View all text of Subchapter II [§ 2421 - § 2434]
§ 2434. Termination of authority
(a) In general
(b) Exception
The termination of authority under subsection (a) shall have no effect on—
(1) any loans guaranteed by the United States under this subchapter; or
(2) the administration of any loan guaranteed under this subchapter before the effective date of the termination of authority.
(Pub. L. 109–451, title II, § 215, Dec. 22, 2006, 120 Stat. 3361.)