Students and Young Consumers Empowerment Act
USA116th CongressHR-3547| House
| Updated: 6/27/2019
Suzanne Bonamici
Democratic Representative
Oregon
Cosponsors (1)
Financial Services Committee, Education and Workforce Committee
- Introduced
- In Committee
- On Floor
- Passed Chamber
- Enacted
Students and Young Consumers Empowerment Act This bill establishes the Office for Students and Young Consumers within the Consumer Financial Protection Bureau and eliminates the position of Private Education Loan Ombudsman. Currently, the Private Education Loan Ombudsman provides assistance to borrowers of private education loans. The Office for Students and Young Consumers must provide assistance to borrowers of private or federal student loans and enter into an information-sharing agreement with the Department of Education. The office must also report annually regarding campus banking and the student loan marketplace.
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Timeline
Introduced in House
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.
Finance and Financial Sector
Congressional oversightConsumer affairsConsumer creditConsumer Financial Protection BureauExecutive agency funding and structureFinancial literacyGovernment employee pay, benefits, personnel managementGovernment information and archivesGovernment lending and loan guaranteesGovernment studies and investigationsHigher educationIntergovernmental relationsStudent aid and college costs
Students and Young Consumers Empowerment Act
USA116th CongressHR-3547| House
| Updated: 6/27/2019
Students and Young Consumers Empowerment Act This bill establishes the Office for Students and Young Consumers within the Consumer Financial Protection Bureau and eliminates the position of Private Education Loan Ombudsman. Currently, the Private Education Loan Ombudsman provides assistance to borrowers of private education loans. The Office for Students and Young Consumers must provide assistance to borrowers of private or federal student loans and enter into an information-sharing agreement with the Department of Education. The office must also report annually regarding campus banking and the student loan marketplace.
View Full TextSuggested Questions
Get AI-generated questions to help you understand this bill better
Timeline
Introduced in House
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.
Suzanne Bonamici
Democratic Representative
Oregon
Cosponsors (1)
Financial Services Committee, Education and Workforce Committee
Finance and Financial Sector
- Introduced
- In Committee
- On Floor
- Passed Chamber
- Enacted
Congressional oversightConsumer affairsConsumer creditConsumer Financial Protection BureauExecutive agency funding and structureFinancial literacyGovernment employee pay, benefits, personnel managementGovernment information and archivesGovernment lending and loan guaranteesGovernment studies and investigationsHigher educationIntergovernmental relationsStudent aid and college costs