117TH CONGRESS
1ST SESSION 
H. R. 1 ( “Low Energy” version – flip over for the “FULL POWER” version. )

To amend the Higher Education Act of 1965 to begin weaning students, and taxpayer dollars, off of obscenely and dangerously  high  college  loan  limits ; aka, the: “Conservative bill to cut or eliminate Liberal pork higher ed subsidies”
______________________

IN THE HOUSE OF REPRESENTATIVES

MAY 17, 2019
Mr. SPANO (for  himself, Mr. DELANEY, Mr. KATKO, Ms. CASTOR  and  Ms. WILSON of Florida, Ms.
BASS, Mr. COHEN, Mr. KILDEE, and Mr. GOHMERT) introduced the following bill; which was referred to the Committee on the Judiciary; and, then, to the Committee on Education & the Workforce
______________________

A BILL
To amend and extend the Higher Education Act of 1965.
	Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled,

Section 1. SHORT TITLE.
This Act may be cited as the “Freedom from dangerous, risky, & very obscenely high Loan Limits Act of 2019.”

Section 2. PURPOSE.
This bill's purpose is to begin to reverse the adverse effects of
 §422 of H.R.507 (109th CONGRESS), the “College Access and Opportunity Act of 2005,” 
a chief cause of this crippling & massive college debt, which American college students are currently experiencing—and which costs taxpayers, who make and/or back such loans. Obscenely large higher education loans benefited only the banks & universities, and otherwise distorted the Free Market with increased subsidies, in the form of increases in taxpayer-backed college loans, and defeated the prior Conservative Free Market checks/balances against predatory lending, tuition inflation, etc. [  Note: This is a fictitious bill, merely suggesting what should be done.  ~Gordon Wayne Watts  /  https://GordonWatts.com  /  https://gordonWAYNEwatts.com  /  https://ContractWithAmerica2.com  ]

Section 3. LOAN LIMITS ; LOAN TERMS AND CONDITIONS.

(a) FEDERAL INSURANCE LIMITS.—Section 425(a)(1)(A) [20 U.S.C. 1075(a)(1)(A)] is amended—
(1) in clause (i)(I), by striking ‘‘$3,500’’ and inserting ‘‘$2,625’’; and
(2) in clause (ii)(I), by striking ‘‘$4,500’’ and inserting ‘‘$3,500’’.

PL 109-171:
PUBLIC LAW 109–171—FEB. 8, 2006
DEFICIT REDUCTION ACT OF 2005
S.1932 - Deficit Reduction Act of 2005, 109th Congress (2005-2006)
2006-Subsec. (a)(1)(A)(i)(I). Pub. L. 109–171, §8005(a)(1), substituted "$3,500" for "$2,625".
Subsec. (a)(1)(A)(ii)(I). Pub. L. 109–171, §8005(a)(2), substituted "$4,500" for "$3,500".
S.1932 - Deficit Reduction Act of 2005, 109th Congress (2005-2006)
BILL: https://www.Congress.gov/bill/109th-congress/senate-bill/1932 
PDF: https://ContractWithAmerica2.com/BILLS-109s1932enr.pdf
ROLL CALL VOTE: https://www.Senate.gov/legislative/LIS/roll_call_votes/vote1091/vote_109_1_00303.htm
Archive: https://ContractWithAmerica2.com/RollCallVote_S1932-109th.pdf 
Archive: https://Archive.ph/UCllG 
Archive: https://Web.Archive.org/web/20220507013116/https://www.senate.gov/legislative/LIS/roll_call_votes/vote1091/vote_109_1_00303.htm 




H.R.4241 - Deficit Reduction Act of 2005, 109th Congress (2005-2006)
BILL: https://www.Congress.gov/bill/109th-congress/house-bill/4241
PDF: https://ContractWithAmerica2.com/BILLS-109hr4241rh.pdf 
ROLL CALL VOTE: https://Clerk.House.gov/Votes/2005601 
Archive: https://ContractWithAmerica2.com/RollCallVote_HR4241-109th.pdf 
Archive: https://Archive.ph/mkZMq 
Archive: https://Web.Archive.org/web/20220507012829/https://clerk.house.gov/Votes/2005601 

(b) GUARANTEE LIMITS.—Section 428(b)(1)(A) [20 U.S.C. 1078(b)(1)(A)] is amended—
(1) in clause (i)(I), by striking ‘‘$3,500’’ and inserting ‘‘$2,625’’; and
(2) in clause (ii)(I), by striking ‘‘$4,500’’ and inserting ‘‘$3,500’’.

