Bill Sponsor
Senate Bill 3745
116th Congress(2019-2020)
Coronavirus E-BD Act of 2020
Introduced
Introduced
Introduced in Senate on May 14, 2020
Overview
Text
Introduced
May 14, 2020
Latest Action
May 14, 2020
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
3745
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.
Sponsorship by Party
Democrat
Illinois
Democrat
Connecticut
Democrat
Delaware
Democrat
Massachusetts
Democrat
Rhode Island
Democrat
Wisconsin
Senate Votes (0)
House Votes (0)
No Senate votes have been held for this bill.
Summary

Coronavirus Emergency Borrower Defense Act of 2020 or the Coronavirus E-BD Act of 2020

This bill requires the Department of Education (ED) to discharge, within 30 days, the federal student loan debt of three categories of borrowers.

Specifically, ED must discharge the federal student loan debt of a borrower (1) who is covered by ED findings against an institution of higher education (IHE) for job placement rate misrepresentation; (2) for whom a state attorney general has asserted a right to borrower defense discharge; or (3) who was subject to a misrepresentation made by the IHE related to guaranteed employment or transferability of credits, and who has asserted such misrepresentation in a borrower defense application.

ED must reimburse a borrower for amounts paid toward the federal student loan.

The bill also requires ED to (1) notify borrowers of loan relief and eligibility for financial aid, and (2) report loan discharge to consumer reporting agencies.

Finally, ED must initiate a proceeding to require the IHE whose act or omission resulted in loan discharge to repay ED for such amounts.

Text (1)
Actions (2)
05/14/2020
Read twice and referred to the Committee on Health, Education, Labor, and Pensions.
05/14/2020
Introduced in Senate
Public Record
Record Updated
Jan 11, 2023 1:42:40 PM