[Congressional Bills 111th Congress]
[From the U.S. Government Publishing Office]
[S. 2796 Introduced in Senate (IS)]

111th CONGRESS
  1st Session
                                S. 2796

   To extend the authority of the Secretary of Education to purchase 
    guaranteed student loans for an additional year, and for other 
                               purposes.


_______________________________________________________________________


                   IN THE SENATE OF THE UNITED STATES

                           November 18, 2009

Mr. Enzi (for himself, Mr. Nelson of Nebraska, Mr. Alexander, Mr. Burr, 
    Mr. Coburn, Mr. Gregg, Mr. Hatch, Mr. Isakson, Mr. McCain, Ms. 
 Murkowski, and Mr. Roberts) introduced the following bill; which was 
 read twice and referred to the Committee on Health, Education, Labor, 
                              and Pensions

_______________________________________________________________________

                                 A BILL


 
   To extend the authority of the Secretary of Education to purchase 
    guaranteed student loans for an additional year, and for other 
                               purposes.

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

SECTION 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) in subsections (a)(1), (a)(3)(A), and (f), by striking 
        ``July 1, 2010'' and inserting ``July 1, 2011''; and
            (2) in subsection (e)--
                    (A) in the matter preceding clause (i) of paragraph 
                (1)(A) and the matter preceding subparagraph (A) of 
                paragraph (2), by striking ``September 30, 2010'' and 
                inserting ``September 30, 2011'';
                    (B) in paragraph (2), by striking ``February 15, 
                2011'' and inserting ``February 15, 2012''; and
                    (C) in paragraph (3), by striking ``2010, and 
                2011'' and inserting ``2010, 2011, and 2012''.

SEC. 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 the matter preceding subclause (I) of clause 
                (iii), by striking ``July 1, 2011'' and inserting 
                ``July 1, 2012''.
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