PL 109-171:
PUBLIC LAW 109–171—FEB. 8, 2006
DEFICIT REDUCTION ACT OF 2005
S.1932 - Deficit Reduction Act of 2005, 109th Congress (2005-2006)
2006-Subsec. (a)(3)(A)(v)(III). Pub. L. 109–171, §8014(j)(1), added subcl. (III).
Subsec. (a)(5). Pub. L. 109–171, §8004(b)(2), substituted "2012" and "2016" for "2004" and "2008", respectively.
Subsec. (b)(1)(A)(i)(I). Pub. L. 109–171, §8005(b)(1), substituted "$3,500" for "$2,625".
Subsec. (b)(1)(A)(ii)(I). Pub. L. 109–171, §8005(b)(2), substituted "$4,500" for "$3,500".
S.1932 - Deficit Reduction Act of 2005, 109th Congress (2005-2006)
BILL: https://www.Congress.gov/bill/109th-congress/senate-bill/1932 
PDF: https://ContractWithAmerica2.com/BILLS-109s1932enr.pdf
ROLL CALL VOTE: https://www.Senate.gov/legislative/LIS/roll_call_votes/vote1091/vote_109_1_00303.htm
Archive: https://ContractWithAmerica2.com/RollCallVote_S1932-109th.pdf 
Archive: 
Archive: https://Web.Archive.org/web/20220507013116/https://www.senate.gov/legislative/LIS/roll_call_votes/vote1091/vote_109_1_00303.htm 
H.R.4241 - Deficit Reduction Act of 2005, 109th Congress (2005-2006)
BILL: https://www.Congress.gov/bill/109th-congress/house-bill/4241
PDF: https://ContractWithAmerica2.com/BILLS-109hr4241rh.pdf 
ROLL CALL VOTE: https://Clerk.House.gov/Votes/2005601 
Archive: https://ContractWithAmerica2.com/RollCallVote_HR4241-109th.pdf 
Archive:
Archive: https://Web.Archive.org/web/20220507012829/https://clerk.house.gov/Votes/2005601 

(c) LOAN LIMITS.—Section 464(a) [20 U.S.C. 1087dd(a)] is amended—
(1) in paragraph (2)(A)—
(A) by striking ‘‘$5,500’’ in clause (i) and inserting ‘‘$4,000’’; and
(B) by striking ‘‘$8,000’’ in clause (ii) and inserting ‘‘$6,000’’; and
(2) in paragraph (2)(B)—
(A) by striking ‘‘$60,000’’ in clause (i) and inserting ‘‘$40,000’’;
(B) by striking ‘‘$27,500’’ in clause (ii) and inserting ‘‘$20,000’’; and
(C) by striking ‘‘$11,000’’ in clause (iii) and inserting ‘‘$8,000’’.

Pub. L. 110–315:
PUBLIC LAW 110–315—AUG. 14, 2008
HIGHER EDUCATION OPPORTUNITY ACT
S.1642 - Higher Education Amendments of 2007 110th Congress (2007-2008)
2008-Subsec. (a)(2)(A). Pub. L. 110–315, §464(a)(1), substituted "$5,500" for "$4,000" in cl. (i) and "$8,000" for "$6,000" in cl. (ii).
Subsec. (a)(2)(B). Pub. L. 110–315, §464(a)(2), substituted "$60,000" for "$40,000" in cl. (i), "$27,500" for "$20,000" in cl. (ii), and "$11,000" for "$8,000" in cl. (iii).
Subsec. (c)(1)(F). Pub. L. 110–315, §464(b)(1)(A), substituted "cancelled-" and cls. (i) to (iv) for "canceled upon the death of the borrower, or if he becomes permanently and totally disabled as determined in accordance with regulations of the Secretary;".
S.1642 - Higher Education Amendments of 2007 110th Congress (2007-2008)
BILL: https://www.congress.gov/bill/110th-congress/senate-bill/1642 
PDF: https://ContractWithAmerica2.com/BILLS-110s1642es.pdf 
ROLL CALL VOTE: https://www.Senate.gov/legislative/LIS/roll_call_votes/vote1101/vote_110_1_00275.htm 
Archive: https://ContractWithAmerica2.com/RollCallVote_S1642-110th.pdf 
Archive: https://Archive.ph/fMiDU 
Archive: https://web.archive.org/web/20220507012541/https://www.senate.gov/legislative/LIS/roll_call_votes/vote1101/vote_110_1_00275.htm 

