Legislative efforts to amend the Higher Education Act including: changes in structure of federal loan repayment programs, proposals to reconsolidate legacy FFELP loans into the Direct Loan program, changes to existing rules governing servicing of student loans, regulation of privately-issued student loans, cybersecurity and electronic privacy issues, legislation governing the loan allocation to servicers of the Department of Education's Direct Loan Program, impact of and potential changes to proposed and enacted state-level student loan servicing laws which may be inconsistent with Federal student loan servicing regulatory structure, issues related to NextGen Enhanced Processing Solution. Legislation to alter the treatment of private student loans under current bankruptcy laws. Termination of COVID federal student-loan benefits resulting from the Fiscal Responsibility Act of 2023 and implementation of federal student loan return to repayment. Development and implementation of executive actions to alter benefits within the Direct Loan Program. FY 2026 Annual Appropriations. Implementation of provisions to amend the Direct Loan Program and education-related tax provisions in H.R. 1. The One Big Beautiful Bill Act.
Legislative efforts to repeal, through congressional disapproval under chapter 8 of tile 5, United States Code, the rule submitted by the Office of the Comptroller of Currency relating to National Banks and Federal Savings Associations as Lenders. Legislation to amend the Bank Holding Company Act of 1956 to strike or alter section 2(c)(2)(H) of such act. Regulatory activity impacting financial services providers, as defined by section 1002(26) of the Dodd-Frank Act. FDIC proposed regulations impacting Industrial Banks and Parent Companies. Issues relating to Consumer Financial Protection Bureau enforcement actions against federal contractors. Legislation to align the definitions of homelessness used across federal agencies.
Legislative efforts to amend federal bankruptcy code treatment of student loan debt.