Sec. 5. Recommendations
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/bill/113/s/546/is/section-5A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
Not later than 160 days after the date of enactment of this Act, the Secretary of Education and the Director of the Consumer Financial Protection Bureau shall prepare and submit to Congress a report containing joint recommendations relating to the inclusion of private student loans into the National Student Loan Data System established under section 485B of the Higher Education Act of 1965 ( 20 U.S.C. 1092b ). The Secretary of the Treasury, acting through the President’s Advisory Council on Financial Capability and the Financial Literacy and Education Commission (FLEC), shall prepare and submit to Congress a report containing recommendations about information that should be included in financial literacy counseling for first-time student loan borrowers.
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