Skip to main content
S 1066 115th Congress Senate Finance and Financial Sector Congressional oversight Consumer credit Government studies and investigations Higher education Student aid and college costs

FAIR Student Credit Act of 2017

Introduced: May 8, 2017 Introduced by: Peters, Gary C. Democratic · Michigan See on congress.gov
Sign in to write a letter Sign in to watch
This bill died when the 115th Congress ended
It never became law before the 115th Congress (2017–2018) adjourned, and bills don't carry over to the next Congress. It would have to be reintroduced. You can still save it for reference, but it won't receive updates.
 Everywhere this bill has been 2 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
May 8, 2017
Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
May 8, 2017
Introduced in Senate
 Ask about this bill AI · grounded in the bill text

Have a question about what this bill does? Ask in plain English; the answer is drawn from the bill's actual text and official record, and it'll tell you when something isn't in the text rather than guess.

AI answers can be imperfect; always confirm against the full bill text.

 Plain-English summary Congressional Research Service

Federal Adjustment in Reporting Student Credit Act of 2017 or the FAIR 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.

What's happening now May 8, 2017

Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.

 Related & companion bills 1
  • S 2155 Related bill Economic Growth, Regulatory Relief, and Consumer Protection Act
 Bill text 1 version

Source documents hosted by congress.gov.

 Committees of jurisdiction 1
 Cosponsors 1
All 1 Republican 1
R
Capito, Shelley Moore
West Virginia · May 8, 2017
Cite this page click to expand
APA
U.S. Congress. (2026). S. 1066: FAIR Student Credit Act of 2017. 115th Congress. Open America. https://openamerica.io/bill/115-S-1066/
MLA
"S. 1066: FAIR Student Credit Act of 2017." 115th Congress, 2026, Open America, https://openamerica.io/bill/115-S-1066/.
Bluebook (legal)
S. 1066, 115th Cong. (2026), https://openamerica.io/bill/115-S-1066/.
Markdown link
[S. 1066: FAIR Student Credit Act of 2017](https://openamerica.io/bill/115-S-1066/)
Report a problem