To strengthen requirements for contracts between the Department of Education and Federal student loan servicers, and for other purposes.
Analysis under review: This bill has generated analysis that may be too generic or incomplete. Clause-level evidence remains available below.
Summary
What This Bill Does
This bill, To strengthen requirements for contracts between the Department of Education and Federal student loan servicers, and for other purposes., changes federal law or congressional policy affecting federal agencies and legislative administrators. The main policy domain is Government Operations, Education, Finance.
Who Benefits and How
federal agencies and legislative administrators may benefit from new authority, funding, eligibility, regulatory clarity, or reduced risk created by the bill.
Who Bears the Burden and How
federal implementing agencies may take on implementation duties, reporting obligations, compliance costs, or oversight responsibilities.
Key Provisions
- Section H71507B0B5F96490A846A10B8B52B9C67: 1. Short title This Act may be cited as the Student Loan Servicers Accountability Act of 2024.
- Section H8E4D7B89EF2C4E34BAF266E8B5002BAA: 2. Contract requirements for Federal student loan servicers Part G of title IV of the Higher Education Act of 1965 (20 U.S.C. 1088 et seq.) is amended by...
- Section H247A96F0BC8646C6982736DB0A131882: 494A. Contract requirements for Federal student loan servicers Before entering into a contract or other agreement with a Federal student loan servicer for the...
- Section H65614FB0A92D4446B947BEF9EF0349AD: 3. Comptroller General study and report The Comptroller General of the United States shall conduct a study— to determine how and to what extent the transfer of...
Evidence Chain:
This summary is generated from the full bill text using AI analysis. Expand "Detailed Analysis" below for identified beneficiaries/burden bearers with clause-level evidence links.
At a Glance
What This Bill Does
This bill, To strengthen requirements for contracts between the Department of Education and Federal student loan servicers, and for other purposes., changes federal law or congressional policy affecting federal agencies and legislative administrators.
Key Policy Areas
Government Operations, Education, Finance
Primary Purpose
This bill, To strengthen requirements for contracts between the Department of Education and Federal student loan servicers, and for other purposes., changes federal law or congressional policy affecting federal agencies and legislative administrators.
Policy Domains
Whole bill
Identified Gains
- federal agencies and legislative administrators
Identified Costs
- federal implementing agencies
Sponsors
Legislative Progress
IntroducedMr. Wyden (for himself, Ms. Klobuchar, Mr. Van Hollen, and …
Impact analysis is available but no clear stakeholder effects identified. View clause-level analysis →
Bill Structure & Actor Mappings
Who is "The Secretary" in each section?
- "the_secretary"
- → The Secretary identified in the operative section
Key Definitions
Terms defined in this bill
a contract between the Department and a Federal student loan servicer that— was entered into before the date that is 90 days after the date of enactment of the Student Loan Servicers Accountability Act of 2024
a contract between the Department and a Federal student loan servicer that— was entered into before the date that is 90 days after the date of enactment of the Student Loan Servicers Accountability Act of 2024
We use a combination of our own taxonomy and classification in addition to large language models to assess meaning and potential beneficiaries. High confidence means strong textual evidence. Always verify with the original bill text.
Learn more about our methodology