Health Care and Education Reconciliation Act of 2010
SECTION 1. SHORT TITLE; TABLE OF CONTENTS.
Section 421 (20 U.S.C. 1071) is amended-
(1) in subsection (b), in the first sentence of the matter following paragraph (6), by inserting '', except that no sums may be expended after June 30, 2010, with respect to loans under this part for which the first disbursement is after such date'' after ''expended''; and
(2) by adding at the end the following new subsection:
''(d) TERMINATION OF AUTHORITY TO MAKE OR INSURE NEW LOANS.-Notwithstanding paragraphs (1) through (6) of subsection (b) or any other provision of law-
''(1) no new loans (including consolidation loans) may be made or insured under this part after June 30, 2010; and
''(2) no funds are authorized to be appropriated, or may be expended, under this Act or any other Act to make or insure loans under this part (including consolidation loans) for which the first disbursement is after June 30, 2010, except as expressly authorized by an Act of Congress enacted after the date of enactment of the SAFRA Act.''.
