summary
Introduced
07/12/2023
07/12/2023
In Committee
07/12/2023
07/12/2023
Crossed Over
Passed
Dead
01/03/2025
01/03/2025
Introduced Session
118th 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.
AI Summary
This bill, the Clean Slate through Rehabilitation Act, amends the Higher Education Act of 1965 to remove any adverse credit history related to a student loan from a borrower's credit report once the borrower has rehabilitated the loan. This means that after a borrower has successfully completed a loan rehabilitation program, the negative credit information associated with the defaulted loan will be removed from their credit history, allowing them a "clean slate" and the opportunity to rebuild their credit.
Committee Categories
Education
Sponsors (9)
Nikema Williams (D)*,
Alma Adams (D),
Madeleine Dean (D),
Hank Johnson (D),
Jenn McClellan (D),
Eleanor Holmes Norton (D),
Katie Porter (D),
Deborah Ross (D),
Haley Stevens (D),
Last Action
Referred to the House Committee on Education and the Workforce. (on 07/12/2023)
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/118th-congress/house-bill/4594/all-info |
| BillText | https://www.congress.gov/118/bills/hr4594/BILLS-118hr4594ih.pdf |
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