H.R.4137 - Higher Education Opportunity Act 110th Congress (2007-2008)
BILL: https://www.congress.gov/bill/110th-congress/house-bill/4137 
PDF: https://ContractWithAmerica2.com/BILLS-110hr4137enr.pdf 
ROLL CALL VOTE: https://Clerk.House.gov/Votes/200840 
Archive: https://ContractWithAmerica2.com/RollCallVote_HR4137-110th.pdf 
Archive: https://Archive.ph/iUhFZ 
Archive: https://Web.Archive.org/web/20201109062033/https://clerk.house.gov/Votes/200840 

Bill which did not become Public Law:
H.R.507 - College Access and Opportunity Act of 2005 109th Congress (2005-2006)
BILL: https://www.Congress.gov/bill/109th-congress/house-bill/507 
PDF: 
ROLL CALL VOTE: No roll call vote listed in bill summary. What about sponsors, etc.?
Sponsor: Rep. Boehner, John A. [R-OH-8] (Introduced 02/02/2005)
Cosponsor: Rep. McKeon, Howard P. "Buck" [R-CA-25]* 02/02/2005
Archive: 
Archive: 
Archive: 

Would have done the following:

 SEC. 422. LOAN LIMITS.
(a) FEDERAL INSURANCE LIMITS.—Section 425(a)(1)(A) (20 U.S.C. 1075(a)(1)(A)) is amended—
(1) in clause (i)(I), by striking ‘‘$2,625’’ and inserting ‘‘$3,500’’; and
(2) in clause (ii)(I), by striking ‘‘$3,500’’ and inserting ‘‘$4,500’’.
(b) GUARANTEE LIMITS.—Section 428(b)(1)(A) (20 U.S.C. 1078(b)(1)(A)) is amended—
(1) in clause (i)(I), by striking ‘‘$2,625’’ and inserting ‘‘$3,500’’; and
(2) in clause (ii)(I), by striking ‘‘$3,500’’ and inserting ‘‘$4,500’’.

SEC. 462. LOAN TERMS AND CONDITIONS.
(a) LOAN LIMITS.—Section 464(a) (20 U.S.C.  1087dd(a))—
(1) in paragraph (2)(A)—
(A) by striking ‘‘$4,000’’ in clause (i) and inserting ‘‘$5,500’’; and
(B) by striking ‘‘$6,000’’ in clause (ii) and inserting ‘‘$8,000’’; and
(2) in paragraph (2)(B)—
(A) by striking ‘‘$40,000’’ in clause (i) and inserting ‘‘$60,000’’;
(B) by striking ‘‘$20,000’’ in clause (ii) and inserting ‘‘$27,500’’; and
(C) by striking ‘‘$8,000’’ in clause (iii) and inserting ‘‘$11,000’’.

Bill which did not become Public Law:
H.R.609 - College Access and Opportunity Act of 2006 109th Congress (2005-2006)
BILL: https://www.Congress.gov/bill/109th-congress/house-bill/609 
PDF: 
ROLL CALL VOTE: https://Clerk.House.gov/Votes/200681 
Archive: https://Archive.ph/BR6kZ 
Archive: http://Web.Archive.org/web/20220509153112/https://clerk.house.gov/Votes/200681 
Archive: 

Would have done the following:

SEC. 462. LOAN TERMS AND CONDITIONS.
(a) LOAN LIMITS.—Section 464(a) (20 U.S.C. 1087dd(a)) is amended—
(1) in paragraph (2)(A)—
(A) by striking ‘‘$4,000’’ in clause (i) and inserting ‘‘$5,500’’; and
(B) by striking ‘‘$6,000’’ in clause (ii) and inserting ‘‘$8,000’’; and
(2) in paragraph (2)(B)—
(A) by striking ‘‘$40,000’’ in clause (i) and inserting ‘‘$60,000’’;
(B) by striking ‘‘$20,000’’ in clause (ii) and inserting ‘‘$27,500’’; and
(C) by striking ‘‘$8,000’’ in clause (iii) and inserting ‘‘$11,000’’.


