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Comprehensive Debt Collection Improvement Act

Floor Speech

Date: May 13, 2021
Location: Washington, DC
Issues: Business and Consumers

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Ms. WILLIAMS of Georgia. Mr. Speaker, I rise today in support of Chair Waters' Comprehensive Debt Collection Improvement Act and amendments that I have been able to make to the bill.

Our work in Congress must focus on how to make life better for the most marginalized in our communities. This bill centers that goal by ensuring fair debt collection and consumer protection. Today, I am offering two amendments to further advance that work.

Currently, a borrower's credit score isn't negatively affected if they miss a Federal student loan payment during the pandemic. This protection was made possible with bipartisan support. It is time that we extend the same protection to private student loan borrowers, and I am happy to have partnered with Congresswoman Alma Adams to advance an amendment that does just that.

I also authored an amendment that commissions a report to analyze racial disparities in debt collection practices and recommend solutions. Additional study in this area will help us ensure greater equity going forward.

I urge my colleagues to support these amendments and the overall bill before us today.

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