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S. 848 — what changed

Consider Teachers Act of 2021

From Introduced in Senate to Engrossed in Senate. 1 section amended between Introduced in Senate and Engrossed in Senate.

Sec. 4 Extension of time to fulfill service obligation due to COVID–19

(a)
Section 3519(a) of the CARES Act (Public Law 116–136; 20 U.S.C. 1001 note) is amended—
(1)
changed in the matter preceding paragraph (1), by striking “For the purpose of section 420N of the Higher Education Act of 1965 (20 U.S.C. 1070g-2), 1070g–2), during a qualifying emergency,” and inserting “Notwithstanding any provision of subpart 9 of part A of title IV of the Higher Education Act of 1965 (20 U.S.C. 1070g et seq.),”;
(2)
in paragraph (1), by striking “and” after the semicolon;
(3)
in paragraph (2), by striking “such section 420N.” and inserting “section 420N of such Act; and”; and
(4)
by adding at the end the following:

“(3) shall extend the service obligation window (as described in section 420N(b)(1)(A) of such Act) for a period of not more than 3 years, in addition to any extensions provided in accordance with subpart 9 of part A of title IV of the Higher Education Act of 1965 (20 U.S.C. 1070g et seq.), in the case of a grant recipient whose service obligation window begins during, or includes—

“(A) the qualifying emergency period; or

“(B) a period of recession or economic downturn related to the qualifying emergency period, as determined by the Secretary in consultation with the Secretary of Labor.”

(b)
Section 3519 of the CARES Act (Public Law 116–136; 20 U.S.C. 1001 note) is amended by adding at the end the following:

“(c) Federal perkins loans—Notwithstanding section 465 of the Higher Education Act of 1965 (20 U.S.C. 1087ee), the Secretary shall waive the requirements of such section in regard to full-time service and shall consider an incomplete year of service of a borrower as fulfilling the requirement for a complete year of service under such section, if the service was interrupted due to a qualifying emergency.”

(c)
Effective date— The amendments made by this section shall take effect as if included in the enactment of the CARES Act (Public Law 116–136).