Text of the Debt Ceiling Deal
10:06 AM, Aug 1, 2011 • By DANIEL HALPER
TITLE IV—JOINT SELECT COMMITTEE ON DEFICIT REDUCTION
Sec. 401. Establishment of Joint Select Committee.Sec. 402. Expedited consideration of joint committee recommendations.Sec. 403. Funding.Sec. 404. Rulemaking.
TITLE V—PELL GRANT AND STUDENT LOAN PROGRAM CHANGES Sec. 501. Federal Pell grants.Sec. 502. Termination of authority to make interest subsidized loans to graduate and professional students.Sec. 503. Termination of direct loan repayment incentives.Sec. 504. Inapplicability of title IV negotiated rulemaking and master calendar exception.
If any provision of this Act, or any application of such provision to any person or circumstance, is held to be unconstitutional, the remainder of this Act and the application of this Act to any other person or circumstance shall not be affected.
Section 251 of the Balanced Budget and Emergency Deficit Control Act of 1985 is amended to read as follows:
Section 250(c) of the Balanced Budget and Emergency Deficit Control Act of 1985 is amended as follows:
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