US HB4395 | 2019-2020 | 116th Congress
Status
Spectrum: Partisan Bill (Democrat 2-0)
Status: Introduced on September 19 2019 - 25% progression, died in committee
Action: 2019-09-19 - Referred to the House Committee on Education and Labor.
Pending: House Education and Labor Committee
Text: Latest bill text (Introduced) [PDF]
Status: Introduced on September 19 2019 - 25% progression, died in committee
Action: 2019-09-19 - Referred to the House Committee on Education and Labor.
Pending: House Education and Labor Committee
Text: Latest bill text (Introduced) [PDF]
Summary
Requires the Department of Education (ED) to have a record of default removed from a borrower's credit history in certain circumstances. Specifically, when a borrower obtains a Federal Direct Consolidation Loan discharging the borrower's liability on a defaulted student loan, ED must request a consumer reporting agency remove the record of default from the borrower's credit history.
Title
Clean Slate through Consolidation Act
Sponsors
Rep. Haley Stevens [D-MI] | Rep. Debbie Mucarsel-Powell [D-FL] |
History
Date | Chamber | Action |
---|---|---|
2019-09-19 | House | Referred to the House Committee on Education and Labor. |
2019-09-19 | House | Introduced in House |
Same As/Similar To
HB4396 (Related) 2019-09-19 - Referred to the House Committee on Education and Labor.
Subjects
Consumer credit
Education
Government information and archives
Government lending and loan guarantees
Student aid and college costs
Education
Government information and archives
Government lending and loan guarantees
Student aid and college costs
US Congress State Sources
Type | Source |
---|---|
Summary | https://www.congress.gov/bill/116th-congress/house-bill/4395/all-info |
Text | https://www.congress.gov/116/bills/hr4395/BILLS-116hr4395ih.pdf |