H.R.4395 - Clean Slate through Consolidation Act116th Congress (2019-2020) |
|Sponsor:||Rep. Stevens, Haley M. [D-MI-11] (Introduced 09/19/2019)|
|Committees:||House - Education and Labor|
|Latest Action:||House - 09/19/2019 Referred to the House Committee on Education and Labor. (All Actions)|
This bill has the status Introduced
Here are the steps for Status of Legislation:
- Passed House
- Passed Senate
- To President
- Became Law
Summary: H.R.4395 — 116th Congress (2019-2020)All Information (Except Text)
Introduced in House (09/19/2019)
Clean Slate through Consolidation Act
This bill 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.