House Bill 5287
116th Congress(2019-2020)
Fair Student Loan Debt Collection Practices Act
Introduced
Introduced in House on Dec 3, 2019
Origin Chamber
House
Type
Bill
Bill
The primary form of legislative measure used to propose law. Depending on the chamber of origin, bills begin with a designation of either H.R. or S. Joint resolution is another form of legislative measure used to propose law.
Bill Number
5287
Congress
116
Policy Area
Finance and Financial Sector
Finance and Financial Sector
Primary focus of measure is U.S. banking and financial institutions regulation; consumer credit; bankruptcy and debt collection; financial services and investments; insurance; securities; real estate transactions; currency. Measures concerning financial crimes may fall under Crime and Law Enforcement. Measures concerning business and corporate finance may fall under Commerce policy area. Measures concerning international banking may fall under Foreign Trade and International Finance policy area.
No House votes have been held for this bill.
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.
December 3, 2019
12/19/2019
Referred to the Subcommittee on Antitrust, Commercial, and Administrative Law.
12/11/2019
Ordered to be Reported (Amended) by the Yeas and Nays: 32 - 24.
12/11/2019
Committee Consideration and Mark-up Session Held.
12/10/2019
Committee Consideration and Mark-up Session Held.
12/03/2019
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.
12/03/2019
Introduced in House
Public Record
Record Updated
Oct 28, 2022 1:46:08 AM