[Congressional Record Volume 164, Number 96 (Monday, June 11, 2018)]
[Senate]
[Page S3628]
From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]

  SA 2628. Ms. WARREN submitted an amendment intended to be proposed to 
amendment SA 2282 submitted by Mr. Inhofe (for himself and Mr. McCain) 
and intended to be proposed to the bill H.R. 5515, to authorize 
appropriations for fiscal year 2019 for military activities of the 
Department of Defense, for military construction, and for defense 
activities of the Department of Energy, to prescribe military personnel 
strengths for such fiscal year, and for other purposes; which was 
ordered to lie on the table; as follows:

       At the end of subtitle Eof title V, add the following:

     SEC. 558. IMPLEMENTATION OF STUDENT LOAN BORROWER BENEFITS 
                   FOR MEMBERS OF THE ARMED FORCES SERVING IN 
                   CONFLICT.

       (a) Agreements.--The Secretary of Defense shall enter into 
     any necessary agreements, including agreements with the 
     Internal Revenue Service and the Secretary of Education, to 
     carry out the activities described in this section.
       (b) No Accrual of Interest.--
       (1) In general.--The Secretary of Defense shall ensure that 
     student loan interest does not accrue for eligible Federal 
     Direct Loans of eligible military borrowers, in accordance 
     with the Federal prohibition on interest accrual for eligible 
     military borrowers under section 455(o) of the Higher 
     Education Act of 1965 (20 U.S.C. 1087e(o)).
       (2) Eligible federal direct loan.--In this section, the 
     term eligible Federal Direct Loan means a loan made under 
     part D of title IV of the Higher Education Act of 1965 (20 
     U.S.C. 1087a et seq.) for which the first disbursement is 
     made on or after October 1, 2008.
       (c) Compensation.--The Secretary of Defense shall ensure 
     that an eligible military borrower who qualified for the no 
     accrual of interest benefit under such section 455(o) during 
     any period beginning on or after October 1, 2008, and did not 
     receive the full benefit under such section for which the 
     borrower qualified, is provided compensation in an amount 
     equal to the amount of interest paid by the borrower that 
     would have been subject to that benefit.
       (d) Borrower Request Not Required.--The Secretary of 
     Defense shall obtain or provide any information necessary to 
     implement the activities described in this section without 
     requiring a request from a borrower.
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