datamatters24/research-document-archive huggingface dataset:
I 
109TH CONGRESS 
1ST SESSION H. R. 2708 
To suspend temporarily the duty on Benzo[1,2-b:4,5-b′]difuran-2,6-dione, 3- 
phenyl-7-(4-propoxyphenyl)-. 
IN THE HOUSE OF REPRESENTATIVES 
MAY 26, 2005 
Mrs. MYRICK introduced the following bill; which was referred to the 
Committee on Ways and Means 
A BILL 
To suspend temporarily the duty on Benzo[1,2-b:4,5- 
b′]difuran-2,6-dione, 3-phenyl-7-(4-propoxyphenyl)-. 
Be it enacted by the Senate and House of Representa-
tives of the United States of America in Congress assembled, 
SECTION 
1. 
BENZO[1,2-B:4,5-B′]DIFURAN-2,6-DIONE, 
3- 
PHENYL-7-(4-PROPOXYPHENYL)-. 
(a) IN GENERAL.—Subchapter II of chapter 99 of 
the Harmonized Tariff Schedule of the United States is 
amended by inserting in numerical sequence the following 
new heading: 
‘‘ 
9902.12.13 
Benzo[1,2-b:4,5-b′]difuran- 
2,6-dione, 3-phenyl-7-(4- 
propoxyphenyl)-. (CAS No. 
79694–17–0) (provided for 
in subheading 3204.11.35) ..
Free 
No change 
No change 
On or before 
12/31/2008 
’’.
(b) EFFECTIVE DATE.—The amendment made by 
subsection (a) applies to goods entered, or withdrawn from 
warehouse for consumption, on or after the 15th day after 
the date of enactment of this Act. 
Æ
(3) by redesignating subclause (IV) as sub-
clause (V); and 
(4) by inserting after subclause (III) the fol-
lowing: 
‘‘(IV) the last day of such period that 
the Secretary determines appropriate, if 
the failure to enroll is due to the failure to 
provide the worker with timely information 
regarding the date specified in subclause 
(I) or (II), as the case may be, or’’. 
(b) WAIVERS OF TRAINING REQUIREMENTS.—Sub-
section (c) of such section 231 is amended— 
(1) in paragraph (1)(B)— 
(A) by striking ‘‘The worker possesses’’ 
and inserting 
‘‘(i) IN GENERAL.—The worker pos-
sesses’’; 
(B) by moving the remaining text 2 ems to 
the right; and 
(C) by adding at the end the following: 
‘‘(ii) 
MARKETABLE
SKILLS
DE-
FINED.—For purposes of clause (i), the 
term ‘marketable skills’ may include the 
possession of a postgraduate degree from 
an institution of higher education (as de-
I 
109TH CONGRESS 
1ST SESSION H. R. 2709 
To suspend temporarily the duty on Ethanesulfonic acid, 2-[[[2,5-dichloro- 
4-[(2-methyl-1H-indol-3-yl)azo]phenyl]sulf onyl]amino]-, monosodium salt. 
IN THE HOUSE OF REPRESENTATIVES 
MAY 26, 2005 
Mrs. MYRICK introduced the following bill; which was referred to the 
Committee on Ways and Means 
A BILL 
To suspend temporarily the duty on Ethanesulfonic acid, 
2-[[[2,5-dichloro-4-[(2-methyl-1H-indol-3- 
yl)azo]phenyl]sulf onyl]amino]-, monosodium salt. 
Be it enacted by the Senate and House of Representa-
tives of the United States of America in Congress assembled, 
SECTION 1. ETHANESULFONIC ACID, 2-[[[2,5-DICHLORO-4- 
[(2-METHYL-1H-INDOL-3- 
YL)AZO]PHENYL]SULFONYL]AMINO]-, 
MONO-
SODIUM SALT. 
(a) IN GENERAL.—Subchapter II of chapter 99 of 
the Harmonized Tariff Schedule of the United States is 
amended by inserting in numerical sequence the following 
new heading:
‘‘ 
9902.12.14 
Ethanesulfonic acid, 2-[[[2, 
5-dichloro-4-[(2-methyl-1H- 
indol-3-yl)azo] 
phenyl]sulfonyl] amino]-, 
monosodium salt (CAS No. 