Bill which did not become Public Law:
S.1614 - Higher Education Amendments of 2005 109th Congress (2005-2006)
BILL: https://www.Congress.gov/bill/109th-congress/senate-bill/1614 
PDF: 
ROLL CALL VOTE: No roll call vote listed in bill summary. What about sponsors, etc.?
Sponsor: Sen. Enzi, Michael B. [R-WY] (Introduced 09/06/2005)
Cosponsor: Sen. Kennedy, Edward M. [D-MA]* 09/06/2005
Archive: 
Archive: 
Archive: 

Would have done the following:

SEC. 1003. LOAN LIMITS.
(a) FEDERAL INSURANCE LIMITS.—Section 425(a)(1)(A) (20 U.S.C. 1075(a)(1)(A)) is amended—
(1) in clause (i)(I), by striking ‘‘$2,625’’ and inserting ‘‘$3,500’’; and
(2) in clause (ii)(I), by striking ‘‘$3,500’’ and inserting ‘‘$4,500’’.
(b) GUARANTEE LIMITS.—Section 428(b)(1)(A) (20 U.S.C. 1078(b)(1)(A)) is amended—
(1) in clause (i)(I), by striking ‘‘$2,625’’ and inserting ‘‘$3,500’’; and
(2) in clause (ii)(I), by striking ‘‘$3,500’’ and inserting ‘‘$4,500’’.


Section 4. EFFECTIVE DATE; APPLICATION OF AMENDMENTS.
(a) Effective date.—The amendments made by this Act shall take effect immediately, e.g., on the date of the enactment of this Act.
(b) Application of amendments.—The amendments made by this Act shall apply to all public higher education loans (those made and/or guaranteed directly by the government) and all private loans, except in such cases where the private loans are tantamount and equal in terms to 'Credit Card' loans (e.g., lack all guarantees by the federal government for reimbursement in the event of default, have all standard consumer protections, such as statutes of limitations and bankruptcy on 'standard' terms, not to be confused with the 'Undue Hardship' standard).     [[ “Low Energy” version – because this does NOT eliminate use of tax dollars, just reduce them. ]]
Æ
HR  1  IH
116TH CONGRESS
1ST SESSION 
H. R. 1 ( “FULL POWER” version – flip over for the “Low Energy” version. )

To amend the Higher Education Act of 1965 to begin weaning students, and taxpayer dollars, off of obscenely and dangerously  high  college  loan  limits ;  aka,  the:  “Pres.  TRUMP  'Limit  on  Student  Loan  Borrowing'  Bill”
______________________

IN THE HOUSE OF REPRESENTATIVES

MAY 17, 2019
Mr. SPANO (for  himself, Mr. DELANEY, Mr. KATKO, Ms. CASTOR  and  Ms. WILSON of Florida, Ms.
BASS, Mr. COHEN, Mr. KILDEE, and Mr. GOHMERT) introduced the following bill; which was referred to the Committee on the Judiciary; and, then, to the Committee on Education & the Workforce
______________________

A BILL
To amend and extend the Higher Education Act of 1965.
	Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled,

Section 1. SHORT TITLE.
This Act may be cited as the “Freedom from dangerous, risky, & very obscenely high Loan Limits Act of 2019.”

Section 2. PURPOSE.
This bill's purpose is to begin to reverse the adverse effects of
 §422 of H.R.507 (109th CONGRESS), the “College Access and Opportunity Act of 2005,” 
a chief cause of this crippling & massive college debt, which American college students are currently experiencing—and which costs taxpayers, who make and/or back such loans. Obscenely large higher education loans benefited only the banks & universities, and otherwise distorted the Free Market with increased subsidies, in the form of increases in taxpayer-backed college loans, and defeated the prior Conservative Free Market checks/balances against predatory lending, tuition inflation, etc. [Note: This is a fictitious bill, merely suggesting what should be done. ~Gordon Wayne Watts / GordonWatts.com / gordonWAYNEwatts.com]

Section 3. LOAN LIMITS ; LOAN TERMS AND CONDITIONS.

