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Support for students and young consumers in financial matters

This act creates a new position within the consumer protection agency to help students and young people resolve issues with student loans and other financial products. A dedicated office will also be established for financial education for this group.
Key points
A new advocate will be created to help resolve problems with both private and federal student loans.
A new office will educate students and young people about financial products and their rights.
The advocate will analyze complaints and report on issues related to the student loan market and other financial products for young people.
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Expired
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Additional Information
Print number: 117_HR_5322
Sponsor: Rep. Bonamici, Suzanne [D-OR-1]
Process start date: 2021-09-22
Lustra uses Artificial Intelligence. Verify details in source documents.
Summarized by: gemini-2.5-flash-preview-04-17
Source data: api.congress.gov
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OFFICIAL LEGAL TITLE

Students and Young Consumers Empowerment Act

FREQUENTLY ASKED QUESTIONS

What is the official ID of this bill?

The official print number for this legislation is 117_HR_5322.

Which chamber initiated this legislation?

This legislation was initiated in the House of Representatives.

When did the legislative process begin?

The process officially started on 2021-09-22.

What are the main provisions?

Key points include:

  • A new advocate will be created to help resolve problems with both private and federal student loans.
  • A new office will educate students and young people about financial products and their rights.
  • The advocate will analyze complaints and report on issues related to the student loan market and other financial products for young people.
What is the specific legal status?

The current status is Expired.

Where can I read the full text of this legislation?

The full official text is available at: View full text

Who is the primary sponsor?

The primary sponsor is Rep. Bonamici, Suzanne [D-OR-1].

What is the latest detailed status?

The latest detailed status is: Introduced in House

Is this summary verified?

Yes. This content was analyzed by AI and verified by the Lustra Judge System on 2025-12-28.

CATEGORIES

Education Economy