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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 assist students and young people with student loan issues and other financial products. It aims to simplify complaint processes and improve coordination among various agencies, ensuring citizens can more easily access help and protect their financial rights.
Key points
Establishes a Student Loan Borrower Advocate to help resolve issues with student loans.
Creates an Office for Students and Young Consumers to educate and support young people in making informed financial decisions.
Enhances coordination between government agencies for better protection of student and young consumer financial rights.
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Status:
Expired
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Additional Information
Print number: 118_HR_6692
Sponsor: Rep. Bonamici, Suzanne [D-OR-1]
Process start date: 2023-12-11
System Note: Lustra is free, publicly auditable civic infrastructure, with full source code available on GitHub. You are reading sterilized legislative data, processed by our radical neutrality engine to strip political spin and retain factual mechanics. We process only official government data. Original documents remain the authoritative source, always verify them if you can.
Summarized by: gemini-2.5-flash-preview-05-20
Source data: api.congress.gov
AI work logs for this document launch

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 118_HR_6692.

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 2023-12-11.

What are the main provisions?

Key points include:

  • Establishes a Student Loan Borrower Advocate to help resolve issues with student loans.
  • Creates an Office for Students and Young Consumers to educate and support young people in making informed financial decisions.
  • Enhances coordination between government agencies for better protection of student and young consumer financial rights.
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 2025-12-25.

What is the impact of this bill?

We don't know, that is up to you to decide. Summarizing raw data with AI is fundamentally different from predicting socio-economic outcomes. As of 2026, we believe impact assessment strictly requires a human in the loop to verify and judge.

CATEGORIES

Education Economy