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[Miscellaneous Books, Publications, and Reports] [Folder 1]: [The Omnibus Budget Reconciliation Act of 1993 - Student Loan Provisions [2]

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99 HOUSE BILL SENATE BILL COMMENTS I (b) RECOMMENDATIONS.-Not later than the date 6 I section (a) would further the purposes of this part, the 2 months after the date of the enactment of this Act, the 2 Secretaries of Education and the Treasury shall be au- 3 Secretary of Education shall submit to the Congress a re- 3 thorized to take such actions as are reasonable and nec- 4 port on the study conducted under subsection (a). together 4 essary to implement such repayment options, including en- 5 with such legislative recommendations as such Secretary 5 tering into an agreement pursuant to section 6306 of the 6 may deem advisable. 6 Internal Revenue Code of 1986. 7 "(c) FUNDING.-The Secretary of Education may 8 use such amounts as the Secretary of Education deter- 9 mines necessary from the funds made available under sec- 10 tion 460 to implement the repayment options selected by 11 the President under subsection (b) and shall make avail- 12 able to the Secretary of the Treasury such amounts from 13 the funds made available under section 460 as the Sec- 14 retaries determine to be necessary to implement the repay- 15 ment options carried out by the Internal Revenue Service. 7 SEC. 4033. PREFERENCE OF COMMITTEE FOR IRS COLLEC- 8 TION MECHANISM. 74. The House bill, but not the Senate bill, expresses the sense of the Committee on Education and Labor to support 9 It is the sense of the Committee on Education and I.R.S. collection of student loans. 10 Labor that- 11 (1) the Committee may not, consistent with its 12 jurisdiction under the Rules of the House of Rep- 13 resentatives, amend this Act to include provisions 14 providing for the collection of student loans pursu- 15 ant to the Internal Revenue Code of 1986 using the 16 Internal Revenue Service of the Department of the 17 Treasury: 18 (2) the Committee would support the amend-

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