I 116th CONGRESS 1st Session H. R. 4396 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 guaranteed under title IV from a borrower’s credit history upon repayment of the full amount due on such loan.

1. Short title This Act may be cited as the Clean Slate through Repayment Act of 2019 . 2. Removal of record of default Part G of title IV of the Higher Education Act of 1965 ( 20 U.S.C. 1088 et seq.) is amended by adding at the end the following: 493E. Removal of record of default Upon repaying in full the amount due on a defaulted loan made, insured, or guaranteed under this title, the Secretary, guaranty agency, or other holder of the loan shall request any consumer reporting agency to which the Secretary, guaranty agency or holder, as applicable, reported the default of the loan, to remove the record of the default from the borrower’s credit history. .