US SB1066 | 2017-2018 | 115th Congress
Status
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]
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]
Summary
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.
Title
FAIR Student Credit Act of 2017 Federal Adjustment in Reporting Student Credit Act of 2017
Sponsors
Sen. Gary Peters [D-MI] | Sen. Shelley Capito [R-WV] |
History
Date | Chamber | Action |
---|---|---|
2017-05-08 | Senate | Read twice and referred to the Committee on Banking, Housing, and Urban Affairs. |
Same As/Similar To
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.
HR905 (Similar To) 2018-05-22 - Motion to reconsider laid on the table Agreed to without objection.
Subjects
Congressional oversight
Consumer credit
Finance and financial sector
Government studies and investigations
Higher education
Student aid and college costs
Consumer credit
Finance and financial sector
Government studies and investigations
Higher education
Student aid and college costs
US Congress State Sources
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 |