legislation: 117-s-5065
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| bill_id | congress | bill_type | bill_number | title | policy_area | introduced_date | latest_action_date | latest_action_text | origin_chamber | sponsor_name | sponsor_state | sponsor_party | sponsor_bioguide_id | cosponsor_count | summary_text | update_date | url |
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| 117-s-5065 | 117 | s | 5065 | Protect Student Borrowers Act of 2022 | Education | 2022-09-29 | 2022-09-29 | Read twice and referred to the Committee on Health, Education, Labor, and Pensions. (Sponsor introductory remarks on measure: CR S5553-5554) | Senate | Sen. Reed, Jack [D-RI] | RI | D | R000122 | 2 | Protect Student Borrowers Act of 2022 This bill requires institutions of higher education (IHEs) participating in the William D. Ford Federal Direct Loan program to accept specified risk-sharing requirements for defaulted student loans, which shall include requiring certain IHEs to make payments to address the risk of such defaults. The bill also establishes in the Treasury a separate account for the deposit of such risk-sharing payments. | 2023-08-22T14:30:29Z | https://www.congress.gov/bill/117th-congress/senate-bill/5065 |