S 1773
113th Congress
Senate
Finance and Financial Sector
Administrative law and regulatory procedures
Consumer Financial Protection Bureau
Consumer credit
Disability and paralysis
Student aid and college costs
Andrew's Law
Introduced: November 21, 2013
Introduced by:
Schumer, Charles E.
Democratic
· New York
See on congress.gov
Everywhere this bill has been
2 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Nov 21, 2013
Read twice and referred to the Committee on Health, Education, Labor, and Pensions.
Nov 21, 2013
Introduced in Senate
Plain-English summary
Andrew Prior Act or Andrew's Law - Amends the Truth in Lending Act to discharge the repayment obligations of the estate of a borrower and any cosigner of a private educational loan if the borrower dies or is totally and permanently disabled.
Requires the Director of the Consumer Financial Protection Bureau (CFPB) to develop necessary and appropriate safeguards to prevent fraud and abuse in the discharge of those obligations.
Authorizes the Director to promulgate regulations to reinstate those obligations in any case in which the Director determines that doing so is necessary to protect the public interest.
What's happening now
Read twice and referred to the Committee on Health, Education, Labor, and Pensions.
Committees of jurisdiction
1