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Adds a redisclosure provision permitting authorized persons to redisclose certain return information to the Assistant Director and Student Loan Borrower Advocate of the Bureau of Consumer Financial Protection to the extent necessary for the Bureau’s oversight activities; i.e., inserts a new clause (vii) under a specified paragraph.
Amends subsection (b) to add a new paragraph (14) permitting disclosures between the Secretary of Education and the Assistant Director and Student Loan Borrower Advocate of the Bureau of Consumer Financial Protection authorized under this Act.
Replaces the existing section 1035 (Private Education Loan Ombudsman) with a new provision establishing the Assistant Director and Student Loan Borrower Advocate, creates duties, reporting requirements, an Office for Students and Young Consumers, information-gathering authorities, and definitions.
Referred to the Committee on Education and Workforce, and in addition to the Committees on Financial Services, and Ways and Means, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.
Introduced February 25, 2026 by Suzanne Bonamici · Last progress February 25, 2026
Referred to the Committee on Education and Workforce, and in addition to the Committees on Financial Services, and Ways and Means, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.
Introduced in House