[Congressional Record Volume 167, Number 20 (Wednesday, February 3, 2021)]
[Senate]
[Page S385]
From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]

  SA 405. Mr. SCOTT of Florida submitted an amendment intended to be 
proposed by him to the concurrent resolution S. Con. Res. 5, setting 
forth the congressional budget for the United States Government for 
fiscal year 2021 and setting forth the appropriate budgetary levels for 
fiscal years 2022 through 2030; which was ordered to lie on the table; 
as follows:

       At the end of title III, add the following:

     SEC. 3___. DEFICIT-NEUTRAL RESERVE FUND RELATING TO ENSURING 
                   THAT INSTITUTIONS OF HIGHER EDUCATION SHALL BE 
                   HELD RESPONSIBLE FOR A PERCENTAGE OF THE 
                   STUDENT LOAN DEFAULTS THAT OCCUR AFTER THE DATE 
                   OF ADOPTION OF THE CONCURRENT RESOLUTION THAT 
                   CAN REASONABLY BE TRACED TO SUCH INSTITUTIONS.

       The Chairman of the Committee on the Budget of the Senate 
     may revise the allocations of a committee or committees, 
     aggregates, and other appropriate levels in this resolution, 
     and make adjustments to the pay-as-you-go ledger, for one or 
     more bills, joint resolutions, amendments, amendments between 
     the Houses, motions, or conference reports relating to 
     ensuring that institutions of higher education shall be held 
     responsible for a percentage of the student loan defaults 
     that occur after the adoption of this Concurrent Resolution 
     that can reasonably be traced to such institutions by the 
     amounts provided in such legislation for those purposes, 
     provided that such legislation would not increase the deficit 
     over either the period of the total of fiscal years 2021 
     through 2025 or the period of the total of fiscal years 2021 
     through 2030.
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