68959–19–3) (provided for 
in subheading 3204.12.45) ..
Free 
No change 
No change 
On or before 
12/31/2008 
’’. 
(b) EFFECTIVE DATE.—The amendment made by 
subsection (a) applies to goods entered, or withdrawn from 
warehouse for consumption, on or after the 15th day after 
the date of enactment of this Act. 
Æ
for voluntary participation in an articulation agree-
ment demonstration program. 
‘‘(2) ELIGIBLE APPLICANTS.—
‘‘(A) ELIGIBLE INSTITUTIONS.—Except as 
provided in subparagraphs (B), (C), and (D), 
only an institution of higher education that is 
eligible to participate in programs under this 
title shall be eligible to participate in the articu-
lation program authorized under this section. 
‘‘(B) PROHIBITION.—An institution of 
higher 
education 
described 
in 
section 
102(a)(1)(C) shall not be eligible to participate 
in the articulation program authorized under 
this section. 
‘‘(C) SPECIAL RULE.—Subject to subpara-
graph (B), an institution of higher education 
that meets the requirements of subsection (a) of 
section 102, other than the requirement of 
paragraph (3)(A) or (3)(B) of such subsection, 
and that provides a 2-year or 4-year program of 
instruction for which the institution awards an 
associate or baccalaureate degree, shall be eligi-
ble to participate in the demonstration program 
authorized under this section. 
‘‘(c) APPLICATION.—
‘‘(1) IN GENERAL.—Each institution, system, 
or consortium of institutions desiring to participate 
in a demonstration program under this section shall 
submit an application to the Secretary at such time 
and in such manner as the Secretary may require. 
‘‘(2) CONTENTS.—Each application shall in-
clude—
‘‘(A) a description of the institution, sys-
tem, or consortium’s consultation with a recog-
nized accrediting agency or association with re-
spect to quality assurances for the articulation 
programs to be offered; 
‘‘(B) a description of the articulation pro-
gram to be offered; 
‘‘(C) a description of the students to whom 
the articulation programs will be offered; 
‘‘(D) an assurance that the institution, 
system, or consortium will offer full cooperation 
with the ongoing evaluations of the demonstra-
tion program provided for in this section; and 
‘‘(E) such other information as the Sec-
retary may require. 
‘‘(d) SELECTION.—
‘‘(1) IN GENERAL.—For the first year of the 
demonstration program authorized under this sec-
tion, the Secretary is authorized to select for partici-
pation in the program not more than 100 institu-
tions, systems of institutions, or consortia of institu-
tions. For the third year of the demonstration pro-
gram authorized under this section, the Secretary 
may select not more than 250 institutions, systems, 
or consortia, in addition to the institutions, systems, 
or consortia selected pursuant to the preceding sen-
tence, to participate in the demonstration program if 
the Secretary determines that such expansion is war-
ranted based on the evaluations conducted in accord-
ance with subsections (f) and (g). 
‘‘(2) CONSIDERATIONS.—In selecting institu-
tions to participate in the articulation program in 
the first or succeeding years of the program, the 
Secretary shall take into account—
‘‘(A) the number and quality of applica-
tions received; 
‘‘(B) the Department’s capacity to oversee 
and monitor each institution’s participation; 
‘‘(C) an applicant’s—
‘‘(i) financial responsibility; 
‘‘(ii) administrative capability; and
HR 2985 PP1S 
Counsel of the House, $2,453,000; for salaries and ex-
penses of the Office of the Legislative Counsel of the 
House, $6,963,000; for salaries and expenses of the Office 
of Interparliamentary Affairs, $720,000; for other author-
ized employees, $161,000; and for salaries and expenses 
of the Office of the Historian, $405,000. 
