US Congress Senate Bill 2180 (Prior Session Legislation)

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Spectrum: Partisan Bill (Democrat 4-0)
Status: Introduced on November 30 2017 - 25% progression, died in committee
Action: 2017-11-30 - Read twice and referred to the Committee on Health, Education, Labor, and Pensions.
Pending: Senate Health, Education, Labor, And Pensions 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

Sen. Robert Menendez [D-NJ]

Sen. Elizabeth Warren [D-MA]

Sen. Cory Booker [D-NJ]

Sen. Kirsten Gillibrand [D-NY]

Date	Chamber	Action
2017-11-30	Senate	Read twice and referred to the Committee on Health, Education, Labor, and Pensions.

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/2180/all-info
Text	https://www.congress.gov/115/bills/s2180/BILLS-115s2180is.pdf