106 STAT. 632 PUBLIC LAW 102-325—JULY 23, 1992 (1) by striking "and in assessing the impact of legislative and administrative policy proposals" in paragraph (3); (2) by redesignating paragraphs (4), (5), (6), and (7) as paragraphs (5), (6), (7), and (8), respectively; and (3) by inserting after paragraph (3) the following new paragraph: "(4) assess the impact of legislative and administrative policy proposals;"; (4) by striking "and" at the end of paragraph (7) (as redesignated); (5) by striking the period at the end of paragraph (8) (as redesignated) and inserting a semicolon and "and"; and (6) by adding at the end the following new paragraph— "(9) make special efforts to advise Members of Congress and such Members' staff of the findings and recommendations made pursuant to this paragraph.". 20 USC 1098. (c) EXEMPTION.— Section 491(h)(4) of the Act is amended— (1) by striking "in accordance with" and inserting "without regard to"; and (2) by inserting "and to set pay in accordance with such section" before the period. (d) AVAILABILITY OF FUNDS. —Section 491(i) of the Act is amended by striking "$500,000" and inserting "$750,000". (e) ADDITIONAL PROVISIONS.— Section 491 of the Act is amended by striking subsection (j) and inserting in lieu thereof: "(j) SPECIAL ANALYSES AND ACTIVITIES. —The committee shall— "(1) monitor and evaluate the program modifications resulting from the enactment of the Higher Education Amendments of 1992, especially as such amendments relate to the need analy- sis; "(2) monitor and evaluate the implementation, pursuant to section 483, of a Free Application for Federal Student Aid and the process for determining eligibility and awards for programs under this title, including a simplified reapplication process; "(3) assess the adequacy of current methods for disseminating information about programs under this title and recommend improvements, as appropriate, regarding early needs assessment and information for first-year high school students; and "(4) assess the adequacy of methods of monitoring student debt burden, "(k) TERM OF THE COMMITTEE. —Notwithstanding the sunset and charter provisions of the Federal Advisory Committee Act (5 U.S.C. App. I) or any other statute or regulation, the Advisory Committee shall be authorized until October 1, 1998. "(1) STUDENT LOAN PROGRAM SIMPLIFICATION STUDY.—(1) The Advisory Committee shall conduct a thorough study of means of simplifying all aspects of the loan programs under part B of this title. In carrying out the study, the Advisory Committee shall examine, at a minimum— "(A) reduction of paperwork burdens experienced by financial aid administrators resulting from the current structure of such loan programs; "(B) promotion of simplification and standardization of forms, procedures, and all other aspects of guaranty agency operations for the purpose of facilitating data exchanges with such agencies
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