H.R. 2561 · 113th Congress
FAIR Student Credit Act of 2013
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Never voted on. It didn't reach a floor vote before the 113th Congress ended, so it expired. A bill has to be introduced again to be considered in a new Congress.
D
PetersSponsor19 cosponsors · 11 D, 8 R
R
Bachus
JB
D
Beatty
SC
R
Capito
MG
R
Grimm
CM
D
Maloney
TP
R
Petri
JP
D
Polis
MS
R
Stutzman
NV
D
Velázquez
SD
R
Duffy
MC
D
Capuano
JC
D
Carney
JD
D
Delaney
GM
D
Meeks
CR
D
Rangel
BL
D
Lee
TW
R
Walberg
MC
D
Cartwright
FU
R
Upton9 signed on when it was introduced; the rest joined later. Cosponsors who withdrew aren't shown.
Federal Adjustment in Reporting Student Credit Act of 2013 or the FAIR Student Credit Act of 2013 - Amends the Fair Credit Reporting Act, with respect to the responsibilities of furnishers of information to consumer reporting agencies, to provide for the removal of a previously reported default regarding a qualified education loan from a consumer report if…
What it does: CRS summary · Introduced in House · Jun 27, 2013
Federal Adjustment in Reporting Student Credit Act of 2013 or the FAIR Student Credit Act of 2013 - Amends the Fair Credit Reporting Act, with respect to the responsibilities of furnishers of information to consumer reporting agencies, to provide for the removal of a previously reported default regarding a qualified education loan from a consumer report if the consumer of the loan meets the requirements of a loan rehabilitation program, where the number of consecutive on-time monthly payments are equal to the number of payments specified in a default reduction program under the Higher Education Act of 1965.
Permits a consumer to obtain such rehabilitation benefits only once per loan.
Requires the Comptroller General (GAO) to report on any hurdles borrowers experience with the private loan rehabilitation program.
Written by the nonpartisan Congressional Research Service. All summary versions on Congress.gov
About this bill and sources
Official title: FAIR Student Credit Act of 2013
Also known as: Federal Adjustment in Reporting Student Credit Act of 2013
Latest action (Jun 27, 2013): Referred to the House Committee on Financial Services.
Policy area: Finance and Financial Sector · Origin: House · Introduced: Jun 27, 2013
Official page on Congress.gov · Bill text (GovInfo) · Status record (XML)
No recorded floor vote found.