Page:United States Statutes at Large Volume 100 Part 2.djvu/390

 100 STAT. 1492

PUBLIC LAW 99-498—OCT. 17, 1986

ment, a loan insured under that part shall, upon conviction thereof, be fined not more than $1,000 or imprisoned not more than one year, or both. "(d) OBSTRUCTION OF JUSTICE.—Any person who knowingly and



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willfully destroys or conceals any record relating to the provision of assistance under this title with intent to defraud the United States or to prevent the United States from enforcing any right obtained by subrogation under this part, shall upon conviction thereof, be fined not more than $10,000 or imprisoned not more than 5 years, or both. "ADVISORY COMMITTEE ON STUDENT FINANCIAL ASSISTANCE

20 USC 1098.

"SEC. 491.

(a) ESTABLISHMENT AND PURPOSE.—(1) There is established in the Department an independent Advisory Committee on Student Financial Assistance (hereafter in this section referred to as the 'Advisory Committee') which shall provide advice and counsel to the Congress and to the Secretary on student financial aid matters. "(2) The purpose of the Advisory Committee is— "(A) to provide extensive knowledge and understanding of the Federal, State, and institutional programs of postsecondary student assistance; "(B) to provide technical expertise with regard to systems of needs analysis and application forms; and "(C) to make recommendations that will result in the maintenance of access to postsecondary education for low- and middleincome students. "(b) INDEPENDENCE OF ADVISORY COMMITTEE.—In the exercise of

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its functions, powers, and duties, the Advisory Committee shall be independent of the Secretary and the other offices and officers of the Department. The recommendations of the Committee shall not be subject to review or approval by any officer in the executive branch, but may be submitted to the Secretary for comment prior to submission to the Congress in accordance with subsection (f). "(c) MEMBERSHIP.—(1) The Advisory Committee shall have 11 members of which— "(A) 3 members shall be appointed by the President pro tempore of the Senate upon the recommendation of the Majority Leader and the Minority Leader, "(B) 3 members shall be appointed by the Speaker of the House of Representatives upon the recommendation of the Majority Leader and the Minority Leader, and "(C) 5 members shall be appointed by the Secretary including, but not limited to representatives of States, institutions of higher education, secondary schools, credit institutions, students, and parents. "(2) Not less than 7 members of the Advisory Committee shall be individuals who have been appointed on the basis of technical qualifications, professional standing and demonstrated knowledge in the fields of higher education and student aid administration, need analysis, financing postsecondary education, student aid delivery, and the operations and financing of student loan guarantee agencies. "(d) FUNCTIONS OF THE COMMITTEE.—The Advisory Committee shall— "(1) develop, review, and comment annually upon the system of needs analysis established under sections 411A through 411E and part F of this title;

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