123STA T . 1 94 3 PUBLIC LA W 111 – 39 —J UL Y 1 , 2 0 09 (A)inthema tte rp re c e d in gsub paragraph (A) , b y stri k ing ‘ ‘ S ecretary),, o ri f’ ’ and inserting ‘‘Secretary), or if’’
and ( B ) in subparagraph (B), by inserting ‘‘the reinstate - ment and resumption to be’’ after ‘‘determines’’ . ( 2 ) EF F ECTIV E DA TE. —T he amendments made by paragraph ( 1 ) sha l l be effecti v e as if enacted as part of the amendments in section 437 (a) of the H igher Education O pportunity Act ( P ublic L a w 11 0– 31 5 ), and shall take effect on J uly 1, 2010. (f) OT H E R A M E N DMENT S .—Part B of title IV (20 U .S. C . 1071 et se q .) is further amended— (1) in section 42 8 (20 U.S.C. 1078)— (A) in subsection (a)(2)(A)(i)(II), by striking ‘‘and’’ after the semicolon at the end; (B) in subsection (b)— (i) in the matter following subclause (II) of para- graph (1)( M )(i), by inserting ‘‘section’’ before ‘‘428B’’; (ii) in paragraph (3)(A)(i), by striking ‘‘any institu- tion of higher education or the employees of an institu- tion of higher education’’ and inserting ‘‘any institution of higher education, any employee of an institution of higher education, or any individual or entity’’; (iii) in paragraph (4), by striking ‘‘ F or the purpose of paragraph (1)(M)(i)(III) of this subsection,’’ and inserting ‘‘ W ith respect to the graduate fellowship pro- gram referred to in paragraph (1)(M)(i)(II),’’; and (iv) in paragraph (7)— (I) in subparagraph (B), by striking ‘‘clause (i) or (ii) of’’; and (II) in subparagraph ( D ), by striking ‘‘subpara- graph (A)(i)’’ and inserting ‘‘subparagraph (A)’’; and (C) in subsection (c)( 9 )( K ), by striking ‘‘3 months’’ and inserting ‘‘ 6 months’’; (2) in section 428B(e) (20 U.S.C. 1078–2(e))— (A) in paragraph (3)(B), by striking ‘‘subsection (c)(5)(B)’’ and inserting ‘‘subsection (d)(5)(B)’’; and (B) by repealing paragraph (5); (3) in section 428C (20 U.S.C. 1078–3)— (A) in subsection (a)(4)(E), by striking ‘‘subpart II of part B’’ and inserting ‘‘part E’’; (B) in the matter preceding clause (i) of subsection (c)(2)(A)— (i) by striking ‘‘subsection (b)(2)(F)’’ and inserting ‘‘subsection (b)(2)’’; and (ii) by inserting a comma after ‘‘graduated’’; (C) in subsection (d)(3)(D), by striking ‘‘loan insurance fund’’ and inserting ‘‘loan insurance account’’; and (D) in subsection (f)(3), by striking ‘‘subsection (a)’’ and inserting ‘‘this subsection’’; (4) in section 428 G (c) (20 U.S.C. 1078–7(c))— (A) in paragraph (1), by striking ‘‘section 428(a)(2)(A)(i)(III)’’ and inserting ‘‘section 428(a)(2)(A)(i)(II)’’; and (B) by striking paragraph (3) and inserting the fol- lowing
‘‘(3) notwithstanding subsection (a)(2), may, with the permission of the borrower, be disbursed by the lender on 20USC1 0 87note.
