education ,act (   
#aife 7#bj ,u4,s4,c4 #ajhg;e7b77 is     
am5d$-- 7#a7 by r$esignat+ p>agraphs    
7#i7 & 7#aj7 z p>agraphs 7#aj7 & 7#aa71 
respectively2 &  7#b7 by ins]t+ aft]    
p>agraph 7#h7 ! foll[+2  7#i7 ,int]e/   
rate provisions = new loans on or aft]  
,july #a1 #bjbd  7,a7 ,rate = ,,fdsl1   
,,fdusl1 & ,plus loans  7i7 ,not)/&+ !  
prec$+ p>agraphs ( ?is subsection1 = a  
loan specifi$ 9 clause 7ii7 = :i* ! fir/

 disbursem5t is made on or aft] ,july   
#a1 #bjbd1 ! applicable rate ( int]e/   
%all n exce$ #c p]c5t4  7ii7 ,! loans   
specifi$ 9 ?is clause are ! foll[+3 7,i7
 ,f$]al ,direct ,/af=d ,loans4  7,,ii7  
,f$]al ,direct ,unsubsidiz$ ,/af=d      
,loans4  7,,iii7 ,f$]al ,direct ,,plus  
,loans4  7,b7 ,rate = consolidation     
loans ,not)/&+ ! prec$+ p>agraphs ( ?is 
subsection1 any ,f$]al ,direct          
,consolidation ,loan = :i* ! application
 is receiv$ on or aft] ,july #a1 #bjbd1 
%all be> int]e/ at an annual rate ( n m 
?an #c p]c5t on ! unpaid pr9cipal       
balance ( ! loan1 reg>dless ( ! int]e/  
rates ( ! loans consolidat$ by su*      
,f$]al ,direct ,consolidation ,loan4  4