US Congress Senate Bill 1066 (Prior Session Legislation)

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Spectrum: Bipartisan Bill
Status: Introduced on May 8 2017 - 25% progression, died in committee
Action: 2017-05-08 - Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
Pending: Senate Banking, Housing, And Urban Affairs Committee
Text: Latest bill text (Introduced) [PDF]

FAIR Student Credit Act of 2017 Federal Adjustment in Reporting Student Credit Act of 2017 This bill amends the Fair Credit Reporting Act to allow a person to request the removal of a previously reported default regarding a qualified education loan from a consumer report if: (1) the lender chooses to offer a loan-rehabilitation program that requires a number of consecutive on-time monthly payments equal to the number of payments specified in a default reduction program under the Higher Education Act of 1965, and (2) the consumer of the loan successfully and voluntarily meets the requirements of that loan-rehabilitation program. A consumer may obtain such rehabilitation benefits only once per loan. The Government Accountability Office shall report on any hurdles borrowers experience with the private loan-rehabilitation program.

FAIR Student Credit Act of 2017 Federal Adjustment in Reporting Student Credit Act of 2017

Sen. Gary Peters [D-MI]

Sen. Shelley Capito [R-WV]

Date	Chamber	Action
2017-05-08	Senate	Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.

SB2155 (Related) 2018-05-24 - Became Public Law No: 115-174.
HR905 (Similar To) 2018-05-22 - Motion to reconsider laid on the table Agreed to without objection.

Type	Source
Summary	https://www.congress.gov/bill/115th-congress/senate-bill/1066/all-info
Text	https://www.congress.gov/115/bills/s1066/BILLS-115s1066is.pdf