I 
117TH CONGRESS 
1ST SESSION H. R. 6053 
To amend the Equal Credit Opportunity Act to prohibit discrimination based 
on an applicant’s institution of higher education, and for other purposes. 
IN THE HOUSE OF REPRESENTATIVES 
NOVEMBER 18, 2021 
Mr. VELA introduced the following bill; which was referred to the Committee 
on Financial Services 
A BILL 
To amend the Equal Credit Opportunity Act to prohibit 
discrimination based on an applicant’s institution of 
higher education, and for other purposes. 
Be it enacted by the Senate and House of Representa-
tives of the United States of America in Congress assembled, 
SECTION 1. SHORT TITLE. 
This Act may be cited as the ‘‘Protect Minority Stu-
dent Borrowers Act’’. 
SEC. 2. SCOPE OF PROHIBITION. 
(a) PROHIBITED DISCRIMINATION.—Section 701 of 
the Equal Credit Opportunity Act (15 U.S.C. 1691) is 
amended— 
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(1) by redesignating subsections (b) through (e) 
as subsections (c) through (f), respectively; and 
(2) by inserting after subsection (a) the fol-
lowing: 
‘‘(b)(1) It shall be unlawful for any private edu-
cational lender to discriminate against any applicant, with 
respect to any aspect of a credit transaction, on the basis 
of the institution of higher education an applicant intends 
to attend, presently attends, or previously attended, in-
cluding whether such institution is a minority-serving in-
stitution. 
‘‘(2) In this subsection: 
‘‘(A) The term ‘institution of higher education’ 
has the meaning given such term in section 101(a) 
of the Higher Education Act of 1965 (20 U.S.C. 
1001(a)). 
‘‘(B) The term ‘minority-serving institution’ 
means an institution of higher education described 
in section 371(a) of the Higher Education Act of 
1965 (20 U.S.C. 1067q(a)). 
‘‘(C) The term ‘private educational lender’ has 
the meaning given such term in section 140(a) of 
the Truth In Lending Act (15 U.S.C. 1650(a)).’’. 
(b) CIVIL LIABILITY.—Section 706(g) of the Equal 
Credit Opportunity Act (15 U.S.C. 1691e(g)) is amended 
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by striking ‘‘section 701(a)’’ each place it appears and in-
serting ‘‘subsection (a) or (b) of section 701’’. 
(c) CONFORMING AMENDMENT.—Section 603(k) of 
the Fair Credit Reporting Act (15 U.S.C. 1681a(k)) is 
amended by striking ‘‘701(d)(6)’’ each place it appears 
and inserting ‘‘701(e)(6)’’. 
SEC. 3. STUDY AND REPORT ON LENDING DISCRIMINATION. 
(a) STUDY.—The Comptroller General of the United 
States shall conduct a study on— 
(1) whether private educational lenders (as de-
fined in section 140(a) of the Truth in Lending Act 
(15 U.S.C. 1650(a))) discriminate against applicants 
who intend to attend, currently attend, or previously 
attended minority-serving institutions of higher edu-
cation (as described in section 371(a) of the Higher 
Education Act of 1965 (20 U.S.C. 1067q(a))); and 
(2) the extent of such discrimination, if any. 
(b) REPORT.—Not later than 1 year after the date 
of enactment of this Act, the Comptroller General of the 
United States shall submit to Congress a report that con-
tains the results of the study conducted under subsection 
(a). 
Æ 
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