3.0.0 3745 2023-01-11T13:42:40Z 2023-01-11T13:42:40Z Senate S 2020-05-14 116 sshr00 Health, Education, Labor, and Pensions Committee Senate Standing Referred to 2020-05-14T20:11:12Z Coronavirus E-BD Act of 2020 116 8316 HR 2020-09-18 Referred to the House Committee on Education and Labor. Identical bill CRS 2020-05-14 sshr00 Health, Education, Labor, and Pensions Committee Senate Read twice and referred to the Committee on Health, Education, Labor, and Pensions. IntroReferral 2020-05-14 Introduced in Senate IntroReferral 10000 9 Library of Congress D000563 Sen. Durbin, Richard J. [D-IL] Richard Durbin D IL J. N B000944 Sen. Brown, Sherrod [D-OH] Sherrod Brown D OH 2020-05-14 True W000817 Sen. Warren, Elizabeth [D-MA] Elizabeth Warren D MA A. 2020-05-14 True B001277 Sen. Blumenthal, Richard [D-CT] Richard Blumenthal D CT 2020-07-20 False V000128 Sen. Van Hollen, Chris [D-MD] Chris Van Hollen D MD 2020-07-20 False R000122 Sen. Reed, Jack [D-RI] John Reed D RI F. 2020-07-20 False C000174 Sen. Carper, Thomas R. [D-DE] Thomas Carper D DE R. 2020-07-20 False M001169 Sen. Murphy, Christopher [D-CT] Christopher Murphy D CT S. 2020-07-21 False B001230 Sen. Baldwin, Tammy [D-WI] Tammy Baldwin D WI 2020-07-21 False M001176 Sen. Merkley, Jeff [D-OR] Jeff Merkley D OR 2020-07-22 False S000033 Sen. Sanders, Bernard [I-VT] Bernard Sanders I VT 2020-07-22 False Education Civil actions and liability Consumer credit Employee hiring Fraud offenses and financial crimes Government information and archives Government lending and loan guarantees Higher education State and local government operations Student aid and college costs Education 00 2020-05-14 Introduced in Senate 2021-01-22T20:03:19Z Coronavirus Emergency Borrower Defense Act of 2020 or the Coronavirus E-BD Act of 2020

This bill requires the Department of Education (ED) to discharge, within 30 days, the federal student loan debt of three categories of borrowers.

Specifically, ED must discharge the federal student loan debt of a borrower (1) who is covered by ED findings against an institution of higher education (IHE) for job placement rate misrepresentation; (2) for whom a state attorney general has asserted a right to borrower defense discharge; or (3) who was subject to a misrepresentation made by the IHE related to guaranteed employment or transferability of credits, and who has asserted such misrepresentation in a borrower defense application.

ED must reimburse a borrower for amounts paid toward the federal student loan.

The bill also requires ED to (1) notify borrowers of loan relief and eligibility for financial aid, and (2) report loan discharge to consumer reporting agencies.

Finally, ED must initiate a proceeding to require the IHE whose act or omission resulted in loan discharge to repay ED for such amounts.

]]> Coronavirus E-BD Act of 2020 Display Title Coronavirus E-BD Act of 2020 Short Title(s) as Introduced Coronavirus E-BD Act of 2020 Introduced in Senate IS Short Title(s) as Introduced Coronavirus Emergency Borrower Defense Act of 2020 Introduced in Senate IS Official Title as Introduced A bill to direct the Secretary of Education to provide relief to borrowers of student loans for whom the Department of Education found misrepresentation by the institution of higher education or a State attorney general has asserted a right to borrower defense discharge. Introduced in Senate IS Introduced in Senate 2020-05-14T04:00:00Z https://www.govinfo.gov/content/pkg/BILLS-116s3745is/xml/BILLS-116s3745is.xml 2020-05-14 Read twice and referred to the Committee on Health, Education, Labor, and Pensions. text/xml EN Pursuant to Title 17 Section 105 of the United States Code, this file is not subject to copyright protection and is in the public domain. Congressional Research Service, Library of Congress This file contains bill summaries and statuses for federal legislation. A bill summary describes the most significant provisions of a piece of legislation and details the effects the legislative text may have on current law and federal programs. Bill summaries are authored by the Congressional Research Service (CRS) of the Library of Congress. As stated in Public Law 91-510 (2 USC 166 (d)(6)), one of the duties of CRS is "to prepare summaries and digests of bills and resolutions of a public general nature introduced in the Senate or House of Representatives". For more information, refer to the User Guide that accompanies this file.