[Congressional Bills 114th Congress]
[From the U.S. Government Publishing Office]
[H.R. 6444 Introduced in House (IH)]

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114th CONGRESS
  2d Session
                                H. R. 6444

 To amend the Higher Education Act of 1965 to require the Secretary of 
     Education to annually adjust Federal Perkins loan amounts for 
                               inflation.


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                    IN THE HOUSE OF REPRESENTATIVES

                            December 6, 2016

   Ms. Meng introduced the following bill; which was referred to the 
                Committee on Education and the Workforce

_______________________________________________________________________

                                 A BILL


 
 To amend the Higher Education Act of 1965 to require the Secretary of 
     Education to annually adjust Federal Perkins loan amounts for 
                               inflation.

    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 ``Perkins Loan Program Inflation 
Adjustment Act of 2016''.

SEC. 2. FEDERAL PERKINS LOAN AMOUNTS ADJUSTED FOR INFLATION.

    Section 464(a)(2) of the Higher Education Act of 1965 (20 U.S.C. 
1087dd(a)(2)) is amended by adding the following:
    ``(C) With respect to each academic year, the Secretary shall 
adjust the amounts described in subparagraphs (A) and (B) by the 
percentage equal to the estimated percentage change in the Consumer 
Price Index (as determined by the Secretary using the definition in 
section 478(f)) for the most recent calendar year ending prior to the 
beginning of that academic year.''.
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