ALLOWANCES AND EXPENSES 
For allowances and expenses as authorized by House 
resolution or law, $223,124,000, including: supplies, mate-
rials, administrative costs and Federal tort claims, 
$4,179,000; official mail for committees, leadership of-
fices, and administrative offices of the House, $410,000; 
Government contributions for health, retirement, Social 
Security, 
and 
other 
applicable 
employee 
benefits, 
$214,422,000; supplies, materials, and other costs relating 
to the House portion of expenses for the Capitol Visitor 
Center, $3,410,000, to remain available until expended; 
and miscellaneous items including purchase, exchange, 
maintenance, repair and operation of House motor vehi-
cles, interparliamentary receptions, and gratuities to heirs 
of deceased employees of the House, $703,000. 
CHILD CARE CENTER 
For salaries and expenses of the House of Represent-
atives Child Care Center, such amounts as are deposited 
in the account established by section 312(d)(1) of the Leg-
I 
109TH CONGRESS 
1ST SESSION 
H. R. 270
To require establishment of an Office of Territorial Affairs in each Executive 
department and each independent establishment. 
IN THE HOUSE OF REPRESENTATIVES 
JANUARY 6, 2005
Mrs. CHRISTENSEN introduced the following bill; which was referred to the 
Committee on Resources 
A BILL 
To require establishment of an Office of Territorial Affairs 
in each Executive department and each independent es-
tablishment.
Be it enacted by the Senate and House of Representa-
tives of the United States of America in Congress assembled, 
SECTION 1. REQUIREMENT TO ESTABLISH OFFICE OF TER-
RITORIAL AFFAIRS. 
(a) REQUIREMENT.—The head of each Executive de-
partment and of each independent establishment shall—
(1) establish an Office of Territorial Affairs; 
and 
(2) appoint a Director of the Office of Terri-
torial Affairs, who shall be the head of such office.
(b) FUNCTIONS OF DIRECTOR.—The Director shall 
serve as the liaison to the territories with respect to imple-
mentation of the programs of the Executive department 
or independent establishment. 
(c) DEFINITIONS.—In this section: 
(1) DIRECTOR.—The term ‘‘Director’’ means 
Director of the Office of Territorial Affairs of an 
Executive department or independent establishment 
appointed under this section. 
(2) EXECUTIVE DEPARTMENT.—The term ‘‘Ex-
ecutive department’’ means each Executive depart-
ment listed in section 101 of title 5, United States 
Code. 
(3) 
INDEPENDENT
ESTABLISHMENT.—The 
term ‘‘independent establishment’’ has the meaning 
that term has under section 104 of title 5, United 
States Code, 
(4) 
TERRITORIES.—The 
term 
‘‘territories’’ 
means Guam, the United States Virgin Islands, 
American Samoa, and the Commonwealth of North-
ern Mariana Islands.
Æ
‘‘(D) the need to ensure the participation 
of a diverse group of institutions with respect to 
size, mission, and geographic distribution. 
‘‘(3) PRIORITY.—In selecting institutions to 
participate in the articulation program in the first or 
succeeding years of the program, the Secretary shall 
give priority to applicants that involve a large num-
ber of schools; public and private agreements; inno-
vative technology to help reduce costs; and, multi-
state projects. 
‘‘(4) NOTIFICATION.—The Secretary shall make 
available to the public and to the Committee on 
Health, Education, Labor, and Pensions of the Sen-
ate and the Committee on Education and the Work-
force of the House of Representatives a list of insti-
tutions, systems or consortia selected to participate 
in the articulation program authorized by this sec-
tion. 
‘‘(e) EVALUATIONS AND REPORTS.—
‘‘(1) EVALUATION.—The Secretary shall evalu-
ate the demonstration programs authorized under 
this section on an annual basis. Such evaluations 
specifically shall review—
‘‘(A) the extent to which the institution, 
system or consortium has met the goals set 
forth in its application to the Secretary; 
‘‘(B) the number and types of institutions 
participating in the programs offered; 
‘‘(C) the cost containment strategies pur-
sued and the success of such strategies; and 
‘‘(D) the effective use of technologies to 
keep college prices low, while maintaining qual-
ity. 
