12 2 STA T .745PUBLIC LA W 11 0– 227 —M A Y 7 , 200 8‘ ‘ (A)shal l be s u b j e ct t o the pr oh i bitio n sonin d uce m ents contained in subsection (b)( 3 )andthere q uirements o f sec - tion 4 3 5 (d)(5)
and ‘‘( B ) shall not ad v ertise , mar k et, or other w ise promote loans under this subsection, e x cept that nothin g in this paragraph shall prohibit a guarant y agency from fulfilling its responsibilities under paragraph ( 2 )( C ) . ‘‘( 9 ) DIS S EM I NAT I O NAN DR E P ORTIN G . — ‘‘(A) I N GENERA L .— T he S ecretary shall— ‘‘(i) broadly disseminate information regarding the availability of loans made under this subsection; ‘‘(ii) during the period beginning J uly 1 ,2 0 0 8 and ending June 30, 2010, provide to the Committee on H ealth, E ducation, L abor, and P ensions of the Senate and the Committee on Education and Labor of the House of R epresentatives and make available to the public— ‘‘(I) copies of any new or revised plans or agree- ments made by guaranty agencies or the Depart- ment related to the authorities under this sub- section; ‘‘(II) quarterly reports on— ‘‘(aa) the number and amounts of loans originated or approved pursuant to this sub- section by each guaranty agency and eligible lender; and ‘‘(bb) any related payments by the Depart- ment, a guaranty agency, or an eligible lender; and ‘‘(III) a budget estimate of the costs to the F ederal G overnment (including subsidy and administrative costs) for each 100 dollars loaned, of loans made pursuant to this subsection between the date of enactment of the Ensuring Continued Access to Student Loans Act of 2008 and June 30, 2009, disaggregated by type of loan, compared to such costs to the Federal Government during such time period of comparable loans under this part and part D, disaggregated by part and by type of loan; and ‘‘(iii) beginning July 1, 2010, provide to the Com- mittee on Health, Education, Labor, and Pensions of the Senate and the Committee on Education and Labor of the House of Representatives and make available to the public— ‘‘(I) copies of any new or revised plans or agree- ments made by guaranty agencies or the Depart- ment related to the authorities under this sub- section; and ‘‘(II) annual reports on— ‘‘(aa) the number and amounts of loans originated or approved pursuant to this sub- section by each guaranty agency and eligible lender; and ‘‘(bb) any related payments by the Depart- ment, a guaranty agency, or an eligible lender. Ef f ectiv e da te .Publ ic i n f orm ation.
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