3.0.0 3092 2023-01-11T13:49:52Z 2023-01-11T13:49:52Z House HR 2021-05-11 117 [Congressional Record Volume 167, Number 81 (Tuesday, May 11, 2021)][House]From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]By Ms. CRAIG:H.R. 3092.Congress has the power to enact this legislation pursuantto the following:Article I, Section 8, Clause 1``The Congress shall have Power to . . . provide for the .. . general Welfare of the United States; . . .''[Page H2195]]]> hsba00 Financial Services Committee House Standing Referred to 2021-05-11T18:00:41Z Comprehensive Debt Collection Improvement Act 117 2547 HR 2021-05-17 Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs. Related bill CRS Ryan Frascone Memorial Student Loan Relief Act of 2021 117 2544 S 2021-07-29 Read twice and referred to the Committee on Banking, Housing, and Urban Affairs. Related bill CRS 2021-05-11 Referred to the House Committee on Financial Services. IntroReferral H11100 2 House floor actions hsba00 Financial Services Committee 2021-05-11 Introduced in House IntroReferral Intro-H 9 Library of Congress 2021-05-11 Introduced in House IntroReferral 1000 9 Library of Congress C001119 Rep. Craig, Angie [D-MN-2] Angie Craig D MN 2 N Finance and Financial Sector Bankruptcy Consumer credit Education programs funding Higher education Student aid and college costs Finance and Financial Sector 00 2021-05-11 Introduced in House 2021-09-10T12:06:44Z Ryan Frascone Memorial Student Loan Relief Act of 2021

This bill retroactively applies certain borrower protections related to cosigners of private student loans. Specifically, all private student loan agreements must (1) prohibit creditors from declaring a default or accelerating the debt of a private student loan on the sole basis of the death or bankruptcy of a cosigner to such a loan, and (2) require loan holders to release a cosigner from any obligation upon the death of the student borrower. Under current law, these protections apply only to private student loan agreements entered into on or after November 20, 2018.

Additionally, the Department of the Treasury must establish a program to purchase and retire such private student loans from loan holders suffering financial injury as a result of this bill.

]]> Ryan Frascone Memorial Student Loan Relief Act of 2021 Display Title Ryan Frascone Memorial Student Loan Relief Act of 2021 Official Title as Introduced To adjust the applicability of certain amendments to the Truth in Lending Act, and for other purposes. Introduced in House IH Short Title(s) as Introduced Ryan Frascone Memorial Student Loan Relief Act of 2021 Introduced in House IH Introduced in House 2021-05-11T04:00:00Z https://www.govinfo.gov/content/pkg/BILLS-117hr3092ih/xml/BILLS-117hr3092ih.xml 2021-05-11 Referred to the House Committee on Financial Services. text/xml EN Pursuant to Title 17 Section 105 of the United States Code, this file is not subject to copyright protection and is in the public domain. Congressional Research Service, Library of Congress This file contains bill summaries and statuses for federal legislation. A bill summary describes the most significant provisions of a piece of legislation and details the effects the legislative text may have on current law and federal programs. Bill summaries are authored by the Congressional Research Service (CRS) of the Library of Congress. As stated in Public Law 91-510 (2 USC 166 (d)(6)), one of the duties of CRS is "to prepare summaries and digests of bills and resolutions of a public general nature introduced in the Senate or House of Representatives". For more information, refer to the User Guide that accompanies this file.