I 118th CONGRESS 1st Session H. R. 4635 IN THE HOUSE OF REPRESENTATIVES July 13, 2023 Ms. Ross (for herself, Ms. Stevens , Ms. Williams of Georgia , and Ms. Adams ) introduced the following bill; which was referred to the Committee on Education and the Workforce 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 2023 . 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: 495. 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 any adverse item of information relating to such loan from the borrower's credit history. .