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Full Text of this Amendment
Strike all after the enacting clause and insert the following:
SECTION 1. ECONOMIC DEVELOPMENT ADMINISTRATION.
(a) Termination of Authority.--Beginning on October 1, 2011, the Economic Development Administration is terminated.
(b) Collection Authority.--The Secretary of the Treasury may collect any amounts owed to the Federal Government under any loan agreement entered into by the Economic Development Administration in effect on September 30, 2011--
(1) in accordance with the terms or conditions of that loan agreement; or
(2) as otherwise provided by law.
(As printed in the Congressional Record for the Senate on Jun 7, 2011.)