[Congressional Record Volume 171, Number 112 (Saturday, June 28, 2025)]
[Senate]
[Page S4028]
From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]

  SA 2636. Mr. REED submitted an amendment intended to be proposed to 
amendment SA 2360 proposed by Mr. Thune (for Mr. Graham) to the bill 
H.R. 1, to provide for reconciliation pursuant to title II of H. Con. 
Res. 14; which was ordered to lie on the table; as follows:

        At the end of section 82002, add the following:
       (c) Eliminating Interest Accrual During Certain Federal 
     Student Loan Deferments.--
       (1) In general.--Section 455(f) of the Higher Education Act 
     of 1965 (20 U.S.C. 1087e(f)) is amended--
       (A) in paragraph (1), by striking ``, and interest--'' and 
     all that follows through the period at the end of 
     subparagraph (B) and inserting ``, and interest shall not 
     accrue.'';
       (B) in paragraph (4)(A), by striking ``, and interest--'' 
     and all that follows through the period at the end of clause 
     (ii), and inserting ``and interest shall not accrue.''; and
       (C) by adding at the end the following:
       ``(9) Interest accrual during certain 6-month periods of 
     deferment for federal direct plus loans.--
       ``(A) Parent borrowers.--In the case of a Federal Direct 
     PLUS Loan made under this part to a parent borrower and for 
     which the parent has received a deferral pursuant to section 
     428B(d)(1)(B)(i), interest shall not accrue with respect to 
     such loan during such period.
       ``(B) Graduate or professional student borrowers.--In the 
     case of a Federal Direct PLUS Loan made under this part to a 
     graduate or professional student borrower and for which the 
     student has received a deferral pursuant to section 
     428B(d)(1)(B)(ii), interest shall not accrue with respect to 
     such loan during such period.''.
       (2) Applicability.--The amendments made by this subsection 
     shall not apply to any loan made prior to the date of 
     enactment of this Act.
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