3.0.0 2544 2023-01-01T23:42:26Z 2023-01-01T23:42:26Z Senate S 2021-07-29 117 ssbk00 Banking, Housing, and Urban Affairs Committee Senate Standing Referred to 2021-07-29T16:45:58Z 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 3092 HR 2021-05-11 Referred to the House Committee on Financial Services. Related bill CRS 2021-07-29 ssbk00 Banking, Housing, and Urban Affairs Committee Senate Read twice and referred to the Committee on Banking, Housing, and Urban Affairs. IntroReferral 2021-07-29 Introduced in Senate IntroReferral 10000 9 Library of Congress S001203 Sen. Smith, Tina [D-MN] Tina Smith D MN N V000128 Sen. Van Hollen, Chris [D-MD] Chris Van Hollen D MD 2021-07-29 True Finance and Financial Sector Finance and Financial Sector 00 2021-07-29 Introduced in Senate 2021-09-13T17:36:53Z 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 Official Title as Introduced A bill to adjust the applicability of certain amendments to the Truth in Lending Act, and for other purposes. Introduced in Senate IS Display Title Ryan Frascone Memorial Student Loan Relief Act of 2021 Short Title(s) as Introduced Ryan Frascone Memorial Student Loan Relief Act of 2021 Introduced in Senate IS Introduced in Senate 2021-07-29T04:00:00Z https://www.govinfo.gov/content/pkg/BILLS-117s2544is/xml/BILLS-117s2544is.xml 2021-07-29 Read twice and referred to the Committee on Banking, Housing, and Urban Affairs. 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.