[Congressional Bills 111th Congress]
[From the U.S. Government Publishing Office]
[S. 1775 Introduced in Senate (IS)]

111th CONGRESS
  1st Session
                                S. 1775

  To amend the Higher Education Act of 1965 to provide that interest 
   shall not accrue on Federal Direct Loans for members of the Armed 
     Forces on active duty regardless of the date of disbursement.


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                   IN THE SENATE OF THE UNITED STATES

                            October 13, 2009

  Mr. Bayh (for himself, Mr. Sessions, Mr. Bennet, Mr. Lieberman, Mr. 
    Inhofe, Mr. Whitehouse, Mr. Nelson of Nebraska, Mr. Baucus, Mr. 
    Schumer, Mr. Specter, Ms. Klobuchar, Mr. Udall of Colorado, Mr. 
 Bingaman, and Mr. Dodd) introduced the following bill; which was read 
 twice and referred to the Committee on Health, Education, Labor, and 
                                Pensions

_______________________________________________________________________

                                 A BILL


 
  To amend the Higher Education Act of 1965 to provide that interest 
   shall not accrue on Federal Direct Loans for members of the Armed 
     Forces on active duty regardless of the date of disbursement.

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

SECTION 1. SHORT TITLE.

    This Act may be cited as the ``Servicemember Student Loan Interest 
Relief Act''.

SEC. 2. NO ACCRUAL OF INTEREST FOR MEMBERS OF THE ARMED FORCES ON 
              ACTIVE DUTY.

    Section 455(o) of the Higher Education Act of 1965 (20 U.S.C. 
1087e(o)) is amended--
            (1) in paragraph (1)--
                    (A) by striking ``paragraphs (2) and (4)'' and 
                inserting ``paragraph (3)''; and
                    (B) by striking ``for which the first disbursement 
                is made on or after October 1, 2008'';
            (2) by striking paragraph (2); and
            (3) by redesignating paragraphs (3) and (4) as paragraphs 
        (2) and (3), respectively.
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