[Congressional Bills 110th Congress]
[From the U.S. Government Publishing Office]
[H.R. 6626 Introduced in House (IH)]







110th CONGRESS
  2d Session
                                H. R. 6626

  To authorize the Secretary of the Navy to repay Federal educational 
     loans of officers of the United States Marine Corps who were 
              commissioned on or after September 11, 2001.


_______________________________________________________________________


                    IN THE HOUSE OF REPRESENTATIVES

                             July 29, 2008

Mr. Shays (for himself and Mr. Courtney) introduced the following bill; 
         which was referred to the Committee on Armed Services

_______________________________________________________________________

                                 A BILL


 
  To authorize the Secretary of the Navy to repay Federal educational 
     loans of officers of the United States Marine Corps who were 
              commissioned on or after September 11, 2001.

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

SECTION 1. AUTHORIZATION OF FEDERAL EDUCATIONAL LOAN PAYMENT.

    (a) Authorization.--The Secretary of the Navy is authorized to pay 
the outstanding balance on any Federal educational loan of an officer 
of the United States Marine Corps who was commissioned on or after 
September 11, 2001, and is not in default on such Federal educational 
loan.
    (b) Exception.--This section shall not apply to an officer who is a 
graduate of the United States Naval Academy.
    (c) Rule of Construction.--Nothing in this section shall be 
construed to authorize the refunding of any repayment of a Federal 
educational loan.
    (d) Definitions.--In this section:
            (1) Federal educational loan.--The term ``Federal 
        educational loan'' means 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. 1070 et seq.), except that such term does 
        not include a Federal consolidation loan under section 428C of 
        such Act (20 U.S.C. 1078-3).
            (2) Institution of higher education.--The term 
        ``institution of higher education'' has the meaning given it in 
        section 101(a) of such Act (20 U.S.C. 1001(a)).
            (3) Outstanding balance.--The term ``outstanding balance'' 
        means the principal and interest owed on a Federal educational 
        loan, as determined by the Secretary of the Navy.
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