Statement By Attorney General Andrew Cuomo On The House Passage Of The
"Today, the US House of Representatives has taken the next step in closing the book on corruption in the student loan industry. Elected leaders on both sides of the aisle have demonstrated a true commitment to protecting America's students and parents from deceptive practices and conflicts of interest which are rampant in the student loan industry. The New York State Legislature passed similar legislation earlier this week which, like the Sunshine Act, will help put an end to the vicious cycle of debt perpetuated by lenders and their university partners. Congressman George Miller's leadership on this issue has been outstanding and he should be applauded for his superb work. President Bush should immediately endorse this legislation and exercise the leadership needed to get this Bill passed quickly in the Senate and signed into law."