(a) FEDERAL INSURANCE LIMITS.—Section 425(a)(1)(A) [20 U.S.C. 1075(a)(1)(A)] is amended—
(1) in clause (i)(I), by striking ‘‘$3,500’’ and inserting ‘‘$ 0.oo’’; and
(2) in clause (ii)(I), by striking ‘‘$4,500’’ and inserting “$ 0.oo’’.

(b) GUARANTEE LIMITS.—Section 428(b)(1)(A) [20 U.S.C. 1078(b)(1)(A)] is amended—
(1) in clause (i)(I), by striking ‘‘$3,500’’ and inserting ‘‘$ 0.oo’’; and
(2) in clause (ii)(I), by striking ‘‘$4,500’’ and inserting ‘‘$ 0.oo’’.

(c) LOAN LIMITS.—Section 464(a) [20 U.S.C. 1087dd(a)] is amended—
(1) in paragraph (2)(A)—
(A) by striking ‘‘$5,500’’ in clause (i) and inserting ‘‘$ 0.oo’’; and
(B) by striking ‘‘$8,000’’ in clause (ii) and inserting ‘‘$ 0.oo’’; and
(2) in paragraph (2)(B)—
(A) by striking ‘‘$60,000’’ in clause (i) and inserting ‘‘$ 0.oo’’;
(B) by striking ‘‘$27,500’’ in clause (ii) and inserting ‘‘$ 0.oo’’; and
(C) by striking ‘‘$11,000’’ in clause (iii) and inserting ‘‘$ 0.oo’’.

Section 4. EFFECTIVE DATE; APPLICATION OF AMENDMENTS.
(a) Effective date.—The amendments made by this Act shall take effect immediately, e.g., on the date of the enactment of this Act.
(b) Application of amendments.—The amendments made by this Act shall apply to all public higher education loans (those made and/or guaranteed directly by the government) and all private loans, except in such cases where the private loans are tantamount and equal in terms to 'Credit Card' loans (e.g., lack all guarantees by the federal government for reimbursement in the event of default, have all standard consumer protections, such as statutes of limitations and bankruptcy on 'standard' terms, not to be confused with the 'Undue Hardship' standard). [[ “FULL POWER” version –because this DOES eliminate use of Tax$$, not just reduce them–you know? –Like it's ILLEGAL to use tax$$ to do abortions? ]]	Æ
HR  1  IH





https://www.senate.gov/legislative/LIS/roll_call_votes/vote1101/vote_110_1_00275.htm





https://clerk.house.gov/Votes/200840






https://clerk.house.gov/Votes/199262


https://web.archive.org/web/20201205070109/https://clerk.house.gov/Votes/199262



https://www.senate.gov/legislative/LIS/roll_call_votes/vote1022/vote_102_2_00030.htm


https://web.archive.org/web/20220507012959/https://www.senate.gov/legislative/LIS/roll_call_votes/vote1022/vote_102_2_00030.htm


https://www.senate.gov/legislative/LIS/roll_call_votes/vote1091/vote_109_1_00303.htm

Notes: title to related news coverage:

“Fake 'Conservatives' in GOP ... -and: Fake 'Liberals' in Democrat Party”










[[1]] HR 3997: Financial Asset Purchase Authority, Establishes the Troubled Asset Relief Program (T.A.R.P.) to allow the Secretary of the Treasury to purchase troubled assets from any financial institution, Sec. 101 = VERY unpopular in conservative Polk County, Fla. Failed in the House 205-228, but Adam Putnam still voted 'yes' for this 'liberal' bill. LINKS: Clerk.House.gov * Archive.vn * Archive.org * Cache
[[2]] H R 1424: Emergency Economic Stabilization Act of 2008, aka the 'Mortgage Bailout': Passed 263-171 in the house, with apparently 1 vacant seat: Adam Putnam voted 'yea' (Clerk.House.gov * Archive.vn * Archive.org * Cache), and this passed into law. LINKS: Congress.gov * Archive.vn * Archive.org * Cache 

