Page:United States Statutes at Large Volume 106 Part 1.djvu/592

 106 STAT. 560 PUBLIC LAW 102-325—JULY 23, 1992 proposed to the Secretary of the Treasury, and proposed modifications received from the Secretciry oi the Treasury to the Congressional Budget Office and Gfeneral Accounting Office upon their submission to the Secretary of the Treasury or receipt from the Secretary of the Treasury. Notwithstanding any other provision of law, the Congressional Budget Office and General Accounting Office shall maintain the confidentiality of information received pursuant to the previous sentence. In the event that the Secretary of the Treasury does not approve a capital restoration plan as provided in paragraph (5)(A) or (6)(A), or in the event that a capital restoration plan is modified by the Secretary of the Treasury pursuant to paragraph (6)(B) or (8), the Congressional Budget Office and General Accounting Office shall each submit a report within 30 days of the Secretary of the Treasur/s submission to the Chairmen and ranking minority members as required in paragraphs (5)(B), (6)(B), and (8)(C) to such Chairmen and ranking members— "(A) analyzing the financial condition of the Association; "(B) anedyzing the capital restoration plan and reasons for disapproval of the plan contained in the Secretary of the Treasurer's submission made pursuant to paragraph (5)(B), or the capital restoration plan proposed by the Association and the modifications made by the Secretary of the Treasury pursuant to paragraph (6)(B) or (8); " (C) analyzing the impact of the capital restoration plan and reasons for disapproval of the plan contained in the Secretary of the Treasury's submission made pursuant to paragraph (5)(B), or the impact of the capital restoration plan proposed by the Association and the modifications made by the Secretary of the Treasury pursuant to paragraph (6)(B) or (8), and analyzing the impact of the recommendations made pursuant to subparagraph (D) of this paragraph, on— "(i) the ability of the Association to fulfill its purpose and authorized activities as provided in this section, and "(ii) the operation of the student loan programs; and "(D) recommending steps which the Association should take to increase its capital ratio without impairing its ability to perform its purpose and authorized activities as provided in this section. "(10) REVIEW BY SECRETARY OF EDUCATION.— The Secretary of Education shall review the Secretary of the Treasures submission required pursuant to paragraph (5)(B), (6)(B), or (8) and shall submit a report within 30 days to the Chairman and ranking minority member of the Senate Committee on Labor and Human Resources and to the Chairman and ranking minority member of the House Committee on Education and Labor— " (A) describing any administrative or legislative provisions governing the student loan programs which contributed to the decline in the Association's capital ratio; and " (B) recommending administrative and legislative changes in the student loan programs to maintain the orderly operation of such programs and to enable the Association to fulfill its purpose and authorized activities

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