# 116-hr-5294: Student Borrower Protections Act of 2019

116-hr-5294, Student Borrower Protections Act of 2019, is a 116th Congress bill sponsored by Rep. Adams, Alma S. [D-NC-12] (D-NC); status Ordered to be Reported (Amended) by the Yeas and Nays: 32 - 26. (as of 2025-11-18).

- Canonical: https://policyrisk.com/legislation/116-hr-5294
- As of: 2025-11-18
- Plain-text twin of the page above; the HTML and this file carry the same facts.

## Facts
- Bill: 116-hr-5294
- Congress: 116
- Title: Student Borrower Protections Act of 2019
- Status: Ordered to be Reported (Amended) by the Yeas and Nays: 32 - 26.
- Introduced: 2019-12-04
- Sponsor: Rep. Adams, Alma S. [D-NC-12] (D-NC)
- Cosponsors: 2
- Policy area: Education
- Touches household money: no
- Last recorded action: 2025-11-18

## Summary

Student Borrower Protections Act of 2019 This bill places requirements on lenders, servicers, or assignees of postsecondary education loans, establishes standards for reporting student loan information to consumer reporting agencies, and requires certification of certain educational lenders. Specifically, the bill establishes rules for lenders, servicers, or assignees of postsecondary education loans, including requirements related to (1) the sale, transfer, or assignment of such loans; (2) interest rate and term changes for such loans; (3) payment information required to be included with each billing cycle; and (4) application and allocation of payments. The Consumer Financial Protection Bureau (CFPB) must develop and issue model forms to allow borrowers to compare alternative repayment options, forbearance, and deferment options. The CFPB must also establish a student loan servicing interagency working group, which shall make recommendations for the regulations required under the bill. Further, the CFPB must issue rules to establish standards for the furnishing of information related to student loans to a consumer reporting agency, and any furnisher of such information must comply with such rules. A private educational lender must, in general, obtain a private loan certification from an institution of higher education before consummating any loan with a student attending such institution.

## Cosponsors (2)

- Rep. Cleaver, Emanuel [D-MO-5] (D-MO), 2019-12-09T00:00:00.000Z
- Rep. Pallone, Frank [D-NJ-6] (D-NJ), 2020-06-25T00:00:00.000Z

## Related bills

- 116-hr-8402: To direct the Joint Committee on the Library to obtain a statue of Ruth Bader Ginsburg and to place the statue in the United States Capitol in National Statuar…
- 116-hr-8270: I am Vanessa Guillén Act of 2020
- 116-hr-8015: Delivering for America Act
- 116-hr-7876: Polar Bear Cub Survival Act of 2020
- 116-hr-2: Moving Forward Act
- 116-hr-7120: George Floyd Justice in Policing Act of 2020

## Sources
- [116-hr-5294 on Congress.gov](https://www.congress.gov/bill/116th-congress/house-bill/5294)

## Related
- [116-hr-8402: To direct the Joint Committee on the Library to obtain a statue of Ruth Bader G…](https://policyrisk.com/legislation/116-hr-8402)
- [116-hr-8270: I am Vanessa Guillén Act of 2020](https://policyrisk.com/legislation/116-hr-8270)
- [116-hr-8015: Delivering for America Act](https://policyrisk.com/legislation/116-hr-8015)
- [116-hr-7876: Polar Bear Cub Survival Act of 2020](https://policyrisk.com/legislation/116-hr-7876)
- [116-hr-2: Moving Forward Act](https://policyrisk.com/legislation/116-hr-2)
- [116-hr-7120: George Floyd Justice in Policing Act of 2020](https://policyrisk.com/legislation/116-hr-7120)
- [All bills in Congress](https://policyrisk.com/legislation)

Source: PRIA, https://policyrisk.com/legislation/116-hr-5294 (as of 2025-11-18).