,i  #aaf? ,,congress  #a/ ,session  ,h4 
,r4 #dedd  ,,9 ,,! ,,h\se ,,(           
,,repres5tatives  ,septemb] #bg1        
#bjai,ms4 ,dean introduc$ ! foll[+ bill2
 :i* 0 ref]r$ to ! ,committee on        
,f9ancial ,s]vices  ,a ,,bill  ,to am5d 
! ,tru? 9 ,l5d+ ,act to prohibit        
pr$ispute arbitration agreem5ts t =ce   
arbitration ( disputes aris+ f private  
education loans1 & = o!r purposes4  #a4 
,%ort title ,?is ,act may be cit$ z !   
,ensur+ ,fair ,legal ,rec\rse = ,private
 ,/ud5t ,loan ,borr[]s ,act4  #b4       
,arbitration ( private education loan   
disputes  7a7 ,9 g5]al ,section #adj ( !
 ,tru? 9 ,l5d+ ,act 7#ae ,u4,s4,c4      
#afej7 is am5d$ by add+ at ! end !      
foll[+3  7h7 ,arbitration ( private     
education loan disputes  7#a7 ,no       
validity or en=ceability ,no pr$ispute  
arbitration agreem5t or pr$ispute       
jo9t-action waiv] %all be valid or      
en=ceable ) respect to a dispute relat+ 
to a private education loan4  7#b7      
,def9itions ,9 ?is subsection3 7,a7     

,pr$ispute arbitration agreem5t ,! t]m  
pr$ispute arbitration agreem5t means an 
agreem5t to arbitrate a dispute t has n 
yet aris5 at ! "t ( ! mak+ ( ! agreem5t4
  7,b7 ,pr$ispute jo9t-action waiv] ,!  
t]m pr$ispute jo9t-action waiv] means an
 agreem5t1 :e!r or n "p ( a pr$ispute   
arbitration agreem5t1 t w\ld prohibit1  
or waive ! "r (1 "o ( ! p>ties to !     
agreem5t to p>ticipate 9 a jo9t1 class1 
or collective action 9 a judicial1      
arbitral1 adm9i/rative1 or o!r =um1     
conc]n+ a dispute t has n yet aris5 at !
 "t ( ! mak+ ( ! agreem5t4  4  7b7      
,effective date ,! am5dm5t made by      
subsection 7a7 %all take effect on !    
date ( enactm5t ( ?is ,act & %all apply 
) respect to any dispute or claim t     
arises or accrues on or aft] su* date4