S. 4240 — Introduced in Senate

II 118th CONGRESS 2d Session S. 4240 IN THE SENATE OF THE UNITED STATES May 2, 2024Mr. Cotton (for himself, Mr. Hawley, Mr. Romney, Mr. Scott of South Carolina, Mr. Tuberville, Mr. Tillis, Mr. Daines, Mr. Wicker, Mr. Crapo, Mr. Risch, Mrs. Blackburn, Mrs. Hyde-Smith, Mrs. Fischer, Mr. Graham, Mrs. Britt, Mr. Vance, Mr. Rubio, Mr. Marshall, and Mr. Cruz) introduced the following bill; which was read twice and referred to the Committee on Health, Education, Labor, and Pensions A BILL To establish that an individual who is convicted of any offense under any Federal or State law related to the individual’s conduct at and during the course of a protest that occurs at an institution of higher education shall be ineligible for forgiveness, cancellation, waiver, or modification of certain Federal student loans. 1. Short title This Act may be cited as the No Bailouts for Campus Criminals Act. 2. Prohibition on loan forgiveness for certain individuals (a) Prohibition (1) In General Notwithstanding any other provision of law, an individual described in paragraph (2) shall not be eligible to have any covered loan, or a portion of such loan, forgiven, cancelled, waived, or modified under the Higher Education Act of 1965 (20 U.S.C. 1001 et seq.) or under any other Executive Order or action of the Department of Education. (2) Affected individual An individual described in this paragraph is an individual who is convicted of any offense under any Federal or State law related to the individual’s conduct at and during the course of a protest that occurs at an institution of higher education. (b) Definitions In this section: (1) Covered loan The term covered loan means— (A) a loan made, insured, or guaranteed under part B, D, or E of title IV of the Higher Education Act of 1965 (20 U.S.C. 1071 et seq.; 1087a et seq.; 1087aa et seq.) before, on, or after the date of enactment of this Act; or (B) a loan under the Health Education Assistance Loan Program under title VII of the Public Health Service Act (42 U.S.C. 292 et seq.) made before, on, or after the date of enactment of this Act. (2) Institution of higher education The term institution of higher education has the meaning given that term in section 102 of the Higher Education Act of 1965 (20 U.S.C. 1002).