[Congressional Record Volume 168, Number 158 (Thursday, September 29, 2022)]
[Senate]
[Page S5663]
From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]

  SA 6109. Mr. THUNE submitted an amendment intended to be proposed to 
amendment SA 5499 submitted by Mr. Reed (for himself and Mr. Inhofe) 
and intended to be proposed to the bill H.R. 7900, to authorize 
appropriations for fiscal year 2023 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 F of title X, insert the following:

     SEC. 1064. ANNUAL REPORTS ON THE AUGUST 2022 LOAN 
                   CANCELLATION EFFORT AND READINESS.

       (a) Definitions.--In this section:
       (1) Appropriate committees.--The term ``appropriate 
     committees'' means--
       (A) the Committee on Armed Services, Committee on Banking, 
     and Committee on Health, Education, Labor, and Pensions of 
     the Senate; and
       (B) the Committee on Armed Services, the Committee on 
     Financial Services, and the Committee on Education and Labor 
     of the House of Representatives.
       (2) Federal student loan.--The term ``Federal student 
     loan'' means a loan made, insured, or guaranteed under title 
     IV of the Higher Education Act of 1965 (20 U.S.C. 1070 et 
     seq.).
       (3) August 2022 loan cancellation effort.--The term 
     ``August 2022 loan cancellation effort''--
       (A) means the decision made on August 24, 2022, to provide 
     loan cancellation under section 2 of the Higher Education 
     Relief Opportunities for Students Act of 2003 (20 U.S.C. 
     1098bb) for certain Federal student loan borrowers; and
       (B) excludes any targeted Federal student loan forgiveness, 
     cancellation, or repayment programs carried out under the 
     Higher Education Act of 1965 (20 U.S.C. 1001 et seq.), under 
     final regulations as in effect on May 11, 2022.
       (b) Annual Report on Federal Student Loan Forgiveness and 
     Readiness.--
       (1) In general.--Not later than 180 days after the date of 
     enactment of this Act and annually thereafter for the 
     following 4 years, the Undersecretary of Defense for 
     Personnel and Readiness shall submit to the appropriate 
     committees a report on the effect of the Secretary of 
     Education's August 2022 loan cancellation effort.
       (2) Contents.--A report required under paragraph (1) shall 
     include--
       (A) data and analysis with respect to the Secretary of 
     Education's August 2022 loan cancellation effort and its 
     effect on--
       (i) recruitment;
       (ii) retention; and
       (iii) readiness; and
       (B) in the case of the first report required under 
     paragraph (1), an estimate on the total number of military 
     personnel and veterans who have received, or are eligible 
     for, loan cancellation under the Secretary of Education's 
     August 2022 loan cancellation effort.
                                 ______