‘‘(2) REPORTS.—
‘‘(A) IN GENERAL.—Within 18 months of 
the initiation of the demonstration program, the 
Secretary shall report to the Committee on 
Health, Education, Labor, and Pensions of the 
Senate and the Committee on Education and 
the Workforce of the House of Representatives 
with respect to the evaluations of the dem-
onstration programs authorized under this sec-
tion. 
‘‘(B) ADDITIONAL
REPORTS.—The Sec-
retary shall provide additional reports to the 
Committee on Health, Education, Labor, and 
Pensions of the Senate and the Committee on
Education and the Workforce of the House of 
Representatives on an annual basis regarding—
‘‘(i) the demonstration programs au-
thorized under this section; and 
‘‘(ii) best practices to contain college 
costs.’’. 
(e) ADVISORY COMMITTEE ON STUDENT FINANCIAL 
ASSISTANCE.—Section 491(j) (20 U.S.C. 1098(j)) is 
amended 
(1) by striking ‘‘and’’ at the end of paragraph 
(4); 
(2) by striking the period at the end of para-
graph (5) and inserting ‘‘; and’’; and 
(3) by adding at the end the following new 
paragraph: 
‘‘(6) convene a task force of experts, to be rep-
resentative of the key constituents in higher edu-
cation—
‘‘(A) to determine the best methods to fi-
nance higher education in the long-term; 
‘‘(B) to help public institutions utilize 
long-term budgeting to plan for the future; 
‘‘(C) to review the trends of financing of 
higher education;
I 
109TH CONGRESS 
1ST SESSION H. R. 2710 
To suspend temporarily the duty on 2,7-Naphthalenedisulfonic acid, 5-[[4- 
chloro-6-[(3-sulfophenyl)amino]-1,3,5-triazin-2-yl]ami 
no]-4-hydroxy-3- 
[[4-[[2-(sulfooxy)ethyl]sulfonyl]phenyl]azo]- , sodium salt. 
IN THE HOUSE OF REPRESENTATIVES 
MAY 26, 2005 
Mrs. MYRICK introduced the following bill; which was referred to the 
Committee on Ways and Means 
A BILL 
To 
suspend 
temporarily 
the 
duty 
on 
2,7- 
Naphthalenedisulfonic 
acid, 
5-[[4-chloro-6-[(3- 
sulfophenyl)amino]-1,3,5-triazin-2-yl]ami no]-4-hydroxy- 
3-[[4-[[2-(sulfooxy)ethyl]sulfonyl]phenyl]azo]- , sodium 
salt. 
Be it enacted by the Senate and House of Representa-
tives of the United States of America in Congress assembled,
SECTION 
1. 
2,7-NAPHTHALENEDISULFONIC 
ACID, 
5-[[4- 
CHLORO-6-[(3-SULFOPHENYL)AMINO]-1,3,5- 
TRIAZIN-2-YL]AMINO]-4-HYDROXY-3-[[4-[[2- 
(SULFOOXY)ETHYL]SULFONYL]PHENYL]AZO]-, 
SODIUM SALT. 
(a) IN GENERAL.—Subchapter II of chapter 99 of 
the Harmonized Tariff Schedule of the United States is 
amended by inserting in numerical sequence the following 
new heading: 
‘‘ 
9902.12.15 
2,7-Naphthalenedisulfonic 
acid, 5-[[4-chloro-6-[(3- 
sulfophenyl)amino]-1,3,5- 
triazin-2-yl]amino]-4-hy-
droxy-3-[[4-[[2- 
(sulfoox-
y)ethyl]sulfonyl]phenyl]azo]-, 
sodium salt. (CAS No. 
78952–61–1) (provided for 
in subheading 3204.16.30) ..
Free 
No change 
No change 
On or before 
12/31/2008 
’’. 
(b) EFFECTIVE DATE.—The amendment made by 
subsection (a) applies to goods entered, or withdrawn from 
warehouse for consumption, on or after the 15th day after 
the date of enactment of this Act. 
Æ
‘‘(D) to define the role played by the 
States, the Federal Government, families, and 
outside entities in financing higher education, 
and determine the best methods to strengthen 
this partnership.’’. 
