How S 5057 changes current law

Compared against current U.S. Code AI-generated reading aid — verify against the official bill.

The bill modifies existing loan limit provisions and adds a new section for maximum funding levels, while also setting a sunset provision for certain elements.

• 15 U.S.C. 696(7)(C)

  ``; and → ``and

  Removes the ending of the specified text to streamline the clause.

• 15 U.S.C. 696(7)(C)

  ``; and → .

  Ends the clause with a period instead of a conjunction, indicating the end of the list.

• 15 U.S.C. 696(7)(C)

  subclause (III)

  Eliminates the third subclause from clause (ii), reducing the complexity of the statutory provision.

• 15 U.S.C. 696(7)(C)

  ``a total of $7,500,000,000 of financing'' → ``the total amount described in section 511 in financing''

  Changes the specific financial cap reference to a dynamic funding level specified in a new section.

• ``SEC. 511. MAXIMUM FUNDING LEVEL. ``The Administrator may provide not more than a total, in the aggregate, of $15,000,000,000 for each fiscal year of financing to guarantee loans under section 503 and loans authorized under section 502(7)(C).''

  Introduces a new section establishing a maximum annual funding limit for loan guarantees.

• 15 U.S.C. 696(7)(C)

  clause (v)

  Removes an existing clause that may have set a limit or regulation impacting financing structure.

• 15 U.S.C. 695 et seq.

  section 511, as added by section 2 of this Act

  Establishes a sunset provision that will eliminate the new funding limit section after a specific date.