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Provide for reconciliation pursuant to title II of H. Con. Res. 14 › Section 85002

Delay of Rule Relating to Closed School Discharges

Section 85002 · Sec. 85002 ·

What this chapter is about

This part switches off a 2022 rule on closed school discharges. It covers loans first made before July 1, 2035. Three named parts of the rules are read as if the 2022 change had not been made.

2 proposals indexed from this chapter.

The 2022 closed school rule is out of effect for these loans

The document says “shall not”Who acts: Secretary of EducationHow: statuteSec. 85002 in the PDF
What the document says

“the provisions of sections 674.33(g), 682.402(d), and 685.214 of title 34, Code of Federal Regulations (relating to closed school discharges), as added or amended by the final regulations published by the Department of Education on November 1, 2022”

To provide for reconciliation pursuant to title II of H. Con. Res. 14, Sec. 85002

The section provides that from enactment, for loans that first originate before July 1, 2035, the closed school discharge provisions of sections 674.33(g), 682.402(d) and 685.214 of title 34 of the Code of Federal Regulations, as added or amended by the final regulations published November 1, 2022, are not in effect.

What the document actually says

“the provisions of sections 674.33(g), 682.402(d), and 685.214 of title 34, Code of Federal Regulations (relating to closed school discharges), as added or amended by the final regulations published by the Department of Education on November 1, 2022”

To provide for reconciliation pursuant to title II of H. Con. Res. 14, Sec. 85002
That sentence, in plain words

Three named parts of the rules are switched off. They deal with wiping loans when a school shuts. They were changed by a 2022 decision.

What this is about

That covers loans first made before July 1, 2035. The rules are not indexed here. Only the switch is recorded.

No action is recorded against this proposal. That is not evidence that none has been taken, and nobody has yet read it against the record. See what the tracker does not yet cover.

Those parts are read as if the 2022 change had not been made

The document says “shall”Who acts: Secretary of EducationHow: statuteSec. 85002 in the PDF
What the document says

“shall be in effect as if the amendments made by such final regulations had not been made.”

To provide for reconciliation pursuant to title II of H. Con. Res. 14, Sec. 85002

The section provides that from enactment, for loans first originating before July 1, 2035, the named parts of the Code of Federal Regulations are in effect as if the 2022 final regulations had not changed them.

What the document actually says

“shall be in effect as if the amendments made by such final regulations had not been made.”

To provide for reconciliation pursuant to title II of H. Con. Res. 14, Sec. 85002
That sentence, in plain words

Those parts apply as if the change had never been made.

What this is about

So the older wording governs. That covers loans first made before July 1, 2035. The rules are not indexed here.

No action is recorded against this proposal. That is not evidence that none has been taken, and nobody has yet read it against the record. See what the tracker does not yet cover.

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What This Page Covers, and What It Leaves Out

Both things the section does: put the 2022 rule out of effect for those loans, and read the named parts as if the change had not been made.

Nothing in the section is left out. It has two subsections and each is recorded.

The section reaches sections 674.33(g), 682.402(d) and 685.214 of title 34 of the Code of Federal Regulations and a final rule at 87 Fed. Reg. 65904, neither of which is indexed here.