,i  #aafth ,,congress  #ast ,session    
,h4 ,r4 #dedd  ,,in ,,the ,,house ,,of  
,,representatives  ,september #bg1      
#bjai,ms4 ,dean introduced the following
 bill2 which was referred to the        
,committee on ,financial ,services  ,a  
,,bill  ,to amend the ,truth in ,lending
 ,act to prohibit predispute arbitration
 agreements that force arbitration of   
disputes arising from private education 
loans1 and for other purposes4  #a4     
,short title ,this ,act may be cited as 
the ,ensuring ,fair ,legal ,recourse for
 ,private ,student ,loan ,borrowers     
,act4  #b4 ,arbitration of private      
education loan disputes  7a7 ,in general
 ,section #adj of the ,truth in ,lending
 ,act 7#ae ,u4,s4,c4 #afej7 is amended  
by adding at the end the following3  7h7
 ,arbitration of private education loan 
disputes  7#a7 ,no validity or          
enforceability ,no predispute           
arbitration agreement or predispute     
joint-action waiver shall be valid or   
enforceable with respect to a dispute   

relating to a private education loan4   
7#b7 ,definitions ,in this subsection3  
7,a7 ,predispute arbitration agreement  
,the term predispute arbitration        
agreement means an agreement to         
arbitrate a dispute that has not yet    
arisen at the time of the making of the 
agreement4  7,b7 ,predispute            
joint-action waiver ,the term predispute
 joint-action waiver means an agreement1
 whether or not part of a predispute    
arbitration agreement1 that would       
prohibit1 or waive the right of1 one of 
the parties to the agreement to         
participate in a joint1 class1 or       
collective action in a judicial1        
arbitral1 administrative1 or other      
forum1 concerning a dispute that has not
 yet arisen at the time of the making of
 the agreement4  4  7b7 ,effective date 
,the amendment made by subsection 7a7   
shall take effect on the date of        
enactment of this ,act and shall apply  
with respect to any dispute or claim    
that arises or accrues on or after such 

date4