US Congress House Bill 3474 (Prior Session Legislation)

---

Spectrum: Partisan Bill (Democrat 5-0)
Status: Introduced on September 10 2015 - 25% progression, died in committee
Action: 2016-03-23 - Referred to the Subcommittee on Higher Education and Workforce Training.
Pending: House Subcommittee on Higher Education and Workforce Training Committee
Text: Latest bill text (Introduced) [PDF]

Christopher Bryski Student Loan Protection Act Christopher's Law This bill amends the Truth in Lending Act to require a private student loan lender to disclose clearly and conspicuously in writing a cosigner's obligations regarding a private student loan. The Consumer Financial Protection Bureau (CFPB) must publish a model form for such disclosure. The bill prohibits a private student loan lender from taking an adverse action against a borrower (e.g., placing a loan in default or accelerating a loan balance) upon a cosigner's death, disability, or bankruptcy. It also prohibits adverse actions against a cosigner for a borrower's death, disability, or bankruptcy. The CFPB must establish and a private student loan lender must disclose criteria for releasing a cosigner from a private student loan obligation. A private student loan lender must also: provide prompt notice of a cosigner's release; allow a borrower to designate a legal representative to make decisions upon the death or disability of such borrower; and

Christopher Bryski Student Loan Protection Act Christopher's Law

Rep. Bill Pascrell [D-NJ]	Rep. Marcy Kaptur [D-OH]	Rep. Bonnie Coleman [D-NJ]	Rep. Donald Payne [D-NJ]
Rep. Frank Pallone [D-NJ]

Date	Chamber	Action
2016-03-23	House	Referred to the Subcommittee on Higher Education and Workforce Training.
2015-09-10	House	Referred to House Education and the Workforce
2015-09-10	House	Referred to House Financial Services
2015-09-10	House	Referred to the Committee on Financial Services, and in addition to the Committee on Education and the Workforce, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.
2015-09-10	House	Introduced in House

SB1958 (Same As) 2015-08-05 - Read twice and referred to the Committee on Health, Education, Labor, and Pensions.

Type	Source
Summary	https://www.congress.gov/bill/114th-congress/house-bill/3474/all-info
Text	https://www.congress.gov/114/bills/hr3474/BILLS-114hr3474ih.pdf