hold on there's just too much going on in Congress lmao...
Creates student loan advocate and improves complaint handling at federal level.
Rep. Suzanne Bonamici (D-OR) and four co-sponsors.
Introduced in the House of Representatives.
This bill establishes an Assistant Director and Student Loan Borrower Advocate within the Consumer Financial Protection Bureau (CFPB) to help resolve student loan complaints and oversee the market. It also sets up a formal system for the CFPB and Department of Education to share information and coordinate efforts. The bill was introduced by Rep. Suzanne Bonamici, a Democrat from Oregon, and has been referred to three House committees for review. 'Introduced' means it's the very first step in the legislative process; it has not yet been voted on by any committee or the full House.
Introduced Feb 25, 2026
The bill was introduced in the House of Representatives on February 25, 2026. It has been sent to the House Committees on Education and Workforce, Financial Services, and Ways and Means for consideration. It must pass through these committees, be voted on by the full House, then pass through the Senate committees and a full Senate vote, before potentially being signed into law by the President. As of now, it has not moved past the introduction stage.
If this bill becomes law, a new Assistant Director and Student Loan Borrower Advocate will be appointed to lead an office focused on student financial products. This advocate will accept and work to resolve your complaints about both federal and private student loans, including issues with lenders, servicers, and debt collectors. The bill also requires the CFPB and Department of Education to coordinate more closely, meaning your complaints might be handled more efficiently across agencies. Additionally, the new advocate would issue annual reports analyzing risks in the student loan marketplace and how financial products are used on college campuses, potentially leading to increased protections.
Supporters Say
Supporters argue the bill strengthens consumer protection for student loan borrowers and increases government accountability.
Critics Say
Critics might suggest it creates unnecessary bureaucracy or duplicates existing functions within government agencies.
Those in favor would likely highlight how a dedicated advocate and improved interagency coordination could better protect students and young consumers from predatory practices and streamline the process for resolving loan-related issues. They may point to the need for specific oversight in the complex student loan market. Opponents, however, might argue that the new position and coordination requirements could add layers of bureaucracy without significantly improving outcomes, or that existing roles within the CFPB and Department of Education already address these concerns.