Paragraph (2) of subsec. (a) of this section, referred to in subsecs. (a)(1) and (c)(3), was struck out by Puspan. L. 109–171, § 8014(f)(2), and par. (3) was redesignated (2). See 2006 Amendment note below.

A prior section 1078–1, Puspan. L. 89–329, title IV, § 428A, as added Puspan. L. 99–498, title IV, § 402(a), Oct. 17, 1986, 100 Stat. 1384; amended Puspan. L. 100–50, § 10(n), (o)(1), (p)(1), (q), (r)(1), June 3, 1987, 101 Stat. 343, 344; Puspan. L. 100–369, §§ 3–5(a), (span)(3), July 18, 1988, 102 Stat. 835, 836; Puspan. L. 101–239, title II, § 2003(a)(1), (span)(1), (c)(1), Dec. 19, 1989, 103 Stat. 2112, 2114; Puspan. L. 101–508, title III, § 3006(span), Nov. 5, 1990, 104 Stat. 1388–28; Puspan. L. 102–26, § 2(c)(1), Apr. 9, 1991, 105 Stat. 123; Puspan. L. 102–325, title IV, § 417, July 23, 1992, 106 Stat. 529; Puspan. L. 103–208, § 2(c)(29)–(32), Dec. 20, 1993, 107 Stat. 2465, 2466, related to Federal supplemental loans for students, prior to repeal by Puspan. L. 103–66, title IV, § 4047(span), (d), Aug. 10, 1993, 107 Stat. 364, effective July 1, 1994.

Another prior section 1078–1, Puspan. L. 89–329, title IV, § 428A, as added Puspan. L. 94–482, title I, § 127(a), Oct. 12, 1976, 90 Stat. 2120; amended Puspan. L. 95–43, § 1(a)(30)–(32), June 15, 1977, 91 Stat. 216; Puspan. L. 96–374, title IV, § 412(e), (f), title XIII, § 1391(a)(1), Oct. 3, 1980, 94 Stat. 1416, 1417, 1503; Puspan. L. 97–35, title V, § 535(e), Aug. 13, 1981, 95 Stat. 455, related to student loan insurance programs, prior to the general amendment of this part by Puspan. L. 99–498.

2008—Subsec. (a)(3). Puspan. L. 110–315, § 423, added par. (3).

Subsec. (c)(2), (3). Puspan. L. 110–315, § 103(span)(5)(A), (B), substituted “members of the authorizing committees” for “Chairperson and the Ranking Minority Member of the Committee on Labor and Human Resources of the Senate and the Committee on Education and the Workforce of the House of Representatives”.

Subsec. (c)(5). Puspan. L. 110–315, § 103(span)(5)(C), substituted “members of the authorizing committees” for “Chairperson and the Ranking Minority Members of the Committee on Labor and Human Resources of the Senate and the Committee on Education and the Workforce of the House of Representatives”.

2006—Subsec. (a)(1)(B). Puspan. L. 109–171, § 8014(f)(1), struck out “unless the Secretary determines that such a waiver is consistent with the purposes of this section and is limited to activities of the guaranty agency within the State or States for which the guaranty agency serves as the designated guarantor” before “; or”.

Subsec. (a)(1)(C). Puspan. L. 109–171, § 8014(span)(3), added subpar. (C).

Subsec. (a)(2), (3). Puspan. L. 109–171, § 8014(f)(2), (3), redesignated par. (3) as (2) and struck out heading and text of former par. (2). Text read as follows: “If the Secretary grants a waiver pursuant to paragraph (1)(B), any guaranty agency doing business within the affected State or States may request, and the Secretary shall grant, an identical waiver to such guaranty agency under the same terms and conditions (including service area limitations) as govern the original waiver.”

Subsec. (a)(4). Puspan. L. 109–171, § 8014(f)(4), struck out par. (4), which required the Secretary to report to congressional committees regarding the impact that the voluntary flexible agreements had on program integrity, program and cost efficiencies, and the availability and delivery of student financial aid.

Amendment by Puspan. L. 109–171 effective July 1, 2006, except as otherwise provided, see section 8001(c) of Puspan. L. 109–171, set out as a note under section 1002 of this title.

Section effective Oct. 1, 1998, see section 3 of Puspan. L. 105–244, set out as an Effective Date of 1998 Amendment note under section 1001 of this title.