Stop Student Debt Relief Scams Technical Corrections Act

Hozzl · 2022-12-31T04:59:17Z

Explore the details of House Bill 4106 Stop Student Debt Relief Scams Technical Corrections Act currently in Congress. Get insights into its purpose, current status, sponsors, and potential impact on Education. Stay informed on legislative developments.

12/31/2022, 4:59 AM

Summary of Bill HR 4106

Bill 117 HR 4106, also known as the Stop Student Debt Relief Scams Technical Corrections Act, aims to address issues related to student debt relief scams. The bill seeks to make technical corrections to the Higher Education Act of 1965 in order to better protect students from fraudulent practices.

The bill includes provisions that require the Department of Education to establish a process for identifying and reporting potential scams related to student debt relief. It also mandates that the Department of Education work with other federal agencies to coordinate efforts to combat these scams.

Additionally, the bill includes measures to improve transparency and accountability in the student loan industry. This includes requiring loan servicers to provide clear and accurate information to borrowers about their repayment options and rights. Overall, the Stop Student Debt Relief Scams Technical Corrections Act aims to protect students from predatory practices in the student loan industry and ensure that they have access to accurate information and resources to help them manage their debt effectively.

Congressional Summary of HR 4106

Stop Student Debt Relief Scams Technical Corrections Act

This bill revises the requirements for third-party access to the central database for student aid (i.e., the National Student Loan Data System).

First, the bill directs the Department of Education (ED) to issue, by July 1, 2021, its guidance on the use of access devices.

Additionally, the bill provides ED with discretion to approve applications from authorized persons or entities for third-party data access to the system.

The bill also expands the categories of persons or entities that are authorized to access the system to include certain for-profit organizations.

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Current Status of Bill HR 4106

Bill HR 4106 is currently in the status of Bill Introduced since June 23, 2021. Bill HR 4106 was introduced during Congress 117 and was introduced to the House on June 23, 2021. Bill HR 4106's most recent activity was Referred to the House Committee on Education and Labor. as of June 23, 2021