118 S4240 IS: No Bailouts for Campus Criminals Act U.S. Senate 2024-05-02 text/xml EN Pursuant to Title 17 Section 105 of the United States Code, this file is not subject to copyright protection and is in the public domain.

II118th CONGRESS2d SessionS. 4240IN THE SENATE OF THE UNITED STATESMay 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 PensionsA BILLTo 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).