[Congressional Record Volume 164, Number 139 (Tuesday, August 21, 2018)]
[Senate]
[Page S5779]
From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]
SA 3872. Mr. NELSON submitted an amendment intended to be proposed to
amendment SA 3695 proposed by Mr. Shelby to the bill H.R. 6157, making
appropriations for the Department of Defense for the fiscal year ending
September 30, 2019, and for other purposes; which was ordered to lie on
the table; as follows:
At the appropriate place in title III of division B, insert
the following:
Sec. __. (a) Section 455(f) of the Higher Education Act of
1965 (20 U.S.C. 1087e(f)) is amended--
(1) by redesignating paragraphs (3) and (4) as paragraphs
(4) and (5), respectively; and
(2) by inserting after paragraph (2) the following:
``(3) Deferment for borrowers receiving cancer treatment.--
``(A) Effect on principal and interest.--A borrower of a
loan made under this part who meets the requirements of
subparagraph (B) shall be eligible for a deferment, during
which periodic installments of principal need not be paid,
and interest shall not accrue.
``(B) Eligibility.--A borrower of a loan made under this
part shall be eligible for a deferment during--
``(i) any period in which such borrower is receiving
treatment for cancer; and
``(ii) the 6 months after such period.
``(C) Applicability.--This paragraph shall apply with
respect to loans--
``(i) made on or after the date of the enactment of this
paragraph; or
``(ii) in repayment on the date of the enactment of this
paragraph.''.
(b) Section 427(a)(2)(C) of the Higher Education Act of
1965 (20 U.S.C. 1077(a)(2)(C)) is amended--
(1) in clause (ii), by striking ``; or'' and inserting a
semicolon;
(2) in clause (iii), by inserting ``or'' after the
semicolon; and
(3) by inserting after clause (iii) the following:
``(iv) in which the borrower is receiving treatment for
cancer and the 6 months after such period;''.
(c) Section 428(b)(1)(M) of the Higher Education Act of
1965 (20 U.S.C. 1078(b)(1)(M)) is amended--
(1) in clause (iii), by striking ``or (II); or'' and
inserting ``or (II);'';
(2) in clause (iv), by inserting ``or'' after the
semicolon; and
(3) by adding at the end the following:
``(v) during which the borrower is receiving treatment for
cancer and the 6 months after such period;''.
(d) Section 464(c)(2) of the Higher Education Act of 1965
(20 U.S.C. 1087dd(c)(2)) is amended--
(1) in subparagraph (A)--
(A) in clause (iv), by striking ``; or'' and inserting a
semicolon;
(B) in clause (v), by inserting ``or'' after the semicolon;
and
(C) by inserting after clause (v) the following:
``(vi) during which the borrower is receiving treatment for
cancer and the 6 months after such period;''.
(e) Section 428H(e)(2) of the Higher Education Act of 1965
(20 U.S.C. 1078-8(e)(2)) is amended--
(1) in subparagraph (A), by striking ``Interest'' and
inserting, ``Except as provided in subparagraph (C),
interest''; and
(2) by adding at the end the following:
``(C) Interest shall not accrue on a loan deferred under
section 428(b)(1)(M)(v) or 427(a)(2)(C)(iv).''.
(f) The amendments made by this section shall apply with
respect to loans--
(1) made on or after the date of the enactment of this Act;
or
(2) in repayment on the date of the enactment of this Act.
______