RS22308
Student Loans and FY2006 Budget Reconciliation
February 14, 2006
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Summary
The Higher Education Act (HEA) reauthorization and budget reconciliation processes became intertwined during the first session of the 109th Congress. Each of the aforementioned authorizing committees marked up a comprehensive HEA reauthorization bill containing provisions that generate substantial net savings in mandatory spending on the student loan programs. Many of these savings provisions were included in committee reconciliation recommendations and in the reconciliation bills that gained passage in each chamber (H.R. 4241 and S. 1932). On December 19, 2005, the House passed the conference report (H.Rept. 109-362) on S. 1932, the Deficit Reduction Act of 2005. On December 22, 2006, the Senate passed the conference report with relatively minor amendments. The conference agreement, as amended, was passed by the House on February 1, 2006. The President signed the Deficit Reduction Act of 2005 (P.L. 109-171) into law on February 8, 2006.
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Related Legislation:
- H.R.4241
- S.1932