SEC. 103. ELIMINATION OF LOAN FEES TO BORROWERS. 
(a) FEDERAL
FAMILY
EDUCATION
LOAN
PRO-
GRAM.—Section 438(c) of the Higher Education Act of 
1965 (20 U.S.C. 1087–1(c)) is amended by adding at the 
end the following new paragraph: 
‘‘(9) ORIGINATION
FEES
TERMINATED.—Not-
withstanding any other provision of this subsection, 
with respect to any loan made, insured, or guaran-
teed under this part on or after the first July 1 after 
the date of enactment of the College Opportunity for 
All Act—
‘‘(A) no eligible lender may collect directly 
or indirectly from any borrower any origination 
fee with respect to such loan, or any other fee 
relating to the origination of a loan however de-
scribed; and 
‘‘(B) the Secretary shall not collect any 
origination fee from the lender under this sub-
section.’’. 
(b) FEDERAL DIRECT LOAN PROGRAM.—
(1) AMENDMENT.—Section 455(c) of such Act 
(20 U.S.C. 1087e(c)) is amended to read as follows: 
‘‘(c) LOAN FEE.—The Secretary shall not collect di-
rectly or indirectly from any borrower any origination fee 
with respect to such loan, or any other fee relating to the 
origination of a loan however described.’’. 
(2) EFFECTIVE DATE.—The amendment made 
by paragraph (1) shall apply with respect to any 
loan made under part D of title IV on an after the 
first July 1 after the date of enactment of this Act. 
SEC. 104. AUTHORITY TO REFINANCE CONSOLIDATION 
LOANS. 
(a) CONSOLIDATION LOAN REFINANCING.—
(1) FFEL CONSOLIDATION
LOANS.—Section 
428C(a)(3)(B) of the Higher Education Act of 1965 
(20 U.S.C. 1078–3(a)(3)(B)) is amended by adding 
at the end the following new clause: 
‘‘(ii) Notwithstanding clause (i) of this subpara-
graph, a borrower of a consolidation loan on which 
the interest is established at a fixed rate under sec-
tion 427A, 428C(c), or 455 may obtain a subsequent 
consolidation loan for the purposes of refinancing 
such earlier consolidation loan at a fixed or variable 
rate under section 427A(l)(3) or 455(b)(7)(C) if the 
interest rate on such earlier consolidation loan ex-
ceeds the sum of 3.3 percent and the average of the 
bond equivalent rates of the 91-day Treasury bills 
auctioned for the previous calendar quarter.’’. 
(2) PARALLEL TERMS FOR FEDERAL DIRECT 
CONSOLIDATION
LOANS.—Section 455(a) of the 
Higher Education Act of 1965 (20 U.S.C. 1087e(a)) 
is amended—
(A) in paragraph (1), by inserting ‘‘428C,’’ 
after ‘‘428B,’’; and 
(B) in paragraph (2)—
(i) by striking ‘‘and’’ at the end of 
subparagraph (B); 
(ii) by redesignating subparagraph 
(C) as subparagraph (D); and 
(iii) by inserting after subparagraph 
(B) the following: 
‘‘(C) section 428C shall be know as ‘Fed-
eral Direct Consolidation Loans’.’’. 
(b) CONSOLIDATION LOAN INTEREST RATES.—
(1) FFEL LOANS.—Paragraph (3) of section 
427A(l) (20 U.S.C. 1077a(l)) is amended to read as 
follows: 
‘‘(3) CONSOLIDATION LOANS.—
‘‘(A) BORROWER ELECTION.—With respect 
to any consolidation loan under section 428C
HR 2985 PP1S 
islative Branch Appropriations Act, 1992 (2 U.S.C. 2112), 
subject to the level specified in the budget of the Center, 
as submitted to the Committee on Appropriations of the 
House of Representatives. 
