[Congressional Record Volume 144, Number 95 (Thursday, July 16, 1998)]
[House]
[Page H5727]
From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]




                   HOMEOWNERS PROTECTION ACT OF 1997

  Mr. LEACH. Mr. Speaker, I ask unanimous consent to take from the 
Speaker's table the Senate bill (S. 318) to require automatic 
cancellation and notice of cancellation rights with respect to private 
mortgage insurance which is required as a condition for entering into a 
residential mortgage transaction, to abolish the Thrift Depositor 
Protection Oversight Board, and for other purposes, with the Senate 
amendments to the House amendments thereto, and concur in the Senate 
amendments to the House amendments.
  The Clerk read the title of the Senate bill.
  The Clerk read the Senate amendments to the House amendments, as 
follows:

       Senate amendments to House amendments:
       Page 5, after line 4, of the House engrossed amendment, 
     insert:

     SEC. 12. AMENDMENT TO HIGHER EDUCATION ACT OF 1965.

       Section 481(a)(4) of the Higher Education Act of 1965 (20 
     U.S.C. 1088(a)(4)) is amended by--
       (1) inserting the subparagraph designation ``(A)'' 
     immediately after the paragraph designation ``(4)'';
       (2) redesignating subparagraphs (A) and (B) as clauses (i) 
     and (ii), respectively; and
       (3) adding at the end thereof the following new 
     subparagraph:
       ``(B) Subparagraph (A)(i) shall not apply to a nonprofit 
     institution whose primary function is to provide health care 
     educational services (or an affiliate of such an institution 
     that has the power, by contract or ownership interest, to 
     direct or cause the direction of the institution's management 
     or policies) that files for bankruptcy under chapter 11 of 
     title 11 of the United States Code between July 1, and 
     December 31, 1998.''.
       Page 28, line 1, of the Senate engrossed bill, strike out 
     ``SEC. 12'' and insert ``SEC. 13''.
       Page 28, line 2, of the Senate engrossed bill, strike out 
     ``13'' and insert ``14''.
       Page 28, line 4, of the Senate engrossed bill, strike out 
     ``SEC. 13'' and insert ``SEC. 14''.

  Mr. LEACH (during the reading). Mr. Speaker, I ask unanimous consent 
that the Senate amendments to the House amendments be considered as 
read and printed in the Record.
  The SPEAKER pro tempore. Is there objection to the request of the 
gentleman from Iowa?
  There was no objection.
  The SPEAKER pro tempore. Is there objection to the original request 
of the gentleman from Iowa?
  There was no objection.
  A motion to reconsider was laid on the table.

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