H.R. 6692 · 118th Congress · House

Students and Young Consumers Empowerment Act

Active· Referred to the Committee on Education and the Workforce, and in addition to the Committee on Financial Services, for a period to be subsequ…
Introduced
Dec 11, 23
Passed House
Pending
Passed Senate
Pending
Sent to President
Pending
Signed into Law
Pending

Executive Summary

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.

Action Timeline

4
  1. DEC 11, 2023•IntroReferral

    Introduced in House

  2. DEC 11, 2023•IntroReferral

    Introduced in House

  3. DEC 11, 2023•IntroReferral

    Referred to the Committee on Education and the Workforce, 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.

  4. DEC 11, 2023•IntroReferral

    Referred to the Committee on Education and the Workforce, 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.

Committees

2

Financial Services Committee

hsba00

Referred: Dec 11, 2023

Active

Education and Workforce Committee

hsed00

Referred: Dec 11, 2023

Active