Public Law 105-43

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[105th Congress Public Law 43]
[From the U.S. Government Publishing Office]


Public Law 105-43
105th Congress

                                 An Act


 
<<NOTE: Sept. 17, 1997 -  [H.R. 1866]>> To continue favorable treatment 
        for need-based educational aid under the antitrust laws.

    Be it enacted by the Senate and House of Representatives of the 
United States of America in Congress assembled, <<NOTE: Need-Based 
Educational Aid Antitrust Protection Act of 1997. 15 USC 1 note.>> 

SECTION 1. SHORT TITLE.

    This Act may be cited as the ``Need-Based Educational Aid Antitrust 
Protection Act of 1997''.

SEC. 2. CONTINUATION OF FAVORABLE TREATMENT FOR NEED-BASED EDUCATIONAL 
            AID UNDER THE ANTITRUST LAWS.

    (a) Amendments.--Section 568 of the Improving America's Schools Act 
of 1994 (15 U.S.C. 1 note) is amended--
            (1) in subsection (a)--
                    (A) in the heading, by striking ``Temporary''; and
                    (B) by striking paragraph (4) and inserting the 
                following:
            ``(4) to exchange through an independent third party, before 
        awarding need-based financial aid to any of such students who is 
        commonly admitted to the institutions of higher education 
        involved, data submitted by the student so admitted, the 
        student's family, or a financial institution on behalf of the 
        student or the student's family relating to assets, liabilities, 
        income, expenses, the number of family members, and the number 
        of the student's siblings in college, if each of such 
        institutions of higher education is permitted to retrieve such 
        data only once with respect to the student.''; and
            (2) in subsection (d), by striking ``September 30, 1997'' 
        and inserting ``September 30, 2001''.

<<NOTE: 15 USC 1 note.>>     (b) Effective Date.--The amendments made by 
subsection (a) shall take effect immediately before September 30, 1997.

    Approved September 17, 1997.

LEGISLATIVE HISTORY--H.R. 1866:
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HOUSE REPORTS: No. 105-144 (Comm. on the Judiciary).
CONGRESSIONAL RECORD, Vol. 143 (1997):
            June 23, considered and passed House.
            July 30, considered and passed Senate, amended.
            Sept. 8, House concurred in Senate amendment.

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