,i  #aafth ,,congress  #b;d ,session    
,h4 ,r4 #hjci  ,,in ,,the ,,house ,,of  
,,representatives  ,august #ad1         
#bjbj,ms4 ,fudge 7for herself and ,mrs4 
,beatty7 introduced the following bill2 
which was referred to the ,committee on 
,financial ,services  ,a ,,bill  ,to    
require the ,bureau of ,consumer        
,financial ,protection to conduct an    
assessment of the use of certain        
educational data in determining the     
creditworthiness of an applicant1 and   
for other purposes4  #a4 ,short title   
,this ,act may be cited as the          
,examining ,educational ,redlining in   
,lending ,act4  #b4 ,assessment of      
certain educational data  7a7           
,assessment ,not later than #ahj days   
after the date of the enactment of this 
,act and annually thereafter1 the       
,bureau of ,consumer ,financial         
,protection 7referred to in this section
 as the ,bureau7 shall1 in coordination 
with relevant executive agencies and    
national civil rights stakeholders1     

assess-- 7#a7 the use of certain        
educational data by covered persons in  
determining the creditworthiness of an  
applicant2  7#b7 the use of an          
underwriting process that involves      
gathering data points and creating      
applicant profiles1 including automated 
or algorithmic processes1 and the risks 
of such use1 by covered persons to      
determine the creditworthiness of an    
applicant2 and  7#c7 what policies and  
guidelines are in place to ensure       
decisions do not result in a disparate  
impact on a protected class4  7b7       
,report to ,congress ,not later than #fj
 days after the completion of each      
assessment required under subsection 7a7
 and annually thereafter1 the ,bureau   
shall submit to the ,committee on       
,financial ,services of the ,house of   
,representatives and the ,committee on  
,banking1 ,housing1 and ,urban ,affairs 
of the ,senate the findings of such     
assessment and any recommendations based
 on such findings4  7c7 ,publication    

,not later than #cj days after the      
completion of the assessment required   
under subsection 7a71 the ,bureau shall 
make available on a publicly accessible 
website-- 7#a7 the findings of the      
assessment under subsection 7a72  7#b7 a
 list of all covered persons that use   
certain educational data2 and  7#c7 a   
list of all covered persons that use an 
underwriting process that involves      
gathering data points and creating      
applicant profiles1 including automated 
or algorithmic processes1 to determine  
the creditworthiness of an applicant4   
7d7 ,definitions ,in this section3 7#a7 
,applicant's background ,the term       
applicant's background includes data    
related to or derived from the          
following3 7,a7 ,attendance at an       
academic institution4  7,b7 ,academic   
majors pursued at an academic           
institution4  7,c7 ,grades or test      
scores from or used for admission into  
an academic institution4  7,d7          
,educational attainment4  7#b7 ,certain 

educational data ,the term certain      
educational data means data1 including  
non-individualized data1 that indicates 
or is created1 derived1 or inferred from
 an applicant's background including    
whether an applicant has attended any of
 the following3 7,a7 ,an eligible       
institution4  7,b7 ,a junior or         
community college4  7#c7 ,covered person
 ,the term covered person has the       
meaning given such term in section #ajjb
 of the ,consumer ,financial ,protection
 ,act of #bjaj 7#ab ,u4,s4,c4 #edha74   
7#d7 ,eligible institution ,the term    
eligible institution has the meaning    
given that term in section #cga7;a7 of  
the ,higher ,education ,act of #aife    
7#bj ,u4,s4,c4 #ajfgq7a774  7#e7 ,junior
 or community college ,the term junior  
or community college has the meaning    
given that term in section #cab7;f7 of  
the ,higher ,education ,act of #aife    
7#bj ,u4,s4,c4 #ajeh7;f774