Relief for Defrauded Students Act of 2019
Bill journey · stage 1 of 5
Just introduced
What it doesSummary introduced in house (Jul 10, 2019)
Relief for Defrauded Students Act of 2019
This bill provides statutory authority for specific borrower defenses to repayment under the Federal Direct Loan program.
Specifically, the bill allows a defense to repayment of a loan under the program if (1) the institution of higher education (IHE) made a substantial misrepresentation of the nature of its educational program, its financial charges, or the employability of its graduates; (2) the IHE made an act or omission in violation of state law; or (3) the IHE made any other act or omission as specified by the Department of Education (ED). Under current law, ED is required to specify in regulation which acts and omissions of an IHE may be asserted by a borrower as a defense to repayment under the program.
The bill requires ED, upon determination that a borrower is entitled to student loan relief, to cancel any outstanding balance of principal and interest due on each loan and return to the borrower the amount of any payments made on each loan.
What just happenedJul 17, 2019
Sponsor introductory remarks on measure. (CR H5983-5985)
Who’s behind it
- Introduced in HouseJul 10, 2019
- Jul 17, 2019IntroReferralB00100
Sponsor introductory remarks on measure. (CR H5983-5985)
- Jul 10, 2019IntroReferralH11100
Referred to the House Committee on Education and Labor.
Education and the Workforce Committee - Jul 10, 2019IntroReferralB00100
Sponsor introductory remarks on measure. (CR H5313)
- Jul 10, 2019IntroReferralIntro-H
Introduced in House
- Jul 10, 2019IntroReferral1000
Introduced in House