Proposed
Bill · 119th Congress · HR 7671
Students and Young Consumers Empowerment Act
Refreshed 2 h ago
Introduced 2026-02-25Topic: higher education · technology privacy · governance ethicsSummary
AI-generated summary, report an errorThis bill would replace the Consumer Financial Protection Bureau's private education loan ombudsman with an Assistant Director and Student Loan Borrower Advocate. That official would lead a new Office for Students and Young Consumers and accept and try to resolve complaints about both private and federal student loans. The official would also send yearly reports to Congress on the student loan market, campus banking deals, and risks to young consumers. The Bureau and the Department of Education would have to sign an agreement within 60 days, share borrower complaints with each other, and meet at least every three months. Education Department loan servicers would have to agree to give the Bureau, on request, any information they must give the Department.
Sponsors
- Suzanne Bonamici Democrat sponsor
- 4 cosponsors
Action history
| Date | Chamber | Action | Status effect |
|---|---|---|---|
| 2026-02-25 | House | Referred to the Committee on Education and Workforce, and in addition to the Committees on Financial Services, and Ways and Means, 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. | refer |
| 2026-02-25 | House | Referred to the Committee on Education and Workforce, and in addition to the Committees on Financial Services, and Ways and Means, 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. | refer |
| 2026-02-25 | House | Referred to the Committee on Education and Workforce, and in addition to the Committees on Financial Services, and Ways and Means, 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. | refer |
| 2026-02-25 | Introduced in House | introduce | |
| 2026-02-25 | Introduced in House | introduce |