ADMINISTRATIVE PROVISIONS 
SEC. 101. (a) REQUIRING AMOUNTS REMAINING IN 
MEMBERS’ REPRESENTATIONAL ALLOWANCES TO BE 
USED FOR DEFICIT REDUCTION OR TO REDUCE THE 
FEDERAL DEBT.—Notwithstanding any other provision of 
law, any amounts appropriated under this Act for 
‘‘HOUSE OF REPRESENTATIVES—SALARIES
AND 
EXPENSES—MEMBERS’ 
REPRESENTATIONAL
ALLOW-
ANCES’’ shall be available only for fiscal year 2006. Any 
amount remaining after all payments are made under such 
allowances for fiscal year 2006 shall be deposited in the 
Treasury and used for deficit reduction (or, if there is no 
Federal budget deficit after all such payments have been 
made, for reducing the Federal debt, in such manner as 
the Secretary of the Treasury considers appropriate). 
(b) REGULATIONS.—The Committee on House Ad-
ministration of the House of Representatives shall have 
authority to prescribe regulations to carry out this section. 
(c) DEFINITION.—As used in this section, the term 
‘‘Member of the House of Representatives’’ means a Rep-
I 
109TH CONGRESS 
1ST SESSION H. R. 2711 
To suspend temporarily the duty on 1,3,6-Naphthalenetrisulfonic acid, 7- 
[[2-[(aminocarbonyl)amino]-4-[[4-[4-[2-[[4-[[3-[(aminocarb onyl)amino]- 
4-[(3,6,8-trisulfo-2-naphthalenyl)azo]phenyl]ami o]-6-chloro-1,3,5-triazin- 
2-yl]amino]ethyl]-1-piperazinyl]- 
- 
chloro-1,3,5-triazin-2- 
yl]amino]phenyl]azo]-, lithium potassium sodium salt)-. 
IN THE HOUSE OF REPRESENTATIVES 
MAY 26, 2005 
Mrs. MYRICK introduced the following bill; which was referred to the 
Committee on Ways and Means 
A BILL 
To 
suspend 
temporarily 
the 
duty 
on 
1,3,6- 
Naphthalenetrisulfonic 
acid, 
7-[[2- 
[(aminocarbonyl)amino]-4-[[4-[4-[2-[[4-[[3-[(aminocarb 
onyl)amino]-4-[(3,6,8-trisulfo-2- 
naphthalenyl)azo]phenyl]ami 
o]-6-chloro-1,3,5-triazin-2- 
yl]amino]ethyl]-1-piperazinyl]- - chloro-1,3,5-triazin-2- 
yl]amino]phenyl]azo]-, 
lithium 
potassium 
sodium 
salt)-. 
Be it enacted by the Senate and House of Representa-
tives of the United States of America in Congress assembled,
SECTION 1. 1,3,6-NAPHTHALENETRISULFONIC ACID, 7-[[2- 
[(AMINOCARBONYL)AMINO]-4-[[4-[4-[2-[[4-[[3- 
[(AMINOCARBONYL)AMINO]-4-[(3,6,8- 
TRISULFO-2- 
NAPHTHALENYL)AZO]PHENYL]AMINO]-6- 
CHLORO-1,3,5-TRIAZIN-2-YL]AMINO]ETHYL]-1- 
PIPERAZINYL]-6-CHLORO-1,3,5-TRIAZIN-2- 
YL]AMINO]PHENYL]AZO]-, 
LITHIUM 
POTAS-
SIUM SODIUM SALT)-. 
(a) IN GENERAL.—Subchapter II of chapter 99 of 
the Harmonized Tariff Schedule of the United States is 
amended by inserting in numerical sequence the following 
new heading: 
‘‘ 
9902.12.16 
9,10–1,3,6- 
Naphthalenetrisulfonic acid, 
7-[[2- 
[(aminocarbonyl)amino]-4- 
[[4-[4-[2-[[4-[[3- 
[(aminocarbonyl)amino]-4- 
[(3,6,8-trisulfo-2- 
naphthaleny-
l)azo]phenyl]amino]-6- 
chloro-1,3,5-triazin-2- 
yl]amino]ethyl]-1- 
piperazinyl]-6-chloro-1,3,5- 
triazin-2- 
yl]amino]phenyl]azo]-, lith-
ium potassium sodium salt 
(CAS No. 202667–43–4) 
(provided for in subheading 
3204.16.30) .........................
