[Congressional Record Volume 168, Number 133 (Saturday, August 6, 2022)]
[Senate]
[Page S4338]
From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]

  SA 5416. Mr. LEE submitted an amendment intended to be proposed by 
him to the bill H.R. 5376, to provide for reconciliation pursuant to 
title II of S. Con. Res. 14; which was ordered to lie on the table; as 
follows:

       At the appropriate place, insert the following:

     SEC. ___. FEDERAL STUDENT LOAN INTEGRITY.

       (a) Prohibition.--The Secretary of Education may not use 
     the authority under section 2(a)(1) of the Higher Education 
     Relief Opportunities for Students Act of 2003 (20 U.S.C. 
     1098bb(a)(1)) to issue a waiver or modification, or to extend 
     a waiver or modification issued before the date of enactment 
     of this Act, of any statutory or regulatory provision 
     applicable to the student financial assistance programs under 
     title IV of the Higher Education Act of 1965 (20 U.S.C. 1070 
     et seq.) in connection with the national emergency declared 
     by the President on March 13, 2020, pursuant to the National 
     Emergencies Act (50 U.S.C. 1601 et seq.) (Proclamation 9994).
       (b) Limitation on Waivers and Modifications.--Section 
     2(a)(1) of the Higher Education Relief Opportunities for 
     Students Act of 2003 (20 U.S.C. 1098bb(a)(1)) is amended--
       (1) by striking ``Notwithstanding'' and inserting the 
     following:
       ``(A) Authority of secretary.--Except as provided in 
     subparagraph (B), notwithstanding''; and
       (2) by adding at the end the following:
       ``(B) Limitation.--A waiver or modification under paragraph 
     (1) may not--
       ``(i) provide for a period that exceeds 60 days during 
     which--

       ``(I) payments of principal or interest due on loans made, 
     insured, or guaranteed under part B, D, or E of title IV of 
     the Act are suspended; or
       ``(II) interest does not accrue on such loans; or

       ``(ii) result in the discharge or cancellation of a loan 
     made, insured, or guaranteed under part B, D, or E of title 
     IV of the Act.''.
       (c) No Loan Forgiveness Authority.--
       (1) Removal of loan forgiveness authority.--Section 
     432(a)(6) of the Higher Education Act of 1965 (20 U.S.C. 
     1082(a)(6)) is amended by striking ``, pay, compromise, 
     waive, or release''.
       (2) No authority for any loan forgiveness plan.--The 
     amendment made by paragraph (1) shall prohibit the President 
     or the Secretary of Education from--
       (A) cancelling $10,000 in student loan debt under part B or 
     D of title IV of the Higher Education Act of 1965 (20 U.S.C. 
     1071 et seq.; 1087a et seq.) for borrowers with an annual 
     income of not more than $125,000; or
       (B) carrying out any other loan forgiveness program not 
     explicitly authorized under such title.
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