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119-hr-8356119th CongressWALLET

Clean Slate through Consolidation Act

Sponsored By: Representative Stevens, Haley M. [D-MI-11]

Introduced

Summary

Clears default markers from credit reports when a Federal Direct Consolidation Loan discharges a defaulted federal student loan. The bill would require the Secretary of Education, guaranty agencies, or any other holder of the discharged loan to request that consumer reporting agencies remove the default from the borrower’s credit history. The rule applies only when consolidation discharges liability on a loan made, insured, or guaranteed under the Higher Education Act. It does not force consumer reporting agencies to comply or set a deadline or remedy if they do not. Short title: Clean Slate through Consolidation Act.

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Bill Overview

Analyzed Economic Effects

1 provisions identified: 1 benefits, 0 costs, 0 mixed.

Erase default from student credit reports

If enacted, the Department of Education, a guaranty agency, or a loan holder would ask credit bureaus to remove a reported default from your credit report. This applies when you get a Federal Direct Consolidation Loan that discharges a defaulted loan made, insured, or guaranteed under the Higher Education Act. The request must be sent to any consumer reporting agency that was previously sent the default. The change would take effect upon enactment. The bill would not require credit bureaus to remove the entry or set a deadline or remedy if they do not comply.

Sponsors & CoSponsors

Sponsor

Stevens, Haley M. [D-MI-11]

MI • D

Cosponsors

  • Rep. Adams, Alma S. [D-NC-12]

    NC • D

    Sponsored 4/16/2026

  • Rep. Ross, Deborah K. [D-NC-2]

    NC • D

    Sponsored 4/16/2026

  • Rep. Williams, Nikema [D-GA-5]

    GA • D

    Sponsored 4/16/2026

Roll Call Votes

No roll call votes available for this bill.

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