Free 
No change 
No change 
On or before 
12/31/2008 
’’. 
(b) EFFECTIVE DATE.—The amendment made by 
subsection (a) applies to goods entered, or withdrawn from 
warehouse for consumption, on or after the 15th day after 
the date of enactment of this Act. 
Æ
SEC. 105. PROVIDING LOW COST LOANS. 
(a) FFEL INTEREST RATES.—Section 427A(l) (20 
U.S.C. 1077a(l)) is further amended—
(1) by redesignating paragraph (3) (as amend-
ed by section 104(b)(1)) as paragraph (4); and 
(2) by striking paragraphs (1) and (2) and in-
serting the following: 
‘‘(1) IN GENERAL.—Notwithstanding subsection 
(h), but subject to paragraph (2) of this subsection, 
with respect to any loan made, insured, or guaran-
teed under this part (other than a loan made pursu-
ant to section 428B or 428C) for which the first dis-
bursement is made on or after July 1, 2006, the ap-
plicable rate of interest shall, during any 12-month 
period beginning on July 1 and ending on June 30, 
be determined on the preceding June 1 and be equal 
to—
‘‘(A) the bond equivalent rate of 91-day 
Treasury bills auctioned at the final auction 
held prior to such June 1; plus 
‘‘(B) 2.3 percent, 
except that such rate shall not exceed 6.8 percent. 
‘‘(2) IN SCHOOL AND GRACE PERIOD RULES.—
Notwithstanding subsection (h), with respect to any 
loan under this part (other than a loan made pursu-
ant to section 428B or 428C) for which the first dis-
bursement is made on or after July 1, 2006, the ap-
plicable rate of interest for interest which accrues—
‘‘(A) prior to the beginning of the repay-
ment period of the loan; or 
‘‘(B) during the period in which principal 
need not be paid (whether or not such principal 
is in fact paid) by reason of a provision de-
scribed 
in 
section 
427(a)(2)(C) 
or 
428(b)(1)(M), 
shall be determined under paragraph (1) by sub-
stituting ‘1.7 percent’ for ‘2.3 percent’. 
‘‘(3) PLUS LOANS.—Notwithstanding subsection 
(h), with respect to any loan under section 428B for 
which the first disbursement is made on or after 
July 1, 2006, the applicable rate of interest shall be 
determined under paragraph (1)—
‘‘(A) by substituting ‘3.1 percent’ for ‘2.3 
percent’; and 
‘‘(B) by substituting ‘7.9 percent’ for ‘6.8 
percent’.’’. 
(b) DIRECT LOANS.—Section 455(b)(7) (20 U.S.C. 
1087e(b)(7)) is further amended—
(1) by redesignating subparagraph (C) (as 
amended by section 104(b)(2)) as subparagraph (D); 
and
(2) by striking subparagraph (A) and (B) and 
inserting the following: 
‘‘(A) RATES FOR FDSL AND FDUSL.—Not-
withstanding the preceding paragraphs of this 
subsection, for Federal Direct Stafford Loans 
and Federal Direct Unsubsidized Stafford 
Loans for which the first disbursement is made 
on or after July 1, 2006, the applicable rate of 
interest shall, during any 12-month period be-
ginning on July 1 and ending on June 30, be 
determined on the preceding June 1 and be 
equal to—
‘‘(i) the bond equivalent rate of 91-
day Treasury bills auctioned at the final 
auction held prior to such June 1; plus 
‘‘(ii) 2.3 percent, 
except that such rate shall not exceed 6.8 per-
cent. 
‘‘(B) IN
SCHOOL
AND
GRACE
PERIOD 
RULES.—Notwithstanding the preceding para-
graphs of this subsection, with respect to any 
Federal Direct Stafford Loan or Federal Direct 
Unsubsidized Stafford Loan for which the first 
disbursement is made on or after July 1, 2006,