summary
Introduced
10/28/2019
10/28/2019
In Committee
10/28/2019
10/28/2019
Crossed Over
Passed
Dead
12/31/2020
12/31/2020
Introduced Session
116th Congress
Bill Summary
A BILL To amend the Higher Education Act of 1965 to remove all adverse credit history related to a loan from the credit history of a borrower who has rehabilitated the loan. 1
AI Summary
This bill, the Student Loan Default Reduction Program Act, amends the Higher Education Act of 1965 to remove all adverse credit history related to a loan from the credit history of a borrower who has rehabilitated the loan. The key provision of the bill is to change the existing law from only removing the record of the default from the borrower's credit history to removing any adverse information related to the loan from the borrower's credit history, even after the loan has been rehabilitated.
Committee Categories
Education
Sponsors (1)
Last Action
Referred to the House Committee on Education and Labor. (on 10/28/2019)
Official Document
bill text
bill summary
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bill summary
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bill summary
| Document Type | Source Location |
|---|---|
| State Bill Page | https://www.congress.gov/bill/116th-congress/house-bill/4869/all-info |
| BillText | https://www.congress.gov/116/bills/hr4869/BILLS-116hr4869ih.pdf |
| Bill | https://www.congress.gov/116/bills/hr4869/BILLS-116hr4869ih.pdf.pdf |
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