Rep. Shalala Introduces Protecting Job Opportunities for Borrowers Act (Protecting JOBs Act) Bipartisan legislation protects student loan borrowers from losing professional licenses for defaulting on student loans
WASHINGTON, DC – Today, U.S. Reps. Donna Shalala (D-FL) and Mark Walker (R-NC) introduced the Protecting Job Opportunities for Borrowers Act (Protecting JOBs Act), legislation that would prevent states from being able to suspend, revoke, or otherwise deny professional licenses solely due to borrowers falling behind on their student loan payments. Senators Marco Rubio (R-FL) and Elizabeth Warren (D-MA) have introduced companion legislation in the Senate.
“Many people take out student loans with the hope and expectation that higher education will provide an avenue to better a life,” said Rep. Shalala. “It is counter-productive and counter-intuitive to take away the livelihood that folks rely on to pay back their student loans. This bill is a common-sense solution, and I’m proud to introduce it with bipartisan support.”
“Stripping young adults of the dignity of work because of a student loan burden is counter to our American ideals and the ladder of upward mobility,” Walker said. “Instead of forcing our future leaders into a debt trap, we should be giving them every opportunity to succeed. The government should not be in the position to tell someone they don’t have the right to contribute to our communities and improve their life” stated Rep. Mark Walker.
This legislation would not alter the federal government’s current methods of collecting student loan debt. This bill would only address the states’ ability to deny, suspend, or revoke licenses solely because of someone falling behind on their federal student loan payments. It does not prevent a state from denying, suspending, or revoking a state-issued license for other reasons.
Full text of the bill can be read here.