I 111th CONGRESS 1st Session H. R. 4103 IN THE HOUSE OF REPRESENTATIVES November 18, 2009 Mr. Kline of Minnesota (for himself, Mr. Guthrie, Mr. McKeon, Mr. Hoekstra, Mr. Souder, Mr. Wilson of South Carolina, Mrs. McMorris Rodgers, Mr. Cassidy, Mr. Roe of Tennessee, Mr. Thompson of Pennsylvania, and Mr. Ehlers) introduced the following bill; which was referred to the Committee on Education and Labor A BILL To extend the authority of the Secretary of Education to purchase guaranteed student loans for an additional year, and for other purposes.

1.

Extension of student loan purchase authority

Section 459A of the Higher Education Act of 1965 (20 U.S.C. 1087i–1) is amended— (1)by striking July 1, 2010 each place it appears in subsections (a)(1), (a)(3), and (f) and inserting July 1, 2011; and (2)in subsection (e)— (A)by striking September 30, 2010 each place it appears in paragraphs (1)(A) and (2) and inserting September 30, 2011; (B)by striking February 15, 2011 in paragraph (2) and inserting February 15, 2012; and (C)by striking 2010, and 2011 in paragraph (3) and inserting 2010, 2011, and 2012.

2.

Extension of authority to designate lenders for lender-of-last-resort program

Section 428(j) of the Higher Education Act of 1965 (20 U.S.C. 1078(j)) is amended— (1)in paragraph (6), by striking June 30, 2010 and inserting June 30, 2011; (2)in paragraph (7), by striking June 30, 2010 and inserting June 30, 2011; and (3)in paragraph (9)(A)— (A)in the matter preceding subclause (I) of clause (ii), by striking June 30, 2011 and inserting June 30, 2012; (B)in subclause (III) of clause (ii), by striking June 30, 2010 and inserting June 30, 2011; and (C)in clause (iii), by striking July 1, 2011 and inserting July 1, 2012.