Bill · H.R. 7671· House(119-HR-7671)
Students and Young Consumers Empowerment Act
- Introduced
- 2/25/2026
- Last activity
- 2/25/2026 — 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.
- Sponsored by
- Suzanne Bonamici
- Cosponsors
- - 4 - 0
- Introduced
- In Committee
What this bill would do
The Students and Young Consumers Empowerment Act seeks to amend the Consumer Financial Protection Act of 2010. It establishes the position of Assistant Director and Student Loan Borrower Advocate within the Bureau of Consumer Financial Protection. This role is tasked with heading a new Office for Students and Young Consumers. The bill creates a framework for coordination between the Bureau of Consumer Financial Protection and the Department of Education. This coordination aims to assist borrowers in resolving complaints regarding private education loans and Federal student loans.
Yes· 3 of 9
Would students be better off under this?+8
The bill is highly positive for students by creating an advocate and an office to support their financial interests.
Would people in their twenties and thirties be better off under this?+7
The bill directly benefits young consumers through education and improved complaint resolution for student loans.
Does this give people more protection from unfair business practices?+7
The bill enhances consumer protection by establishing a dedicated advocate and office to handle student loan complaints and market oversight.
The opposite
Does this give people more control over their personal data?-2
The bill requires data sharing between agencies which may impact privacy considerations for consumer information.
Does this protect people from being watched or searched?-2
The bill facilitates the transfer of consumer complaint data and access to databases between agencies.
Who it would affect, and how
Potential Positive Impacts for People
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Enhanced Complaint Resolution: The Assistant Director and Student Loan Borrower Advocate are tasked to accept and attempt to resolve complaints from borrowers regarding both private education loans and Federal student loans (Section 101(b)(3)).
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Improved Consumer Education: The Office for Students and Young Consumers is responsible for developing initiatives to educate and empower students, young consumers, and their families to make better informed decisions regarding consumer financial products and services (Section 101(e)(1)).
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Increased Marketplace Oversight: The Assistant Director must submit an annual report to Congress that includes an independent evaluation of risks to consumers posed by policies and practices in the student loan marketplace (Section 101(d)(1)(B)).
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Transparency in Campus Banking: An annual report must be issued analyzing the use of consumer financial products and services by students, including evaluations of contracts, revenue sharing, and fees (Section 101(d)(2)).
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Interagency Coordination: The bill establishes a framework where the Bureau and the Department of Education coordinate their supervision and oversight activities to promote the efficient use of resources (Section 202(a)(3)).
Potential Negative Impacts for People
- Data Privacy Management: While the bill includes requirements for safeguarding nonpublic information and establishing memorandums of understanding to address privacy, it involves the sharing of Department databases and consumer complaint information between agencies (Section 202(b)(1) and Section 202(b)(6)).
Groups and Interests Ranking
Every group the model scored this bill for, from -10 to +10. Hover a score for the reason it gave.
- Demographic And Interest Groups
- Good For Students+8Good For Young Adults+7Good For Low Income Households+4Good For Middle Class Households+2
- Economy And Finance
- Improves Consumer Protection+7
- Education And Technology
- Improves College Affordability+5Improves Student Loan Relief+4Improves Data Privacy-2
- Governance And Ideology
- Improves Government Transparency+5Increases Federal Power+3Improves Privacy Rights-2
- 2/25/2026
- 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.
- 4 Cosponsors added.
- Introduced in House
Janelle BynumDemocrat · Oregon
Summer LeeDemocrat · Pennsylvania
Eleanor NortonDemocrat · District of Columbia
Shri ThanedarDemocrat · Michigan