Sec. 4. Deficit Neutral Implementation of Student Loan Refinancing Programs
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/bill/113/s/2292/is/section-4A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
The Secretary of Education shall estimate the amount that is equal to the amount of the net increase in revenue received in the Treasury during the 10-year period beginning on the date of enactment of the Bank on Students Emergency Loan Refinancing Act attributable to the amendments made by section 3 of the Bank on Students Emergency Loan Refinancing Act . The Secretary of Education shall terminate the refinancing programs carried out under sections 460A and 460B of the Higher Education Act of 1965 on the date that the net cost of carrying out such refinancing programs is equal to the amount of additional revenue estimated under subsection (a).
When estimating cost and revenue under this section, the Secretary shall utilize the accounting methods and assumptions that are used by the Congressional Budget Office, as of the date of enactment of this Act, to make such estimations.