US SB720 | 2019-2020 | 116th Congress
Status
Spectrum: Partisan Bill (Democrat 13-0)
Status: Introduced on March 7 2019 - 25% progression, died in committee
Action: 2019-03-07 - Read twice and referred to the Committee on Health, Education, Labor, and Pensions.
Pending: Senate Health, Education, Labor, And Pensions Committee
Text: Latest bill text (Introduced) [PDF]
Status: Introduced on March 7 2019 - 25% progression, died in committee
Action: 2019-03-07 - Read twice and referred to the Committee on Health, Education, Labor, and Pensions.
Pending: Senate Health, Education, Labor, And Pensions Committee
Text: Latest bill text (Introduced) [PDF]
Summary
Requires the Department of Education (ED) to provide information related to student loans to the Consumer Financial Protection Bureau (CFPB). The bill prohibits ED from entering into an agreement with a contractor or vendor that services student loans unless the contractor or vendor agrees to provide requested information to the CFPB. It also requires the CFPB to maintain adequate staffing levels to carry out its duties.
Title
CFPB Student Loan Integrity and Transparency Act of 2019
Sponsors
| Sen. Tom Udall [D-NM] | Sen. Elizabeth Warren [D-MA] | Sen. Richard Blumenthal [D-CT] | Sen. Sherrod Brown [D-OH] |
| Sen. Chris Van Hollen [D-MD] | Sen. Brian Schatz [D-HI] | Sen. Kamala Harris [D-CA] | Sen. Amy Klobuchar [D-MN] |
| Sen. Tammy Duckworth [D-IL] | Sen. Robert Menendez [D-NJ] | Sen. Catherine Cortez Masto [D-NV] | Sen. Michael Bennet [D-CO] |
| Sen. Martin Heinrich [D-NM] |
History
| Date | Chamber | Action |
|---|---|---|
| 2019-03-07 | Senate | Read twice and referred to the Committee on Health, Education, Labor, and Pensions. |
Same As/Similar To
HB2833 (Related) 2019-05-17 - Referred to the Committee on Education and Labor, and in addition to the Committee on Financial Services, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.
Subjects
Congressional oversight
Consumer credit
Consumer Financial Protection Bureau
Education
Executive agency funding and structure
Government employee pay, benefits, personnel management
Government information and archives
Higher education
Public contracts and procurement
Student aid and college costs
Consumer credit
Consumer Financial Protection Bureau
Education
Executive agency funding and structure
Government employee pay, benefits, personnel management
Government information and archives
Higher education
Public contracts and procurement
Student aid and college costs
US Congress State Sources
| Type | Source |
|---|---|
| Summary | https://www.congress.gov/bill/116th-congress/senate-bill/720/all-info |
| Text | https://www.congress.gov/116/bills/s720/BILLS-116s720is.pdf |
