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![handle is hein.congrecreports/crptxacxr0001 and id is 1 raw text is: AUTHENTICATEO
U.S. GOVERNMENT
INFORMATION
Op
116TH CONGRESS REPORT
1st Session HOUSE OF REPRESENTATIVES 116-331
STUDENT BORROWER CREDIT IMPROVEMENT ACT
DECEMBER 9, 2019.-Committed to the Committee of the Whole House on the State
of the Union and ordered to be printed
Ms. WATERS, from the Committee on Financial Services,
submitted the following
REPORT
together with
MINORITY VIEWS
[To accompany H.R. 3621]
[Including cost estimate of the Congressional Budget Office]
The Committee on Financial Services, to whom was referred the
bill (H.R. 3621) to amend the Fair Credit Reporting Act to remove
adverse information for certain defaulted or delinquent private
education loan borrowers who demonstrate a history of loan repay-
ment, and for other purposes, having considered the same, report
favorably thereon with an amendment and recommend that the bill
as amended do pass.
CONTENTS
Page
Purpose and Sum m ary ........................................................................................... 4
Background and Need for Legislation ................................................................... 4
Section-by-Section A nalysis ................................................................................... . 6
H e a rin g s ................................................................................................................... 7
C om m ittee C onsideration ....................................................................................... 8
C om m ittee V otes ...................................................................................................... 8
Statement of Oversight Findings and Recommendations of the Committee ...... 11
Statement of Performance Goals and Objectives .................................................. 11
New Budget Authority and CBO Cost Estimate ................................................... 11
C om m ittee C ost E stim ate ....................................................................................... 13
U nfunded M andate Statem ent ............................................................................... 13
A dvisory C om m ittee ................................................................................................ 13
Application of Law to the Legislative Branch ....................................................... 13
E arm ark Statem ent ................................................................................................. 13
Duplication of Federal Program s ............................................................................ 13
Changes to E xisting L aw ........................................................................................ 14
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