Amendment102nd Congress
An amendment to place a cap of $500 million on the total loan volume of the institutions of higher education participating in the direct loan demonstration project for all years. The amendment provides that once the cap on loan volume is reached, students at participating institutions who wish to borrow would do so under the regular student loan programs.
- Amendment Number
- 448
- Description
- An amendment to place a cap of $500 million on the total loan volume of the institutions of higher education participating in the direct loan demonstration project for all years. The amendment provides that once the cap on loan volume is reached, students at participating institutions who wish to borrow would do so under the regular student loan programs.
- Purpose
- Amendment sought to place a cap of $500 million on the total loan volume of the institutions of higher education participating in the direct loan demonstration project for all years. \ A point of order was sustained against the amendment on the grounds that it violates section 303(a) of the Congressional Budget Act in that it would create new entitlement authority in fiscal year 1994 notwithstanding the fact that the Congress has not agreed to the budget resolution for fiscal year 1994.
- Congress
- 102
- Type
- HAMDT
- Latest Action Date
- Mar 26, 1992
- Latest Action Text
- Mr. Panetta raised a point of order against the Coleman (MO) amendment (A002). Mr. Panetta stated that the provisions of the Coleman amendment violate the Budget Act in that said provisions create entitlement and spending authority in a year that is affected by an as et not enacted budget measure. The Chair sustained the point of order.
- Latest Action Time
- 11:46:36
- Submitted Date
- Mar 26, 1992
- Chamber
- House of Representatives
- Update Date
- Jun 7, 2021