Bills · HR 7671
IN COMMITTEE· 119TH CONGRESS
House BillHR 7671Finance and Financial Sector
Students and Young Consumers Empowerment Act
INTRO FEB 25· LAST ACTION FEB 25
READING
17MIN
COSPONSORS
4
READER REACTIONS0 TOTAL
NO VOTES YET · BE THE FIRST
- Introduced only
LEGISLATIVE PROGRESS
STEP 2 / 8Introduced
In Committee
Reported
Passed House
Passed Senate
Conference
To President
Became Law
WHAT THE BILL DOES
AI-writtenVoters should care about this bill because it aims to provide a clearer path for student loan borrowers to resolve issues with their loans and seeks to increase transparency in the student loan market. Given the significant amount of student loan debt in the U.S., this bill could lead to more efficient complaint handling and better protection against unfair practices by lenders and servicers. If this bill becomes law, borrowers could find it easier to get help with loan problems, and there would be more public information about the risks and practices in the student loan and youth consumer markets. If it doesn't pass, the existing complaint resolution processes would remain, and the specific focus on student loans and young consumers within the CFPB, along with mandated inter-agency coordination and reporting, would not be established.
KEY PROVISIONS
4AI-extractedPROVISION 01
Establishes the position of Assistant Director and Student Loan Borrower Advocate within the Bureau of Consumer Financial Protection (CFPB).
This creates a dedicated senior official focused specifically on student loan borrower issues and heading a new office.
PROVISION 02
Requires the Assistant Director to enter into a memorandum of understanding (MOU) with the Department of Education to coordinate complaint resolution and authorize access to relevant Department of Education data.
This mandates inter-agency cooperation and data sharing to provide comprehensive assistance to student loan borrowers and improve oversight.
PROVISION 03
Mandates annual reports on the student loan marketplace, campus banking practices, and risks to young consumers.
These reports would provide public transparency and independent analysis of financial risks and practices affecting students and young people.
PROVISION 04
Establishes the Office for Students and Young Consumers, responsible for educating and empowering students and coordinating consumer protection efforts.
This creates a dedicated office to proactively educate and protect young people from predatory financial practices.
SPONSORSHIP
1 + 4
D· Oregon
YRS IN OFFICE
14
BILLS LED
67
COSPONSOR BREAKDOWNBIPARTISAN · 0%
DEM 4 REP 0 IND 0
ACTION TIMELINE
2 EVENTSFEB 25
Introduced in House
FEB 25
Referred to the Committee on Education and Workforce, and in addition to the Committees on Financial Services, and Ways and Means, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.
BILL INFO
TypeHouse Bill
NumberHR 7671
Congress119th
StatusIn Committee
IntroducedFeb 25, 2026
Last actionFeb 25, 2026
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IN COMMITTEE· 119TH CONGRESS · WAYS AND MEANS COMMITTEE · INTRODUCED FEB 25, 2026
House BillHR 7671Finance and Financial Sector
Students and Young Consumers Empowerment Act
INTRODUCED FEB 25, 2026· LAST ACTION FEB 25, 2026
PASSAGE CHANCES
—%
READING
17 min
COSPONSORS
4
COMPLEXITY
Moderate
