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Provide for reconciliation pursuant to title II of H. Con. Res. 14Section 70119 › Proposal

The changes reach discharges after December 31, 2025

To provide for reconciliation pursuant to title II of H. Con. Res. 14, section 70119, Sec. 70119. Written by .

The changes reach discharges after December 31, 2025

The document says “shall applyWho acts: Secretary of the TreasuryHow: statuteSec. 70119 in the PDF
What the document says

“The amendments made by this section shall apply to discharges after December 31, 2025.”

To provide for reconciliation pursuant to title II of H. Con. Res. 14, Sec. 70119

The section applies its amendments to discharges after December 31, 2025.

What the document actually says

“The amendments made by this section shall apply to discharges after December 31, 2025.”

To provide for reconciliation pursuant to title II of H. Con. Res. 14, Sec. 70119
That sentence, in plain words

The changes reach loans cleared after December 31, 2025.

What this is about

Loans cleared before then are not touched. The old rules still hold for them. The date is fixed in the law.

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