43 U.S.C. § 2434

(a) In general Subject to subsection (b), the authority of the Secretary to carry out this subchapter terminates on the date that is 10 years after December 22, 2006 . (b) Exception The termination of authority under subsection (a) shall have no effect on— (1) any loans guaranteed by the United States under this subchapter; or (2) the administration of any loan guaranteed under this subchapter before the effective date of the termination of authority.