HR 5287
116th Congress
House
Finance and Financial Sector
Debt collection
Government lending and loan guarantees
Student aid and college costs
Fair Student Loan Debt Collection Practices Act
Introduced: December 3, 2019
See on congress.gov
Everywhere this bill has been
6 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Dec 19, 2019
Referred to the Subcommittee on Antitrust, Commercial, and Administrative Law.
Dec 11, 2019
Ordered to be Reported (Amended) by the Yeas and Nays: 32 - 24.
Dec 11, 2019
Committee Consideration and Mark-up Session Held.
Dec 10, 2019
Committee Consideration and Mark-up Session Held.
Dec 3, 2019
Referred to the Committee on Financial Services, and in addition to the Committees on the Judiciary, and Education and Labor, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.
Dec 3, 2019
Introduced in House
Plain-English summary
Fair Student Loan Debt Collection Practices Act
This bill prohibits a debt collector from collecting on federal student loan debt owed by a borrower earning under a certain income. Specifically, a federal student loan debt collector may not attempt to collect if a borrower would qualify for a zero-dollar payment under an income-driven repayment plan. Additionally, a debt collector may not attempt to collect an amount greater than the payment the borrower would owe under such a plan.
What's happening now
Referred to the Subcommittee on Antitrust, Commercial, and Administrative Law.
Cosponsors
1