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<PRE>[DOCID: f:h1866enr.txt]
        H.R.1866

                       One Hundred Fifth Congress

                                 of the

                        United States of America


                          AT THE FIRST SESSION

          Begun and held at the City of Washington on Tuesday,
 the seventh day of January, one thousand nine hundred and ninety-seven


                                 An Act


 
To continue favorable treatment for need-based educational aid under the 
                             antitrust laws.

    Be it enacted by the Senate and House of Representatives of the 
United States of America in Congress assembled,

SECTION 1. SHORT TITLE.

    This Act may be cited as the ``Need-Based Educational Aid Antitrust 
Protection Act of 1997''.

SEC. 2. CONTINUATION OF FAVORABLE TREATMENT FOR NEED-BASED EDUCATIONAL 
              AID UNDER THE ANTITRUST LAWS.

    (a) Amendments.--Section 568 of the Improving America's Schools Act 
of 1994 (15 U.S.C. 1 note) is amended--
        (1) in subsection (a)--
            (A) in the heading, by striking ``Temporary''; and
            (B) by striking paragraph (4) and inserting the following:
        ``(4) to exchange through an independent third party, before 
    awarding need-based financial aid to any of such students who is 
    commonly admitted to the institutions of higher education involved, 
    data submitted by the student so admitted, the student's family, or 
    a financial institution on behalf of the student or the student's 
    family relating to assets, liabilities, income, expenses, the 
    number of family members, and the number of the student's siblings 
    in college, if each of such institutions of higher education is 
    permitted to retrieve such data only once with respect to the 
    student.''; and
        (2) in subsection (d), by striking ``September 30, 1997'' and 
    inserting ``September 30, 2001''.
    (b) Effective Date.--The amendments made by subsection (a) shall 
take effect immediately before September 30, 1997.

                               Speaker of the House of Representatives.

                            Vice President of the United States and    
                                               President of the Senate.

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