Political Quotes

“I have an amendment at the desk. The SPEAKER pro tempore. The Clerk will designate the amendment. The text of the amendment is as follows: In subtitle E of title XVII, add at the end the following: SEC. __. PAYMENTS FOR PRIVATE EDUCATION LOAN BORROWERS, AS A RESULT OF COVID-19. (a) Relief for Covered Borrowers as a Result of the COVID- 19 National Emergency.-- (1) Student loan relief as a result of the covid-19 national emergency.--The Secretary of the Treasury shall carry out a program under which the Secretary shall make payments, on behalf of a covered borrower, with respect to the private education loans of such borrower. (2) Payment amount.--Payments made under paragraph (1) with respect to a covered borrower shall be in an amount equal to the lesser of-- (A) the total amount of each private education loan of the borrower; or (B) $10,000. (3) Notification of borrowers.--Not later than 15 days following the date of enactment of this subsection, the Secretary shall notify each covered borrower of-- (A) the requirements to make payments under this section; and (B) the opportunity for such borrower to make an election under paragraph (4)(A) with respect to the application of such payments to the private education loans of such borrower.…”