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119th CONGRESS
2d Session |
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.
Ms. Williams of Georgia (for herself, Ms. Ross, Ms. Adams, and Ms. Stevens) introduced the following bill; which was referred to the Committee on Education and Workforce
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,
This Act may be cited as the “Clean Slate through Rehabilitation 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 information relating to such loan from the borrower’s credit history”.