An amendment numbered 3 printed in Part A of House Report 116-79 to reestablish an interagency memorandum of understanding between the CFPB and the Department of Education concerning the sharing of student borrower complaints to allow for cooperative supervision and oversight of student loan servicers.

1. 1

   Change 1: Replaces “described under subsections (b), (c), (d), (e), (g), and (h) of section 1013” with “established under section 1013”

   ReplacesPage 24, line 9Printed page

   [struck: described under subsections (b), (c), (d), (e), (g), and (h) of section 1013][inserted: established under section 1013]

   Original wording

   Page 24, beginning on line 9, strike “described under subsections (b), (c), (d), (e), (g), and (h) of section 1013” and insert “established under section 1013”.

2. 2

   Change 2: Inserts new text on page 30, line 19

   InsertsPrinted page

   Inserted: (3) Reestablishment of memoranda of understanding.--The memoranda of understanding between the Consumer Financial Protection Bureau and the Department of Education titled "Memorandum of Understanding Between the Bureau of Consumer Financial Protection and the U.S. Department of Education Concerning the Sharing of Information" (October 19, 2011) and "Memorandum of Understanding Concerning Supervisory and Oversight Cooperation and Related Information Sharing Between the U.S. Department of Education and the Consumer Financial Protection Bureau" (January 9, 2014)--

   Inserted: (A) shall remain in effect and may not be terminated by any party to such memoranda; and

   Inserted: (B) may only be amended or revised if the parties to the memoranda determine that such amendment or revision would promote better interagency coordination to the benefit of consumers.

   Original wording

   Page 30, after line 19, insert the following:

Read automatically from the Congressional Record. Check the original before relying on it.

As printed