Student Loan Rehabilitation and Credit Score Improvement Act of 2022

Bill: 117-hr-6466
Sponsor: full_name: Rep. Williams, Nikema [D-GA-5]
Introduced: 2022-01-20
Policy area: Education
Latest action: action_date: 2022-01-20
text: Referred to the House Committee on Education and Labor.

Summaries:
action_date: 2022-01-20
action_desc: Introduced in House
text: <p><b>Student Loan Rehabilitation and Credit Score Improvement Act of 2022</b></p> <p>This bill provides for the removal of any adverse credit history related to a federal student loan from a borrower's credit history once the borrower has completed loan rehabilitation.</p>

tv_txt: I 117th CONGRESS 2d Session H. R. 6466 IN THE HOUSE OF REPRESENTATIVES January 20, 2022 Ms. Williams of Georgia (for herself, Ms. Ross , Ms. Stevens , Ms. Adams , Mrs. Lawrence , Mr. Moulton , Ms. Jackson Lee , Mrs. McBath , Ms. Manning , Mr. Bishop of Georgia , Ms. Wilson of Florida , and Ms. Norton ) 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.

1. Short title This Act may be cited as the Student Loan Rehabilitation and Credit Score Improvement Act of 2022 . 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 .