1、Order Code RS22308Updated February 14, 2006Student Loans and FY2006 Budget Reconciliationname redactedSpecialist in Social LegislationDomestic Social Policy DivisionSummaryThe FY2006 budget resolution (H.Con.Res. 95, H.Rept. 109-62) containsreconciliation instructions that require authorizing commit
2、tees to report legislation toreduce mandatory spending by $34.7 billion over a five-year period. Under theseinstructions, the House Committee on Education and the Workforce is responsible fora reduction of $12.7 billion for FY2006 through FY2010. The Senate Committee onHealth, Education, Labor, and
3、Pensions is responsible for a reduction of $13.7 billionover that period. These committees were required to report reconciliationrecommendations to their respective budget committees, and each did so in October,2005. The Higher Education Act (HEA) reauthorization and budget reconciliationprocesses b
4、ecame intertwined during the first session of the 109th Congress. Each of theaforementioned authorizing committees marked up a comprehensive HEAreauthorization bill containing provisions that generate substantial net savings inmandatory spending on the student loan programs. Many of these savings pr
升级VIP 