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Code · BILL · 117th Congress · H.R. 4616 (Introduced in House) — To deem certain references to LIBOR as referring to a replacement benchmark rate upon the occurrence of certain event... · Sec. 9

Sec. 9. Special allowance payments for legacy Federal student loans

110 words·~1 min read·/bill/117/hr/4616/ih/section-9

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Section 438(b)(2)(I) of the Higher Education Act ( 20 U.S.C. 1087–1(b)(2)(I) ) is amended by striking of the 1-month London Inter Bank Offered Rate (LIBOR) for United States dollars in effect for each of the days in such quarter as compiled and released by the British Bankers Association and inserting of 1-month LIBOR for United States dollars in effect for each of the days in such quarter as administered by ICE Benchmark Administration Limited (or any successor) or (as determined by the Secretary) any replacement benchmark rate for contracts established by the Board of Governors of the Federal Reserve System under the Adjustable Interest Rate (LIBOR) Act of 2021. .
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  • 20 USC 1087–1(b)(2)(I)
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Sec. 9
Special allowance payments for legacy Federal student loans
Cite20 USC 1087–1(b)(2)(I)
Cites 1Cited by 0 across 0 sources
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