,i  #aafth ,,congress  #b;d ,session    
,h4 ,r4 #hjbh  ,,in ,,the ,,house ,,of  
,,representatives  ,august #aa1         
#bjbj,mr4 ,vela introduced the following
 bill2 which was referred to the        
,committee on ,financial ,services  ,a  
,,bill  ,to amend the ,equal ,credit    
,opportunity ,act to prohibit           
discrimination based on an applicant's  
institution of higher education1 and for
 other purposes4  #a4 ,short title ,this
 ,act may be cited as the ,protect      
,minority ,student ,borrowers ,act4  #b4
 ,scope of prohibition  7a7 ,prohibited 
discrimination ,section #gja of the     
,equal ,credit ,opportunity ,act 7#ae   
,u4,s4,c4 #afia7 is amended-- 7#a7 by   
redesignating subsections 7b7 through   
7e7 as subsections 7c7 through 7f71     
respectively2 and  7#b7 by inserting    
after subsection 7a7 the following3  7b7
 7#a7 ,it shall be unlawful for any     
private education lender to discriminate
 against any applicant1 with respect to 
any aspect of a credit transaction1 on  

the basis of the institution of higher  
education an applicant intends to       
attend1 presently attends1 or previously
 attended1 including whether such       
institution is a minority-serving       
institution4  7#b7 ,in this subsection3 
7,a7 ,the term institution of higher    
education has the meaning given such    
term in section #aja7;a7 of the ,higher 
,education ,act of #aife 7#bj ,u4,s4,c4 
#ajja7;a774  7,b7 ,the term             
minority-serving institution means an   
institution of higher education         
described in section #cga7;a7 of the    
,higher ,education ,act of #aife 7#bj   
,u4,s4,c4 #ajfgq7a774  7,c7 ,the term   
private education lender has the meaning
 given such term in section #adj7;a7 of 
the ,truth ,in ,lending ,act 7#ae       
,u4,s4,c4 #afej7;a774  4  7b7 ,civil    
liability ,section #gjf7;g7 of the      
,equal ,credit ,opportunity ,act 7#ae   
,u4,s4,c4 #afia;e7g77 is amended by     
striking section #gja7;a7 each place it 
appears and inserting subsection 7a7 or 

7b7 of section #gja4  7c7 ,conforming   
amendment ,section #fjc7k7 of the ,fair 
,credit ,reporting ,act 7#ae ,u4,s4,c4  
#afha;a7k77 is amended by striking      
#gja7;d77#f7 each place it appears and  
inserting #gja7;e77#f74  #c4 ,study and 
report on lending discrimination  7a7   
,study ,the ,comptroller ,general of the
 ,united ,states shall conduct a study  
on-- 7#a7 whether private education     
lenders 7as defined in section #adj7;a7 
of the ,truth in ,lending ,act 7#ae     
,u4,s4,c4 #afej7;a777 discriminate      
against applicants who intend to attend1
 currently attend1 or previously        
attended minority-serving institutions  
of higher education 7as described in    
section #cga7;a7 of the ,higher         
,education ,act of #aife 7#bj ,u4,s4,c4 
#ajfgq7a7772 and  7#b7 the extent of    
such discrimination1 if any4  7b7       
,report ,not later than #a year after   
the date of enactment of this ,act1 the 
,comptroller ,general of the ,united    
,states shall submit to ,congress a     

report that contains the results of the 
study conducted under subsection 7a74