Bills:
H.R.2648, 116th,S.1414, 116th,H.R.4907, 117th,S.2598, 117th


Pub. L. 110-343:
PUBLIC LAW 110-343—OCT. 03, 2008
Short title: “Emergency Economic Stabilization Act of 2008”
Colloquial title: “Mortgage Bailout”
Official title: “H.R.1424 - A bill to provide authority for the Federal Government to purchase and insure certain types of troubled assets for the purposes of providing stability to and preventing disruption in the economy and financial system and protecting taxpayers, to amend the Internal Revenue Code of 1986 to provide incentives for energy production and conservation, to extend certain expiring provisions, to provide individual income tax relief, and for other purposes.” 110th Congress (2007-2008)
H.R.1424 - “Emergency Economic Stabilization Act of 2008” 110th Congress (2007-2008)
BILL: https://www.Congress.gov/bill/110th-congress/house-bill/1424 
PDF: https://ContractWithAmerica2.com/...
ROLL CALL VOTE (HOUSE) Roll Call 681 | Bill Number: H. R. 1424:
Vote Question: On Motion to Concur in Senate Amendments
Emergency Economic Stabilization Act of 2008
https://clerk.house.gov/Votes/2008681 
Archive:
Archive: http://Web.Archive.org/web/20220509151400/https://clerk.house.gov/Votes/2008681 
ROLL CALL VOTE (SENATE) Roll Call Vote 110th Congress - 2nd Session:
Question: On Passage of the Bill (H. R. 1424 As Amended )
Vote Number: 213
Vote Date: October 1, 2008, 09:22 PM
Required For Majority: 3/5
Vote Result: Bill Passed
Measure Number: H.R. 1424 
https://www.senate.gov/legislative/LIS/roll_call_votes/vote1102/vote_110_2_00213.htm 
Archive: https://Archive.ph/C1zXw 
Archive: https://Archive.ph/C1zXw 
Archive: 






Notes:

Fake conservatives supported these:

Increases in Liberal taxpayer-funded pork higher education loan/insurance/etc/ subsidies,  some of which became law:

S.1932 - Deficit Reduction Act of 2005, 109th Congress (2005-2006) PUBLIC LAW 109–171—FEB. 8, 2006
H.R.4241 - Deficit Reduction Act of 2005, 109th Congress (2005-2006) PUBLIC LAW 109–171—FEB. 8, 2006

S.1642 - Higher Education Amendments of 2007 110th Congress (2007-2008) PUBLIC LAW 110–315—AUG. 14, 2008
H.R.4137 - Higher Education Opportunity Act 110th Congress (2007-2008) PUBLIC LAW 110–315—AUG. 14, 2008

H.R.507 - College Access and Opportunity Act of 2005 109th Congress (2005-2006) Bill which did not become Public Law:
H.R.609 - College Access and Opportunity Act of 2006 109th Congress (2005-2006) Bill which did not become Public Law:

Liberal TARP/Mortgage bailout bills, one of which became law:

H.R.1424 - “Emergency Economic Stabilization Act of 2008” 110th Congress (2007-2008) PUBLIC LAW 110-343—OCT. 03, 2008
SENATE Roll Call Vote Summary: Question: On Passage of the Bill (H. R. 1424 As Amended) PUBLIC LAW 110-343—OCT. 03, 2008 
NOTES: Aka the 'Mortgage Bailout'

H.R.3997 - Defenders of Freedom Tax Relief Act of 2007, 110th Congress (2007-2008)
Colloquial description: Financial Asset Purchase Authority, Establishes the Troubled Asset Relief Program (T.A.R.P.) to allow the Secretary of the Treasury to purchase troubled assets from any financial institution, Sec. 101 = VERY unpopular in conservative Polk County, Fla. On 9/29/2008, H.R.3997 failed passage as the original House vehicle for the Emergency Economic Stabilization Act of 2008. For further action on the economic rescue legislation, see H.R.1424.

Fake liberals opposed these:
H.R.2648, 116th,S.1414, 116th,H.R.4907, 117th,S.2598, 117th