Sec. 315. Pilot program on student loan repayment at Office of Intelligence and Analysis of Department of the Treasury
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The Assistant Secretary for Intelligence and Analysis in the Department of the Treasury shall carry out a pilot program to assess the feasibility and advisability of using repayment of loans on behalf of persons that were used by the persons to finance education as a recruitment incentive for employment at the Office of Intelligence and Analysis of China specialists, data scientists, cyber specialists, and others with any other analytic or technical capabilities that are in high demand by the Office.
Under the pilot program, the Assistant Secretary may repay the principal, interest, and related expenses of a loan obtained by a covered person to finance education. For purposes of paragraph (1), a covered person is a person who agrees to an offer from the Assistant Secretary to participate in the pilot program before beginning employment in the Office. Under the pilot program, the Assistant Secretary may repay not more than $100,000 on behalf of any one person. Under the pilot program, the Assistant Secretary may repay not more than $15,000 on behalf of any one person in any one fiscal year.
In repaying a loan of a person under the pilot program, the Assistant Secretary shall make payments— on a monthly basis; and only during the period beginning on the date on which the person begins employment with the Office and ending on the date on which the person leaves employment with the Office. The Assistant Secretary shall carry out the pilot program during the period of fiscal years 2022 through 2024. The total number of individuals receiving a loan repayment under the pilot program during any fiscal year may not exceed 10.
In carrying out the pilot program, the Assistant Secretary shall— establish such requirements relating to the academic or specialized training of participants as the Assistant Secretary considers appropriate to ensure that participants are prepared for employment as intelligence analysts; and periodically review the areas of high demand for particular analytic or technical capabilities and determine which academic areas of specialization may be most useful in addressing that demand.
The Assistant Secretary shall assess the feasibility and advisability of administering the pilot program by leveraging student loan programs of the Department of the Treasury that were in effect on the day before the date of the enactment of this Act. Not later than 120 days after the date of the enactment of this Act, the Assistant Secretary shall submit to Congress a preliminary report on the pilot program, including a description of the pilot program and the authorities to be utilized in carrying out the pilot program.
Not later than one year after the commencement of the pilot program and annually thereafter until the program ends, the Assistant Secretary shall submit to the congressional intelligence committees and the Director of National Intelligence a report on the pilot program. Each report submitted under subparagraph
(A)shall include— a description of the activities under the pilot program, including the number of individuals who participated in the pilot program; an assessment of the effectiveness of the pilot program as a recruitment tool; and such recommendations for legislative or administrative action as the Assistant Secretary considers appropriate in light of the pilot program. Not later than 2 years after the commencement of the pilot program, the Director of National Intelligence shall submit to the congressional intelligence committees the recommendations of the Director as to which, if any, other elements of the intelligence community would benefit from establishing a loan repayment program similar to the pilot program required by subsection (a), and what, if any, modifications the Director would recommend to the program if it were established. Of the amounts authorized to be appropriated by this Act, $1,300,000 shall be available until expended to carry out this section. Of such amounts— $1,000,000 shall be available for repayment of loans; and $300,000 shall be available for a period of 2 years during the pilot program to hire personnel to administer the pilot program.