S 1384
114th Congress
Senate
Finance and Financial Sector
Administrative law and regulatory procedures
Consumer Financial Protection Bureau
Consumer credit
Student aid and college costs
Andrew's Law
Introduced: May 19, 2015
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
May 19, 2015
Read twice and referred to the Committee on Health, Education, Labor, and Pensions.
May 19, 2015
Introduced in Senate
Plain-English summary
Andrew Prior Act or Andrew's Law
This bill 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.
The Consumer Financial Protection Bureau (CFPB) must develop necessary and appropriate safeguards to prevent fraud and abuse in the discharge of those obligations.
The CFPB may promulgate regulations to reinstate those obligations in any case in which it 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