LEGAL POWERS AND RESPONSIBILITIES.

SEC. 433. LEGAL POWERS AND RESPONSIBILITIES.(a) Settlement of Claims.—Section 432(b) (20 U.S.C. 1082(b)) is amended by adding at the end the following: “The Secretary may not enter into any settlement of any claim under this title that exceeds $1,000,000 unless—“(1) the Secretary requests a review of the proposed settlement of such claim by the Attorney General; and“(2) the Attorney General responds to such request, which may include, at the Attorney General’s discretion, a written opinion related to such proposed settlement.”.(b) Common Forms and Formats.—Section 432(m)(1)(D)(i) (20 U.S.C. 1082(m)(1)(D)(i)) is amended by adding at the end the following: “Unless otherwise notified by the Secretary, each institution of higher education that participates in the program under this part or part D may use a master promissory note for loans under this part and part D.”.