An amendment numbered 15 printed in Part A of House Report 116-79 to require the Bureau to collect additional data from student loan servicers to provide a comprehensive view of loan portfolio performance, and to include findings from this information in the annual Ombudsman report.
What it does: Inserts “(decreased by $10,000,000)” after the second dollar amount
Rep. Mark DeSaulnier (D-CA)What it changes
1 change to H.R. 1500
We couldn't read part of this amendment. That part is shown as written below.
Inserts “(decreased by $10,000,000)” after the second dollar amount
Inserted: (decreased by $10,000,000)
Original wording
Page 40, line 8, after the second dollar figure insert “(decreased by $10,000,000)”.
Shown as written
Page 33, line 15, strike the quotation marks and final period and insert after such line the following:
Read automatically from the Congressional Record. Check the original before relying on it.
As printed
Page 33, line 15, strike the quotation marks and final period and insert after such line the following:
“(5) Collection of student loan servicer data.--
“(A) In general.--The Assistant Director and Student Loan Ombudsman shall require each servicer of student loans to submit an annual report to the Assistant Director with information regarding the servicer's loan portfolio, including data regarding the following:
“(i) The size of the servicer's portfolio.
“(ii) The repayment status of unique accounts.
“(iii) Borrower-initiated and servicer-initiated contacts, and the outcome of each such contact.
“(iv) Income-driver repayment applications and recertifications.
“(v) Any other data the Assistant Director and Student Loan Ombudsman determines necessary to carry out the functions of the Office of Students and Young Consumers.
“(B) Report.--The Assistant Director and Student Loan Ombudsman shall include, in each report required under section 1035(d)(1), a description of the information collected under this paragraph, along with any findings or determinations the Assistant Director made with respect to such information.
“(C) Guidance.--Not later than 90 days after the enactment of this subsection, the Bureau shall issue guidance to student loan servicers to facilitate the data collection required under this paragraph.”.
Page 40, line 8, after the second dollar figure insert “(decreased by $10,000,000)”.
Legislative Activity
Stay on top of the latest movement without scrolling through every action
House amendment offered
May 22, 2019
View full timeline
House amendment offered
May 22, 2019
Amendment agreed to Committee of the Whole
May 22, 2019 • 3:27 PM
House amendment agreed to: On agreeing to the DeSaulnier amendment (A015) Agreed to by voice vote.
May 22, 2019 • 3:27 PM
House amendment offered/reported by: Amendment (A015) offered by Mr. DeSaulnier.
May 22, 2019 • 3:19 PM
Amendment (A015) offered by Mr. DeSaulnier. (consideration: CR H4101-4102; text: CR H4101)
May 22, 2019 • 3:19 PM
On agreeing to the DeSaulnier amendment (A015) Agreed to by voice vote.
May 22, 2019 • 3:27 PM