On the recordDecember 17, 2013
I would like to thank the chairman of the Senate Budget Committee, who coauthored this legislation, for clarifying that it is not the intent of the bill's authors to require that existing contracts with not-for-profit student loan servicers be canceled and that such servicers will continue to be able to compete for additional Department of Education contracts in the future. Not- for-profit servicers provide students in Maine and across the country with important financial counseling services, and I am pleased to know that they will continue to be allowed to compete to perform this work under this legislation. The PRESIDING OFFICER. The Senator from Arkansas.
