Senate Bill 720
116th Congress(2019-2020)
CFPB Student Loan Integrity and Transparency Act of 2019
Introduced
Introduced in Senate on Mar 7, 2019
Origin Chamber
Senate
Type
Bill
Bill
The primary form of legislative measure used to propose law. Depending on the chamber of origin, bills begin with a designation of either H.R. or S. Joint resolution is another form of legislative measure used to propose law.
Bill Number
720
Congress
116
Policy Area
Education
Education
Primary focus of measure is elementary, secondary, or higher education including special education and matters of academic performance, school administration, teaching, educational costs, and student aid.
Tom Udall
grade
New Mexico
California
Colorado
Connecticut
Hawaii
Illinois
Maryland
Massachusetts
Minnesota
Nevada
New Jersey
New Mexico
Ohio
No Senate votes have been held for this bill.
Summary
CFPB Student Loan Integrity and Transparency Act of 2019
This bill requires the Department of Education (ED) to provide information related to student loans to the Consumer Financial Protection Bureau (CFPB).
The bill prohibits ED from entering into an agreement with a contractor or vendor that services student loans unless the contractor or vendor agrees to provide requested information to the CFPB.
It also requires the CFPB to maintain adequate staffing levels to carry out its duties.
March 7, 2019
03/07/2019
Read twice and referred to the Committee on Health, Education, Labor, and Pensions.
03/07/2019
Introduced in Senate
Public Record
Record Updated
Nov 1, 2022 5:17:24 PM