[Congressional Bills 116th Congress]
[From the U.S. Government Publishing Office]
[H.R. 4869 Introduced in House (IH)]

<DOC>






116th CONGRESS
  1st Session
                                H. R. 4869

To amend the Higher Education Act of 1965 to remove all adverse credit 
history related to a loan from the credit history of a borrower who has 
                        rehabilitated the loan.


_______________________________________________________________________


                    IN THE HOUSE OF REPRESENTATIVES

                            October 28, 2019

Ms. Kendra S. Horn of Oklahoma introduced the following bill; which was 
            referred to the Committee on Education and Labor

_______________________________________________________________________

                                 A BILL


 
To amend the Higher Education Act of 1965 to remove all adverse credit 
history related to a loan from the credit history of a borrower who has 
                        rehabilitated the loan.

    Be it enacted by the Senate and House of Representatives of the 
United States of America in Congress assembled,

SECTION 1. SHORT TITLE.

    This Act may be cited as the ``Student Loan Default Reduction 
Program Act''.

SEC. 2. DEFAULT REDUCTION PROGRAM.

    Section 428F(a)(1)(C) of the Higher Education Act of 1965 (20 
U.S.C. 1078-6(a)(1)(C)) is amended by striking ``to remove the record 
of the default from the borrower's credit history'' and inserting ``to 
remove any adverse item of information relating to such loan from the 
borrower's credit history''.
                                 <all>