Page:United States Statutes at Large Volume 122.djvu/655

 12 2 STA T .63 2 PUBLIC LA W 11 0– 1 8 6 —FE B.1 4, 2008 LEGIS L AT I V E H IST ORY— H . R. 4253( S. 178 4 ):C O N GRESSIONAL RECOR D

V ol . 153(2 0 07): D ec .5 ,6 ,co nsid e r ed a nd p assed Ho u se. Dec. 1 9, considered and passed Sena t e,a m ended, in lieu o f S. 1784. Vol. 154 (2008): J an. 16, House concurred in Senate amendment w it h an amendment pursuant to H. Res. 921. Jan. 31, Senate concurred in House amendment. ‘ ‘ (i ii )EF F ECTO F WAIV E R.—IftheAdm i n i s t ra t o r w ai v es the red uc tion of fees under c l ause (ii) , the Administrator— ‘‘(I) shall not assess or collect fees in an amount g reater than necessar y to ensure that the cost of the p rogram under this su b section is not greater than z ero and ‘‘(II) shall reinstate the fee reductions under clause (i) when the conditions in clause (ii) no longer apply. ‘‘(iv) N OI N CREA S E OF FEES.— T he Administrator shall not increase the fees under paragraph ( 18 )on loans made under this subsection that are not veteran participation loans as a direct result of the pilot pro - gram. ‘‘( F ) G A O RE P ORT.— ‘‘(i) IN G ENERA L .—Not later than 1 year after the date that the pilot program terminates, the C omp- troller General of the U nited S tates shall submit to the Committee on Small B usiness of the H ouse of R epresentatives and the Committee on Small Business and Entrepreneurship of the Senate a report on the pilot program. ‘‘(ii) CONTENTS.—The report submitted under clause (i) shall include— ‘‘(I) the number of veteran participation loans for which fees were reduced under the pilot pro- gram; ‘‘(II) a description of the impact of the pilot program on the program under this subsection; ‘‘(III) an evaluation of the efficacy and poten- tial fraud and abuse of the pilot program; and ‘‘(I V ) recommendations for improving the pilot program. ’ ’. Approved February 1 4, 20 08.

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