Protect Student Borrowers Act of 2022
Bill journey · stage 2 of 5
Under committee review
What it doesSummary introduced in senate (Sep 29, 2022)
Protect Student Borrowers Act of 2022
This bill requires institutions of higher education (IHEs) participating in the William D. Ford Federal Direct Loan program to accept specified risk-sharing requirements for defaulted student loans, which shall include requiring certain IHEs to make payments to address the risk of such defaults. The bill also establishes in the Treasury a separate account for the deposit of such risk-sharing payments.
What just happenedSep 29, 2022
Read twice and referred to the Committee on Health, Education, Labor, and Pensions. (Sponsor introductory remarks on measure: CR S5553-5554)
Who’s behind it
- Introduced in SenateSep 29, 2022
- Sep 29, 2022IntroReferral
Read twice and referred to the Committee on Health, Education, Labor, and Pensions. (Sponsor introductory remarks on measure: CR S5553-5554)
Health, Education, Labor, and Pensions Committee - Sep 29, 2022IntroReferral10000
Introduced in Senate