[Congressional Bills 105th Congress]
[From the U.S. Government Publishing Office]
[S. 1199 Introduced in Senate (IS)]







105th CONGRESS
  1st Session
                                S. 1199

 To amend the Higher Education Act of 1965 regarding income protection 
                    allowances for certain students.


_______________________________________________________________________


                   IN THE SENATE OF THE UNITED STATES

                           September 19, 1997

   Ms. Collins (for herself, Ms. Snowe, Mr. Hollings, and Mr. Robb) 
introduced the following bill; which was read twice and referred to the 
                 Committee on Labor and Human Resources

_______________________________________________________________________

                                 A BILL


 
 To amend the Higher Education Act of 1965 regarding income protection 
                    allowances for certain students.

    Be it enacted by the Senate and House of Representatives of the 
United States of America in Congress assembled,

SECTION 1. INCOME PROTECTION ALLOWANCES.

    (a) Income Protection Allowance for Dependent Students.--Section 
475(g)(2)(D) of the Higher Education Act of 1965 (20 U.S.C. 
1087oo(g)(2)(D)) is amended by striking ``$1,750'' and inserting 
``$4,200''.
    (b) Income Protection Allowance for Certain Independent Students.--
Section 476(b)(1)(A)(iv) of the Higher Education Act of 1965 (20 U.S.C. 
1087pp(b)(1)(A)(iv)) is amended--
            (1) in subclause (I), by striking ``$3,000'' and inserting 
        ``$6,000'';
            (2) in subclause (II), by striking ``$3,000'' and inserting 
        ``$6,000''; and
            (3) in subclause (III), by striking ``$6,000'' and 
        inserting ``$9,000''.
    (c) Consumer Price Index.--Section 478(b) of the Higher Education 
Act of 1965 (20 U.S.C. 1087rr) is amended--
            (1) in the first sentence, by striking ``For each'' and 
        inserting ``(1) For each''; and
            (2) by adding at the end the following:
    ``(2) For each academic year after academic year 1999-2000, the 
Secretary shall increase each of the dollar amounts contained in 
section 475(g)(2)(D) and subclauses (I), (II), and (III) of section 
476(b)(1)(A)(iv) by a percentage equal to the estimated percentage 
increase in the Consumer Price Index (as determined by the Secretary) 
between December 1998 and the December next preceding the beginning of 
such academic year, and rounding the result to the nearest $10.''.
                                 <all>