# 119-hr-7671: Students and Young Consumers Empowerment Act

119-hr-7671, Students and Young Consumers Empowerment Act, is a 119th Congress bill sponsored by Rep. Bonamici, Suzanne [D-OR-1] (D-OR); status introduced; PRIA reads it as touching household money (as of 2026-04-21).

- Canonical: https://policyrisk.com/legislation/119-hr-7671
- As of: 2026-04-21
- Plain-text twin of the page above; the HTML and this file carry the same facts.

## Facts
- Bill: 119-hr-7671
- Congress: 119
- Title: Students and Young Consumers Empowerment Act
- Status: introduced
- Introduced: 2026-02-25
- Sponsor: Rep. Bonamici, Suzanne [D-OR-1] (D-OR)
- Cosponsors: 4
- Policy area: Finance and Financial Sector
- Touches household money: yes
- Last recorded action: 2026-04-21

## Summary

**Assistant Director and Student Loan Borrower Advocate at the CFPB** would lead a new Office for Students and Young Consumers to handle student loan complaints and coordinate oversight with the Department of Education. - Students and families would have a single place to file complaints about private and federal student loans and would get annual reports that analyze campus banking deals and marketplace risks. - Loan servicers and lenders would face new data requests and reporting duties, and the Education Department could not contract for Title IV loan servicing unless the contractor agrees to provide information the CFPB needs. - The CFPB and Education Department would sign memorandums of understanding within 60 days, hold quarterly coordination meetings, share complaint data in standardized secure formats, and transfer certain complaints within 10 days. Tax return information could be redisclosed to the CFPB for oversight subject to safeguards.

## Cosponsors (4)

- Rep. Lee, Summer L. [D-PA-12] (D-PA), 2026-02-25T00:00:00.000Z
- Rep. Bynum, Janelle S. [D-OR-5] (D-OR), 2026-02-25T00:00:00.000Z
- Del. Norton, Eleanor Holmes [D-DC-At Large] (D-DC), 2026-02-25T00:00:00.000Z
- Rep. Thanedar, Shri [D-MI-13] (D-MI), 2026-02-25T00:00:00.000Z

## Provisions PRIA read

- Student loan complaints and servicer access: benefit, medium. If enacted, the bill would require the CFPB and the Education Department to set up a joint process to take and try to resolve borrower complaints about private and Title IV loans. Each agency would send complaints it receives to the other, and for cross-jurisdiction issues must direct complaints to…
- Annual reports on student finance: benefit, low. If enacted, the bill would require annual reports about student finance. Reports would include a student loan marketplace report compiling complaints and risks, a campus banking report on school contracts, revenue sharing, marketing, and fees, and a report on risks to young consumers. Reports must…
- New consumer bureau office for students: benefit, low. If enacted, the bill would create an Office for Students and Young Consumers at the Consumer Financial Protection Bureau. The CFPB Director would appoint an Assistant Director and Student Loan Borrower Advocate to lead the Office. The bill would require an MOU within 60 days to let the Bureau acces…
- CFPB and Education data sharing rules: mixed, low. If enacted, the bill would let the CFPB collect market and provider information to study student loan and campus financial products and require covered firms to file reports when ordered. The bill would also add rules allowing Education to disclose Privacy Act records to the CFPB Assistant Director…

## Related bills

- 119-hr-9877: Health Equity and Accountability Act of 2026
- 119-hr-3151: SHIPS for America Act of 2025
- 119-hr-7977: Energy Bills Relief Act
- 119-hr-10421: Transforming Education for the Future Act
- 119-hr-7973: Momnibus Act
- 119-hr-3069: Medicare for All Act

## Sources
- [119-hr-7671 on Congress.gov](https://www.congress.gov/bill/119th-congress/house-bill/7671)

## Related
- [119-hr-9877: Health Equity and Accountability Act of 2026](https://policyrisk.com/legislation/119-hr-9877)
- [119-hr-3151: SHIPS for America Act of 2025](https://policyrisk.com/legislation/119-hr-3151)
- [119-hr-7977: Energy Bills Relief Act](https://policyrisk.com/legislation/119-hr-7977)
- [119-hr-10421: Transforming Education for the Future Act](https://policyrisk.com/legislation/119-hr-10421)
- [119-hr-7973: Momnibus Act](https://policyrisk.com/legislation/119-hr-7973)
- [119-hr-3069: Medicare for All Act](https://policyrisk.com/legislation/119-hr-3069)
- [All bills in Congress](https://policyrisk.com/legislation)

Source: PRIA, https://policyrisk.com/legislation/119-hr-7671 (as of 2026-04-21).