[Congressional Bills 119th Congress]
[From the U.S. Government Publishing Office]
[S. 4039 Introduced in Senate (IS)]

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119th CONGRESS
  2d Session
                                S. 4039

To amend the Higher Education Act of 1965 to reverse the reductions in 
   Federal loan availability for graduate and professional students 
                    enacted under Public Law 119-21.


_______________________________________________________________________


                   IN THE SENATE OF THE UNITED STATES

                             March 10, 2026

Ms. Alsobrooks (for herself, Mr. Van Hollen, Mr. Kaine, Ms. Duckworth, 
    Mr. Wyden, Mr. Kim, Ms. Cantwell, Ms. Smith, Ms. Klobuchar, Mr. 
  Blumenthal, Mr. Markey, Mr. Merkley, and Mr. Lujan) 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 reverse the reductions in 
   Federal loan availability for graduate and professional students 
                    enacted under Public Law 119-21.

    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 ``Professional Degree Access 
Restoration Act''.

SEC. 2. ANNUAL AND AGGREGATE LOAN LIMITS FOR GRADUATE AND PROFESSIONAL 
              STUDENTS.

    (a) In General.--Section 455(a) of the Higher Education Act of 1965 
(20 U.S.C. 1087e(a)) is amended--
            (1) in paragraph (3)--
                    (A) in the paragraph heading, by striking ``and 
                federal direct plus loans'';
                    (B) in subparagraph (A)--
                            (i) by striking the heading for 
                        subparagraph (A), and inserting the following: 
                        ``In general'';
                            (ii) in the matter preceding clause (i), by 
                        inserting before the dash at the end the 
                        following: ``, for any period of instruction 
                        beginning on or after July 1, 2012'';
                            (iii) in clause (i), by striking ``for any 
                        period of instruction beginning on or after 
                        July 1, 2012,''; and
                            (iv) in clause (ii), by striking ``for any 
                        period of instruction beginning on July 1, 
                        2012, and ending on June 30, 2026,''; and
                    (C) by striking subparagraph (C); and
            (2) by striking paragraph (4), and redesignating paragraphs 
        (5) through (8) as paragraphs (4) through (7), respectively.
    (b) Technical and Conforming Amendments.--Section 455(a) of the 
Higher Education Act of 1965 (20 U.S.C. 1087e(a)), as amended by 
subsection (a), is further amended--
            (1) in paragraph (4), as redesignated by subsection (a)(2), 
        by striking ``paragraph (8)'' and inserting ``paragraph (7)'' 
        both places the term appears;
            (2) in paragraph (5), as redesignated by subsection (a)(2), 
        by striking ``paragraph (8)'' and inserting ``paragraph (7)''; 
        and
            (3) in paragraph (7), as redesignated by subsection (a)(2), 
        by striking ``Paragraphs (3)(C), (4), (5), and (6) shall not 
        apply, and paragraph (3)(A)(ii) shall apply as such paragraph 
        was in effect for periods of instruction ending before June 30, 
        2026,'' and inserting ``(4), and (5)'' and inserting 
        ``Paragraphs (4) and (5) shall not apply''.
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