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116TH CONGRESS
1ST SESSION H. R. 4396
To amend the Higher Education Act of 1965 to remove the record of default
on a loan made, insured, or guaranteed under title IV from a borrower’s
credit history upon repayment of the full amount due on such loan.
IN THE HOUSE OF REPRESENTATIVES
SEPTEMBER 19, 2019
Ms. MUCARSEL-POWELL (for herself and Ms. STEVENS) introduced the
following bill; which was referred to the Committee on Education and Labor
A BILL
To amend the Higher Education Act of 1965 to remove
the record of default on a loan made, insured, or guaran-
teed under title IV from a borrower’s credit history upon
repayment of the full amount due on such loan.
Be it enacted by the Senate and House of Representa-
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tives of the United States of America in Congress assembled,
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SECTION 1. SHORT TITLE.
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This Act may be cited as the ‘‘Clean Slate through
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Repayment Act of 2019’’.
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•HR 4396 IH
SEC. 2. REMOVAL OF RECORD OF DEFAULT.
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Part G of title IV of the Higher Education Act of
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1965 (20 U.S.C. 1088 et seq.) is amended by adding at
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the end the following:
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‘‘SEC. 493E. REMOVAL OF RECORD OF DEFAULT.
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‘‘Upon repaying in full the amount due on a defaulted
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loan made, insured, or guaranteed under this title, the
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Secretary, guaranty agency, or other holder of the loan
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shall request any consumer reporting agency to which the
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Secretary, guaranty agency or holder, as applicable, re-
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ported the default of the loan, to remove the record of
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the default from the borrower’s credit history.’’.
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