student loan repayment for employees of departing senators and vice presidents.

SEC. 103. student loan repayment for employees of departing senators and vice presidents. (a) Section 102 of the Legislative Branch Appropriations Act, 2002 (2 U.S.C. 4579) is amended— (1) in subsection (a)— (A) by redesignating paragraphs (1) through (5) as paragraphs (3) through (7), respectively; (B) by inserting before paragraph (3), as so redesignated, the following: “(1) Departure date.—The term ‘departure date’ means the earlier of— “(A) the date on which the term of a departing Senator or Vice President ends; or “(B) the date on which the departing Senator or Vice President will retire or resign. “(2) Departing senator or vice president.—The term ‘departing Senator or Vice President’ means a Senator or Vice President who will not serve in the next term due to retirement, resignation, a decision to not seek reelection, or a failure to secure reelection.” ; and (C) in paragraph (3)(B), as so redesignated, by striking “rate of basic pay for an employee for a position at ES-1” and all that follows and inserting “rate of basic pay payable for a position at level IV of the Executive Schedule under section 5315 of title 5, United States Code.”; (2) in subsection (b)(1)(A)(ii), by striking “1-year”; (3) in subsection (c)(1)— (A) by striking “The term” and inserting the following: “(A) In general.—Except as provided in subparagraph (B), the term” ; and (B) by adding at the end the following: “(B) Departing senators and vice presidents.—After the date that is 1 year before the departure date of a departing Senator or Vice President, the departing Senator or Vice President may enter into a service agreement under this section with an eligible employee of the office of the Senator or Vice President (including an eligible employee who has completed a required period of employment under a previous service agreement) that includes a required period of employment that— “(i) is less than 1 year; and “(ii) shall end on the last day of the last full pay period ending on or before the departure date of the departing Senator or Vice President.” ; (4) in subsection (d)— (A) in paragraph (2)— (i) in subparagraph (A), by striking “or” at the end; (ii) in subparagraph (B), by striking “under subsection (f)(7).” and inserting a semicolon; and (iii) by adding at the end the following: “(C) the agreement is terminated as provided under subsection (f)(7)(A); or “(D) the employee separates from service with the office of a departing Senator or Vice President.” ; and (B) in paragraph (3), by inserting “(including a required period of employment described in subsection (c)(1)(B))” after “required period of employment”; and (5) in subsection (f), by striking paragraph (7) and inserting the following: “(7) Change in payments.— “(A) Reduction.— “(i) In general.—Notwithstanding the terms of a service agreement under this section, the head of an employing office may reduce the amount of student loan payments made under the agreement if adequate funds are not available to such office. “(ii) Notice.—If the head of an employing office decides to reduce the amount of student loan payments to an eligible employee under clause (i)— “(I) the employing office shall concurrently notify the eligible employee and the Secretary of the Senate of the reduction; and “(II) not later than 30 days after the date of the concurrent notice, the eligible employee may terminate the service agreement. “(B) Increase.—Notwithstanding the terms of a service agreement under this section, the head of an employing office, with the consent of an eligible employee, may increase the amount of student loan payments made under the agreement with the eligible employee, if— “(i) the office has adequate funds available for the purpose of agreements under this section; “(ii) the amount of the increased payment does not exceed the limitations under this section; and “(iii) the total amount of the loan payments to be made (including such increase) during the remainder of the required period of employment does not exceed the amount of student loan indebtedness of the eligible employee as of the date of the increase.” . (b) [2 U.S.C. 4579 note] The amendments made by this section shall— (1) take effect on the date of enactment of this Act; and (2) apply to a service agreement under section 102 of the Legislative Branch Appropriations Act, 2002 (2 U.S.C. 4579) that is in effect on the date of enactment of this Act or entered into on or after the date of enactment of this Act.